Philip Morris (Pakistan) (KAR:PMPK) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Philip Morris (Pakistan) LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Philip Morris (Pakistan)'s long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Philip Morris (Pakistan)'s long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Philip Morris (Pakistan) is progressively becoming more dependent on debt to grow their business.

Philip Morris (Pakistan) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Philip Morris (Pakistan)'s LT-Debt-to-Total-Asset 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.

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Philip Morris (Pakistan) LT-Debt-to-Total-Asset Chart

Philip Morris (Pakistan) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

Philip Morris (Pakistan) Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Philip Morris (Pakistan) LT-Debt-to-Total-Asset Calculation

Philip Morris (Pakistan)'s Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	265.035	/	30534.774
	=	0.01

Philip Morris (Pakistan)'s Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	273.353	/	26539.087
	=	0.01

Philip Morris (Pakistan) (KAR:PMPK) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Philip Morris (Pakistan) LT-Debt-to-Total-Asset Related Terms

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Philip Morris (Pakistan) (KAR:PMPK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Philip Morris (Pakistan) Ltd (KAR:PMPK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot HC-3, Block 4, Corporate Office Block, Office 04 & 05, 5th Floor, Dolmen City, Clifton, Karachi, SD, PAK, 75600

Website

https://www.pmi.com

Philip Morris (Pakistan) Ltd is a cigarette manufacturing company engaged in the manufacture, distribution, and sale of cigarettes, tobacco products, and other smoke-free products in Pakistan.

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