Philip Morris International Inc (PM)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | -11,225,000 | -8,957,000 | -10,106,000 | -12,567,000 | -11,577,000 |
| Debt-to-equity ratio | — | — | — | — | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $-11,225,000K
= —
The absence of the debt-to-equity ratio data for Philip Morris International Inc in the provided table indicates a lack of specific information on the company's debt levels relative to its equity across the years 2019 to 2023. In assessing the financial health and risk profile of the company, it is crucial to monitor the trend and magnitude of the debt-to-equity ratio over time. Typically, a higher debt-to-equity ratio suggests that a company is financing its operations more through debt than equity, which could indicate higher financial risk. Conversely, a lower ratio signifies a healthier balance between debt and equity financing. Without the data for Philip Morris International Inc's debt-to-equity ratio, it is challenging to evaluate its leverage position and make informed conclusions regarding its capital structure dynamics.
Peer comparison
Dec 31, 2023