Philip Morris International Inc (PM)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 65,304,000 | 61,681,000 | 41,290,000 | 44,815,000 | 42,875,000 |
| Total stockholders’ equity | US$ in thousands | -11,225,000 | -8,957,000 | -10,106,000 | -12,567,000 | -11,577,000 |
| Financial leverage ratio | — | — | — | — | — |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $65,304,000K ÷ $-11,225,000K
= —
The financial leverage ratio, also known as the debt-to-equity ratio, is a key indicator of Philip Morris International Inc's financial risk and capital structure.
However, without the specific numbers for the total debt and total equity for each year, it is not possible to compute the financial leverage ratio accurately. This ratio is calculated by dividing total debt by total equity, representing the degree to which the company relies on debt financing versus equity financing.
To provide a thorough analysis, the historical trend of the financial leverage ratio over the past five years would need to be examined to assess the company's reliance on debt to finance its operations, investments, and growth. Understanding changes in this ratio can offer insights into the company's risk profile, solvency, and financial stability.
It is recommended to obtain the necessary financial data for each year to calculate and interpret the financial leverage ratio effectively in order to gain a deeper understanding of Philip Morris International Inc's capital structure and financial health.
Peer comparison
Dec 31, 2023