Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Philip Morris International's
Operating Income
for the
three
months ended in Jun. 2022 was $3,051 Mil. Philip Morris International's Interest Expense for the
three
months ended in Jun. 2022 was $-126 Mil.
Philip Morris International's interest coverage for the quarter that ended in Jun. 2022 was 24.21.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Philip Morris International's Interest Coverage or its related term are showing as below:
PM'
s Interest Coverage Range Over the Past 10 Years
Min: 9.44 Med: 12.82 Max: 18.41
Current: 18.41
PM's Interest Coverage is ranked worse than 57.58% of 33
companies
in the Tobacco Products industry
Industry Median: 21.14
vs PM: 18.41
Philip Morris International Interest Coverage Historical Data
The historical data trend for Philip Morris International's Interest Coverage 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
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Interest Coverage
10.50
13.26
13.12
15.89
17.45
Philip Morris International Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Interest Coverage
19.27
22.26
11.43
21.39
24.21
Competitive Comparison
For the Tobacco subindustry, Philip Morris International's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage Distribution
For the Tobacco Products industry and Consumer Defensive sector, Philip Morris International's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Philip Morris International's Interest Coverage falls into.
Philip Morris International Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Philip Morris International (NYSE:PM) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Philip Morris International Interest Coverage Related Terms
Thank you for viewing the detailed overview of Philip Morris International's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Philip Morris International is a leading international tobacco company engaged in the manufacture and sale of cigarettes and other nicotine-containing products in markets outside the United States. Through multidisciplinary capabilities in product development, state-of-the-art facilities, and scientific substantiation, the company aims to ensure that its smoke-free products meet adult consumer preferences and rigorous regulatory requirements. Management's vision is that these products ultimately replace cigarettes.
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