Debt to Equity
since 2008
Calculation
Philip Morris International Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Total PMI stockholders’ equity (deficit)1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | — | = | 47,909) | ÷ | (11,225) |
| Dec 31, 2022 | — | = | 43,123) | ÷ | (8,957) |
| Dec 31, 2021 | — | = | 27,806) | ÷ | (10,106) |
| Dec 31, 2020 | — | = | 31,536) | ÷ | (12,567) |
| Dec 31, 2019 | — | = | 31,045) | ÷ | (11,577) |
| Dec 31, 2018 | — | = | 31,759) | ÷ | (12,459) |
| Dec 31, 2017 | — | = | 34,339) | ÷ | (12,086) |
| Dec 31, 2016 | — | = | 29,067) | ÷ | (12,688) |
| Dec 31, 2015 | — | = | 28,480) | ÷ | (13,244) |
| Dec 31, 2014 | — | = | 29,455) | ÷ | (12,629) |
| Dec 31, 2013 | — | = | 27,678) | ÷ | (7,766) |
| Dec 31, 2012 | — | = | 22,839) | ÷ | (3,476) |
| Dec 31, 2011 | 80.98 | = | 18,545) | ÷ | 229) |
| Dec 31, 2010 | 4.71 | = | 16,502) | ÷ | 3,506) |
| Dec 31, 2009 | 2.70 | = | 15,416) | ÷ | 5,716) |
| Dec 31, 2008 | 1.59 | = | 11,961) | ÷ | 7,500) |
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., debt to equity, long-term trends, comparison to competitors
| Philip Morris International Inc. | Altria Group Inc. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2023 | — | — | 1.62 | 0.69 | 2.38 |
| Dec 31, 2022 | — | — | 1.62 | 0.85 | 2.28 |
| Dec 31, 2021 | — | — | 1.86 | 0.69 | 2.51 |
| Dec 31, 2020 | — | 10.38 | 2.22 | 0.73 | 3.28 |
| Dec 31, 2019 | — | 4.51 | 2.25 | 0.68 | 2.17 |
| Dec 31, 2018 | — | 1.74 | 2.56 | 0.72 | 2.23 |
| Dec 31, 2017 | — | 0.90 | 2.79 | 0.68 | 3.61 |
| Dec 31, 2016 | — | 1.09 | 1.98 | 0.68 | 3.33 |
| Dec 31, 2015 | — | 4.49 | 1.73 | 0.55 | 2.79 |
| Dec 31, 2014 | — | 4.87 | 1.38 | 0.60 | 1.66 |
| Dec 31, 2013 | — | 3.52 | 1.12 | 0.53 | 1.22 |
| Dec 31, 2012 | — | 4.38 | 0.99 | 0.60 | 1.27 |
| Dec 31, 2011 | 80.98 | 3.72 | 0.90 | 0.76 | 1.30 |
| Dec 31, 2010 | 4.71 | 2.35 | 0.76 | 0.80 | 1.18 |
| Dec 31, 2009 | 2.70 | 2.94 | 0.48 | 0.73 | 0.47 |
| Dec 31, 2008 | 1.59 | 2.64 | 0.45 | 0.91 | 0.68 |
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., debt to equity, long-term trends, comparison to sector (food, beverage & tobacco)
| Philip Morris International Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Dec 31, 2023 | — | 3.10 |
| Dec 31, 2022 | — | 3.10 |
| Dec 31, 2021 | — | 2.85 |
| Dec 31, 2020 | — | 3.32 |
| Dec 31, 2019 | — | 2.74 |
| Dec 31, 2018 | — | 2.55 |
| Dec 31, 2017 | — | 2.66 |
| Dec 31, 2016 | — | 2.40 |
| Dec 31, 2015 | — | 2.44 |
| Dec 31, 2014 | — | 2.00 |
| Dec 31, 2013 | — | 1.46 |
| Dec 31, 2012 | — | 1.35 |
| Dec 31, 2011 | 80.98 | 1.25 |
| Dec 31, 2010 | 4.71 | 1.09 |
| Dec 31, 2009 | 2.70 | 0.86 |
| Dec 31, 2008 | 1.59 | 0.88 |
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., debt to equity, long-term trends, comparison to industry (consumer staples)
| Philip Morris International Inc. | Consumer Staples | |
|---|---|---|
| Dec 31, 2023 | — | 1.29 |
| Dec 31, 2022 | — | 1.22 |
| Dec 31, 2021 | — | 1.21 |
| Dec 31, 2020 | — | 1.37 |
| Dec 31, 2019 | — | 1.28 |
| Dec 31, 2018 | — | 1.16 |
| Dec 31, 2017 | — | 1.18 |
| Dec 31, 2016 | — | 1.09 |
| Dec 31, 2015 | — | 1.05 |
| Dec 31, 2014 | — | 1.01 |
| Dec 31, 2013 | — | 0.91 |
| Dec 31, 2012 | — | 0.88 |
| Dec 31, 2011 | 80.98 | 0.84 |
| Dec 31, 2010 | 4.71 | 0.77 |
| Dec 31, 2009 | 2.70 | 0.73 |
| Dec 31, 2008 | 1.59 | 0.71 |
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).