Philip Morris International Inc (PM)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The solvency ratios for Philip Morris International Inc show a fluctuation in its debt levels and leverage over the past eight quarters. The debt-to-assets ratio has been increasing gradually, indicating that the company's proportion of debt to total assets has been on the rise. This trend suggests a higher reliance on debt to finance its operations and investments.
Meanwhile, the debt-to-capital ratio has shown a more volatile pattern with fluctuations in each quarter. This ratio provides insight into the extent of debt financing relative to the company's total capital structure. The increasing trend in debt-to-capital ratio indicates a higher proportion of debt in relation to the company's total capital, which may pose higher solvency risks.
Data on the debt-to-equity ratio and financial leverage ratio are not provided, making it challenging to assess the company's leverage and capital structure comprehensively. It is recommended to analyze these additional ratios to gain a more complete understanding of Philip Morris International Inc's solvency position.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 5.63 | 8.94 | 8.64 | 11.47 | 15.65 | 82.47 | 41.76 | 27.83 | 28.15 | 27.00 | 26.07 | 25.20 | 18.88 | 19.10 | 19.35 | 20.60 | 18.48 | 19.19 | 19.40 | 18.65 |
The interest coverage ratio measures Philip Morris International Inc's ability to cover its interest expenses with its earnings before interest and taxes. The trend in PMI's interest coverage ratio shows a consistent and healthy level over the past eight quarters.
The interest coverage ratio has been progressively decreasing from 22.10 in Q2 2022 to 11.67 in Q4 2023. Despite the decline, the company's interest coverage remains at a relatively high level, reflecting that Philip Morris International Inc has sufficient earnings to cover its interest expenses comfortably. The ratio of above 1 indicates that the company generates more than enough earnings to cover its interest payments, minimizing the risk of financial distress.
Overall, the analysis suggests that Philip Morris International Inc has been effectively managing its interest obligations, maintaining a strong financial position in terms of covering its interest expenses.
See also:
Philip Morris International Inc Solvency Ratios (Quarterly Data)