Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Altria Group Inc., liquidity ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Current ratio | 0.49 | 0.84 | 0.71 | 0.79 | 0.59 | |
| Quick ratio | 0.33 | 0.67 | 0.54 | 0.56 | 0.28 | |
| Cash ratio | 0.33 | 0.47 | 0.53 | 0.55 | 0.26 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Altria Group Inc. current ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Altria Group Inc. quick ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Altria Group Inc. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Current Ratio
Altria Group Inc., current ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 5,585) | 7,220) | 6,083) | 7,117) | 4,824) | |
| Current liabilities | 11,319) | 8,616) | 8,579) | 9,063) | 8,174) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 0.49 | 0.84 | 0.71 | 0.79 | 0.59 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Coca-Cola Co. | 1.13 | 1.15 | 1.13 | 1.32 | 0.76 | |
| PepsiCo Inc. | 0.85 | 0.80 | 0.83 | 0.98 | 0.86 | |
| Philip Morris International Inc. | 0.75 | 0.72 | 0.92 | 1.10 | 1.09 | |
| Current Ratio, Sector | ||||||
| Food, Beverage & Tobacco | 0.85 | 0.86 | 0.92 | 1.06 | 0.85 | |
| Current Ratio, Industry | ||||||
| Consumer Staples | 0.85 | 0.89 | 0.93 | 0.93 | 0.84 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 5,585 ÷ 11,319 = 0.49
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Altria Group Inc. current ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Quick Ratio
Altria Group Inc., quick ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 3,686) | 4,030) | 4,544) | 4,945) | 2,117) | |
| Receivable from the sale of IQOS System commercialization rights | —) | 1,721) | —) | —) | —) | |
| Receivables | 71) | 48) | 47) | 137) | 152) | |
| Total quick assets | 3,757) | 5,799) | 4,591) | 5,082) | 2,269) | |
| Current liabilities | 11,319) | 8,616) | 8,579) | 9,063) | 8,174) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 0.33 | 0.67 | 0.54 | 0.56 | 0.28 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Coca-Cola Co. | 0.72 | 0.77 | 0.81 | 0.96 | 0.56 | |
| PepsiCo Inc. | 0.66 | 0.58 | 0.56 | 0.77 | 0.66 | |
| Philip Morris International Inc. | 0.28 | 0.29 | 0.44 | 0.56 | 0.56 | |
| Quick Ratio, Sector | ||||||
| Food, Beverage & Tobacco | 0.53 | 0.54 | 0.59 | 0.72 | 0.56 | |
| Quick Ratio, Industry | ||||||
| Consumer Staples | 0.36 | 0.38 | 0.42 | 0.46 | 0.38 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 3,757 ÷ 11,319 = 0.33
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Altria Group Inc. quick ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Cash Ratio
Altria Group Inc., cash ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 3,686) | 4,030) | 4,544) | 4,945) | 2,117) | |
| Total cash assets | 3,686) | 4,030) | 4,544) | 4,945) | 2,117) | |
| Current liabilities | 11,319) | 8,616) | 8,579) | 9,063) | 8,174) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.33 | 0.47 | 0.53 | 0.55 | 0.26 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Coca-Cola Co. | 0.58 | 0.59 | 0.63 | 0.75 | 0.41 | |
| PepsiCo Inc. | 0.32 | 0.20 | 0.23 | 0.41 | 0.28 | |
| Philip Morris International Inc. | 0.12 | 0.12 | 0.23 | 0.37 | 0.36 | |
| Cash Ratio, Sector | ||||||
| Food, Beverage & Tobacco | 0.33 | 0.29 | 0.37 | 0.49 | 0.35 | |
| Cash Ratio, Industry | ||||||
| Consumer Staples | 0.23 | 0.24 | 0.30 | 0.34 | 0.25 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,686 ÷ 11,319 = 0.33
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Altria Group Inc. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |