Current Ratio
since 2008
Calculation
Philip Morris International Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 0.75 | = | 19,755) | ÷ | 26,383) |
| Dec 31, 2022 | 0.72 | = | 19,619) | ÷ | 27,336) |
| Dec 31, 2021 | 0.92 | = | 17,717) | ÷ | 19,255) |
| Dec 31, 2020 | 1.10 | = | 21,492) | ÷ | 19,615) |
| Dec 31, 2019 | 1.09 | = | 20,514) | ÷ | 18,833) |
| Dec 31, 2018 | 1.13 | = | 19,442) | ÷ | 17,191) |
| Dec 31, 2017 | 1.35 | = | 21,594) | ÷ | 15,962) |
| Dec 31, 2016 | 1.07 | = | 17,608) | ÷ | 16,467) |
| Dec 31, 2015 | 1.03 | = | 15,804) | ÷ | 15,386) |
| Dec 31, 2014 | 1.02 | = | 15,484) | ÷ | 15,112) |
| Dec 31, 2013 | 0.99 | = | 16,852) | ÷ | 17,066) |
| Dec 31, 2012 | 0.97 | = | 16,590) | ÷ | 17,016) |
| Dec 31, 2011 | 1.00 | = | 14,859) | ÷ | 14,794) |
| Dec 31, 2010 | 1.07 | = | 13,756) | ÷ | 12,804) |
| Dec 31, 2009 | 1.31 | = | 14,682) | ÷ | 11,178) |
| Dec 31, 2008 | 1.47 | = | 14,939) | ÷ | 10,144) |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
1 US$ in millions
Comparison to Competitors
Philip Morris International Inc., current ratio, long-term trends, comparison to competitors
| Philip Morris International Inc. | Altria Group Inc. | Coca-Cola Co. | PepsiCo Inc. | |
|---|---|---|---|---|
| Dec 31, 2023 | 0.75 | 0.49 | 1.13 | 0.85 |
| Dec 31, 2022 | 0.72 | 0.84 | 1.15 | 0.80 |
| Dec 31, 2021 | 0.92 | 0.71 | 1.13 | 0.83 |
| Dec 31, 2020 | 1.10 | 0.79 | 1.32 | 0.98 |
| Dec 31, 2019 | 1.09 | 0.59 | 0.76 | 0.86 |
| Dec 31, 2018 | 1.13 | 0.20 | 1.05 | 0.99 |
| Dec 31, 2017 | 1.35 | 0.64 | 1.34 | 1.51 |
| Dec 31, 2016 | 1.07 | 0.98 | 1.28 | 1.28 |
| Dec 31, 2015 | 1.03 | 0.86 | 1.24 | 1.31 |
| Dec 31, 2014 | 1.02 | 0.90 | 1.02 | 1.14 |
| Dec 31, 2013 | 0.99 | 0.93 | 1.13 | 1.24 |
| Dec 31, 2012 | 0.97 | 0.76 | 1.09 | 1.10 |
| Dec 31, 2011 | 1.00 | 0.89 | 1.05 | 0.96 |
| Dec 31, 2010 | 1.07 | 0.86 | 1.17 | 1.11 |
| Dec 31, 2009 | 1.31 | 0.72 | 1.28 | 1.44 |
| Dec 31, 2008 | 1.47 | 1.55 | 0.94 | 1.23 |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
Philip Morris International Inc., current ratio, long-term trends, comparison to sector (food, beverage & tobacco)
| Philip Morris International Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Dec 31, 2023 | 0.75 | 0.85 |
| Dec 31, 2022 | 0.72 | 0.86 |
| Dec 31, 2021 | 0.92 | 0.92 |
| Dec 31, 2020 | 1.10 | 1.06 |
| Dec 31, 2019 | 1.09 | 0.85 |
| Dec 31, 2018 | 1.13 | 0.85 |
| Dec 31, 2017 | 1.35 | 1.33 |
| Dec 31, 2016 | 1.07 | 1.20 |
| Dec 31, 2015 | 1.03 | 1.17 |
| Dec 31, 2014 | 1.02 | 1.04 |
| Dec 31, 2013 | 0.99 | 1.10 |
| Dec 31, 2012 | 0.97 | 1.03 |
| Dec 31, 2011 | 1.00 | 1.00 |
| Dec 31, 2010 | 1.07 | 1.09 |
| Dec 31, 2009 | 1.31 | 1.21 |
| Dec 31, 2008 | 1.47 | 1.25 |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
Comparison to Industry (Consumer Staples)
Philip Morris International Inc., current ratio, long-term trends, comparison to industry (consumer staples)
| Philip Morris International Inc. | Consumer Staples | |
|---|---|---|
| Dec 31, 2023 | 0.75 | 0.85 |
| Dec 31, 2022 | 0.72 | 0.89 |
| Dec 31, 2021 | 0.92 | 0.93 |
| Dec 31, 2020 | 1.10 | 0.93 |
| Dec 31, 2019 | 1.09 | 0.84 |
| Dec 31, 2018 | 1.13 | 0.84 |
| Dec 31, 2017 | 1.35 | 1.05 |
| Dec 31, 2016 | 1.07 | 1.08 |
| Dec 31, 2015 | 1.03 | 1.07 |
| Dec 31, 2014 | 1.02 | 0.98 |
| Dec 31, 2013 | 0.99 | 0.98 |
| Dec 31, 2012 | 0.97 | 0.98 |
| Dec 31, 2011 | 1.00 | 0.99 |
| Dec 31, 2010 | 1.07 | 1.01 |
| Dec 31, 2009 | 1.31 | 1.01 |
| Dec 31, 2008 | 1.47 | 1.00 |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).