Philip Morris International Inc (PM)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 of Philip Morris International Inc, as reflected by the Debt-to-assets ratio, have consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not used debt to finance its assets during this period.
The Debt-to-capital ratio, Debt-to-equity ratio, and Financial leverage ratio are not available for analysis as the data is represented as "—" for all the quarters from March 31, 2020, to December 31, 2024. Without this information, it is challenging to assess the company's capital structure and leverage levels, which are key factors in determining solvency.
Based on the Debt-to-assets ratio being consistently at 0.00, it suggests that Philip Morris International Inc has a strong financial position in terms of asset funding and may have a low level of debt relative to its total assets. However, a deeper analysis would be needed incorporating other solvency ratios to provide a more comprehensive understanding of the company's overall financial health and risk management strategies.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7.60 | 5.56 | 5.92 | 5.59 | 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 |
The interest coverage ratio of Philip Morris International Inc has shown a fluctuating trend over the years. As of December 31, 2024, the interest coverage ratio stood at 7.60, which indicates the company's ability to cover its interest expenses with its operating income. It is important to note that the interest coverage ratio was relatively stable and at comfortable levels between March 31, 2020, and June 30, 2022, ranging from 20.60 to 41.76.
However, there was a significant increase in the interest coverage ratio in the second half of 2022, reaching a peak of 82.47 on September 30, 2022. This spike in the ratio suggests that the company's operating income substantially exceeded its interest expenses during that period.
Subsequently, the interest coverage ratio experienced a notable decline in the following quarters, dropping to 5.56 as of September 30, 2024. This decrease in the ratio may indicate potential challenges in meeting interest obligations from operating income alone.
Overall, fluctuations in Philip Morris International Inc's interest coverage ratio suggest variations in its ability to service its debt obligations, highlighting the importance of monitoring the company's financial performance and debt management practices.
See also:
Philip Morris International Inc Solvency Ratios (Quarterly Data)