Philip Morris International (Philip Morris International) Debt-to-Equity

: -4.27 (As of Dec. 2023)

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Philip Morris International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6,666 Mil. Philip Morris International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $41,243 Mil. Philip Morris International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-11,225 Mil. Philip Morris International's debt to equity for the quarter that ended in Dec. 2023 was -4.27.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Philip Morris International's Debt-to-Equity or its related term are showing as below:

PM' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.81 Med: -2.62 Max: -2.15
Current: -4.27

During the past 13 years, the highest Debt-to-Equity Ratio of Philip Morris International was -2.15. The lowest was -4.81. And the median was -2.62.

PM's Debt-to-Equity is not ranked
in the Tobacco Products industry.
Industry Median: 0.28 vs PM: -4.27

Philip Morris International Debt-to-Equity Historical Data

The historical data trend for Philip Morris International's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Philip Morris International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-2.68

-2.51

-2.75

-4.81

-4.27

Philip Morris International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																-4.81	-5.28	-4.94	-5.06	-4.27

Competitive Comparison

For the Tobacco subindustry, Philip Morris International's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Philip Morris International Debt-to-Equity Distribution

For the Tobacco Products industry and Consumer Defensive sector, Philip Morris International's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Philip Morris International's Debt-to-Equity falls into.

Philip Morris International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Philip Morris International's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(6666	+	41243)	/	-11225
	=	-4.27

Philip Morris International's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(6666	+	41243)	/	-11225
	=	-4.27

Philip Morris International (NYSE:PM) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Philip Morris International Debt-to-Equity Related Terms

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Philip Morris International (Philip Morris International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Philip Morris International Inc (NYSE:PM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PM:Mexico 1PM:Italy 0M8V:UK 4I1:Germany 4I1:Germany 4I1:Germany PMI:Switzerland PHMO34:Brazil PMOR:Austria

Address

677 Washington Boulevard, Suite 1100, Stamford, Connecticut, New York, NY, USA, 06901

Website

https://www.pmi.com

Philip Morris International is an international tobacco company with a product portfolio primarily consisting of cigarettes and reduced-risk products, including heat-not-burn, vapor and oral nicotine products, which are sold in markets outside the United States. The company diversified away from cigarettes with the 2022 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches, primarily in the U.S. and Scandinavia. It diversified away from nicotine products with the acquisition of Vectura, a provider of innovative inhaled drug delivery solutions, in 2021.

Executives

Wilde Frederic De	officer: Sr. VP, Marketing & Sales	120 PARK AVENUE, NEW YORK NY 10017
Yann Guerin	officer: SVP & Global Head of L&C	677 WASHINGTON BLVD., SUITE 1100, STAMFORD CT 06901
Werner Barth	officer: Sr. VP, Marketing and Sales	120 PARK AVENUE, NEW YORK NY 10017
Lars Dahlgren	officer: Pres. Smoke-Free Oral Products	677 WASHINGTON BLVD., STAMFORD CT 06896
Dessislava Temperley	director	C/O CIMPRESS PLC, 275 WYMAN STREET, WALTHAM MA 02451
Reginaldo Dobrowolski	officer: Vice President and Controller	677 WASHINGTON BLVD, SUITE 1100, STAMFORD CT 06901
Martin G. King	officer: SVP Operations	120 PARK AVENUE, NEW YORK NY 10017
Paul Riley	officer: Pres East Asia & Australia	120 PARK AVENUE, NEW YORK NY 10017
Drago Azinovic	officer: Pres., European Union Region	120 PARK AVENUE, NEW YORK NY 10017
Mario Masseroli	officer: Pres., Latin America & Canada	120 PARK AVENUE, NEW YORK NY 10017
Juan J. Daboub	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Shlomo Yanai	director	ONE MEADOWLANDS PLAZA, EAST RUTHERFORD NJ 07073
Stacey Kennedy	officer: Pres. South & Southeast Asia	120 PARK AVENUE, NEW YORK NY 10017
Charles Bendotti	officer: Senior VP, Human Resources	120 PARK AVENUE, NEW YORK NY 10017
Andre Calantzopoulos	director, officer: President & CEO	677 WASHINGTON BLVD, SUITE 1100, STAMFORD CT 06901