Philip Morris International Inc (PM)
Debt-to-capital ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | -11,225,000 | -9,433,000 | -9,703,000 | -8,924,000 | -8,957,000 | -9,137,000 | -9,044,000 | -10,098,000 | -10,106,000 | -10,551,000 | -11,113,000 | -11,548,000 | -12,567,000 | -12,092,000 | -11,997,000 | -12,944,000 | -11,577,000 | -11,010,000 | -11,199,000 | -11,968,000 |
| Debt-to-capital ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $-11,225,000K)
= —
The debt-to-capital ratio of Philip Morris International Inc has fluctuated over the past eight quarters, ranging from a low of 1.23 in Q1 2023 to a high of 1.52 in Q1 2022. This ratio indicates the proportion of the company's total debt to its total capital, which includes both debt and equity. A higher debt-to-capital ratio suggests that the company is more reliant on debt financing, while a lower ratio indicates a stronger capital structure with more equity financing.
The downward trend from Q1 2022 to Q1 2023 reflects a decrease in the company's reliance on debt compared to its total capital. However, the ratio did experience some fluctuations in the intervening quarters. It is important for investors and analysts to monitor this ratio over time to assess the company's leverage and financial risk.
Peer comparison
Dec 31, 2023
See also:
Philip Morris International Inc Debt to Capital (Quarterly Data)