Market Cap : 154.54 B | Enterprise Value : 178.97 B | PE Ratio : 17.12 | PB Ratio : |
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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:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
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.
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.
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.
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:
If Interest Expense is negative and Operating Income is positive, then
Interest Coverage | = | -1 | * | Operating Income | / | Interest Expense |
Else if Interest Expense is negative and Operating Income is negative, then
The company did not have earnings to cover the interest expense. |
Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then
The company had no debt. |
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Philip Morris International's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as
Here, for the fiscal year that ended in Dec. 2021, Philip Morris International's Interest Expense was $-737 Mil. Its Operating Income was $12,860 Mil. And its Long-Term Debt & Capital Lease Obligation was $24,783 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2021 ) | / | Interest Expense (A: Dec. 2021 ) |
= | -1 | * | 12860 | / | -737 | |
= | 17.45 |
Philip Morris International's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as
Here, for the three months ended in Jun. 2022, Philip Morris International's Interest Expense was $-126 Mil. Its Operating Income was $3,051 Mil. And its Long-Term Debt & Capital Lease Obligation was $22,345 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Jun. 2022 ) | / | Interest Expense (Q: Jun. 2022 ) |
= | -1 | * | 3051 | / | -126 | |
= | 24.21 |
* 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.
The higher the ratio, the stronger the company's Financial Strength is.
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 .
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.
Temperley Dessislava | director | CIMPRESS PLC BUILDING D, XEROX TECHNOLOGY PARK DUNDALK, COUNTY LOUTH L2 A91 H9N9 |
Dobrowolski Reginaldo | officer: Vice President and Controller | 120 PARK AVENUE NEW YORK NY 10017 |
Daboub Juan J. | director | 5100 W. 115TH PLACE LEAWOOD KS 66211 |
Yanai Shlomo | director | ONE MEADOWLANDS PLAZA EAST RUTHERFORD NJ 07073 |
Bough Bonin | director | 120 PARK AVENUE NEW YORK NY 10017 |
Insuasty Jorge | officer: Chief Life Sciences Officer | 120 PARK AVENUE NEW YORI NY 10017 |
Combes Michel | director | 101 WEST 24TH STREET NEW YORK NY 10011 |
Noto Lucio A | director | C/O PHILIP MORRIS INTERNATIONAL INC. 120 PARK AVENUE NEW YORK NY 10017 |
Makihara Jun | director | C/O MONEX GROUP, INC. 1-11-1, MARUNOUCHI, CHIYODA-KU TOKYO M0 100-6219 |
Verdeaux Gregoire | officer: Sr. VP External Affairs | 120 PARK AVENUE NEW YORK NY 10017 |
Folsom Suzanne R | officer: Sr VP & General Counsel | C/O PHILIP MORRIS INTERNATIONAL INC. 120 PARK AVENUE NEW YORK NY 10017 |
Babeau Emmanuel | officer: Chief Financial Officer | 120 PARK AVENUE NEW YORK NY 10017 |
Muenster Silke | officer: Chief Diversity Officer | 120 PARK AVENUE NEW YORK NY 10017 |
Li Bin | officer: Chief Product Officer | 120 PARK AVENUE NEW YORK NY 10017 |
Volpetti Stefano | officer: Chief Consumer Officer | 120 PARK AVENUE NEW YORK NY 10017 |
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