Current Ratio
since 2005
Calculation
Altria Group Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 0.49 | = | 5,585) | ÷ | 11,319) |
| Dec 31, 2022 | 0.84 | = | 7,220) | ÷ | 8,616) |
| Dec 31, 2021 | 0.71 | = | 6,083) | ÷ | 8,579) |
| Dec 31, 2020 | 0.79 | = | 7,117) | ÷ | 9,063) |
| Dec 31, 2019 | 0.59 | = | 4,824) | ÷ | 8,174) |
| Dec 31, 2018 | 0.20 | = | 4,299) | ÷ | 21,193) |
| Dec 31, 2017 | 0.64 | = | 4,344) | ÷ | 6,792) |
| Dec 31, 2016 | 0.98 | = | 7,260) | ÷ | 7,375) |
| Dec 31, 2015 | 0.86 | = | 6,086) | ÷ | 7,078) |
| Dec 31, 2014 | 0.90 | = | 6,878) | ÷ | 7,673) |
| Dec 31, 2013 | 0.93 | = | 6,590) | ÷ | 7,058) |
| Dec 31, 2012 | 0.76 | = | 6,315) | ÷ | 8,259) |
| Dec 31, 2011 | 0.89 | = | 7,131) | ÷ | 7,973) |
| Dec 31, 2010 | 0.86 | = | 5,981) | ÷ | 6,941) |
| Dec 31, 2009 | 0.72 | = | 5,773) | ÷ | 7,992) |
| Dec 31, 2008 | 1.55 | = | 11,076) | ÷ | 7,142) |
| Dec 31, 2007 | 1.22 | = | 22,890) | ÷ | 18,782) |
| Dec 31, 2006 | 1.03 | = | 26,152) | ÷ | 25,427) |
| Dec 31, 2005 | 0.99 | = | 25,781) | ÷ | 26,158) |
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), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The analysis of the annual financial data reveals several notable trends concerning the liquidity position of the entity over the period presented.
- Current Assets
- The current assets exhibit a generally downward trend from 2005 to 2009, declining sharply from 25,781 million USD in 2005 to a low of 5,773 million USD in 2009. Following this period, there is some variability with occasional increases and decreases, reaching a peak of 7,220 million USD in 2022 before falling again to 5,585 million USD in 2023. This fluctuation indicates inconsistent liquidity resources over time.
- Current Liabilities
- Current liabilities also fluctuate during the period but display a less consistent pattern. Starting at 26,158 million USD in 2005, liabilities decrease dramatically by 2008 to 7,142 million USD, then remain relatively steady with minor deviations until 2013. A significant spike occurs in 2018, with liabilities reaching 21,193 million USD, before stabilizing around 8,500-11,300 million USD from 2019 to 2023. These swings suggest episodic increases in short-term obligations, notably in 2018.
- Current Ratio
- The current ratio, a key liquidity metric, displays considerable volatility throughout the period. Initially, it shows an improving trend, increasing from 0.99 in 2005 to a peak of 1.55 in 2008, indicating improved short-term financial stability. However, after 2008, the ratio experiences a steep decline, reaching a low of 0.2 by 2018, indicating potential liquidity concerns during that year. Post-2018, there is a modest recovery with values fluctuating between 0.49 and 0.84 up to 2023, but it remains consistently below 1, suggesting ongoing challenges in covering current liabilities with current assets.
Overall, the data indicates periods of significant liquidity pressure, particularly post-2008 where the current ratio declines markedly and remains below the ideal threshold of 1. The spike in current liabilities around 2018 exacerbates liquidity risk, despite some recovery in current assets in subsequent years. Continuous monitoring of these critical metrics is advisable to assess the entity's ability to meet short-term obligations and maintain financial stability.
Comparison to Competitors
Altria Group Inc., current ratio, long-term trends, comparison to competitors
| Altria Group Inc. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 0.49 | 1.13 | 0.62 | 0.85 | 0.75 |
| Dec 31, 2022 | 0.84 | 1.15 | 0.60 | 0.80 | 0.72 |
| Dec 31, 2021 | 0.71 | 1.13 | 0.74 | 0.83 | 0.92 |
| Dec 31, 2020 | 0.79 | 1.32 | 0.66 | 0.98 | 1.10 |
| Dec 31, 2019 | 0.59 | 0.76 | 0.50 | 0.86 | 1.09 |
| Dec 31, 2018 | 0.20 | 1.05 | 0.45 | 0.99 | 1.13 |
| Dec 31, 2017 | 0.64 | 1.34 | 0.48 | 1.51 | 1.35 |
| Dec 31, 2016 | 0.98 | 1.28 | 0.59 | 1.28 | 1.07 |
| Dec 31, 2015 | 0.86 | 1.24 | 0.82 | 1.31 | 1.03 |
| Dec 31, 2014 | 0.90 | 1.02 | 0.84 | 1.14 | 1.02 |
| Dec 31, 2013 | 0.93 | 1.13 | 0.92 | 1.24 | 0.99 |
| Dec 31, 2012 | 0.76 | 1.09 | 1.05 | 1.10 | 0.97 |
| Dec 31, 2011 | 0.89 | 1.05 | 0.88 | 0.96 | 1.00 |
| Dec 31, 2010 | 0.86 | 1.17 | 1.04 | 1.11 | 1.07 |
| Dec 31, 2009 | 0.72 | 1.28 | 1.08 | 1.44 | 1.31 |
| Dec 31, 2008 | 1.55 | 0.94 | 1.03 | 1.23 | 1.47 |
| Dec 31, 2007 | 1.22 | 0.92 | 0.63 | 1.31 | — |
| Dec 31, 2006 | 1.03 | 0.95 | 0.79 | 1.33 | — |
| Dec 31, 2005 | 0.99 | 1.04 | 0.93 | 1.11 | — |
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), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
Altria Group Inc., current ratio, long-term trends, comparison to sector (food, beverage & tobacco)
| Altria Group Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Dec 31, 2023 | 0.49 | 0.85 |
| Dec 31, 2022 | 0.84 | 0.82 |
| Dec 31, 2021 | 0.71 | 0.91 |
| Dec 31, 2020 | 0.79 | 1.01 |
| Dec 31, 2019 | 0.59 | 0.81 |
| Dec 31, 2018 | 0.20 | 0.93 |
| Dec 31, 2017 | 0.64 | 1.22 |
| Dec 31, 2016 | 0.98 | 1.11 |
| Dec 31, 2015 | 0.86 | 1.15 |
| Dec 31, 2014 | 0.90 | 1.02 |
| Dec 31, 2013 | 0.93 | 1.08 |
| Dec 31, 2012 | 0.76 | 1.06 |
| Dec 31, 2011 | 0.89 | 0.98 |
| Dec 31, 2010 | 0.86 | 1.10 |
| Dec 31, 2009 | 0.72 | 1.27 |
| Dec 31, 2008 | 1.55 | 1.15 |
| Dec 31, 2007 | 1.22 | 0.87 |
| Dec 31, 2006 | 1.03 | 0.98 |
| Dec 31, 2005 | 0.99 | 1.03 |
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), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Staples)
Altria Group Inc., current ratio, long-term trends, comparison to industry (consumer staples)
| Altria Group Inc. | Consumer Staples | |
|---|---|---|
| Dec 31, 2023 | 0.49 | 0.84 |
| Dec 31, 2022 | 0.84 | 0.87 |
| Dec 31, 2021 | 0.71 | 0.93 |
| Dec 31, 2020 | 0.79 | 0.92 |
| Dec 31, 2019 | 0.59 | 0.82 |
| Dec 31, 2018 | 0.20 | 0.87 |
| Dec 31, 2017 | 0.64 | 1.02 |
| Dec 31, 2016 | 0.98 | 1.04 |
| Dec 31, 2015 | 0.86 | 1.06 |
| Dec 31, 2014 | 0.90 | 0.97 |
| Dec 31, 2013 | 0.93 | 0.97 |
| Dec 31, 2012 | 0.76 | 0.99 |
| Dec 31, 2011 | 0.89 | 0.97 |
| Dec 31, 2010 | 0.86 | 1.01 |
| Dec 31, 2009 | 0.72 | 1.03 |
| Dec 31, 2008 | 1.55 | 0.98 |
| Dec 31, 2007 | 1.22 | 0.91 |
| Dec 31, 2006 | 1.03 | 1.04 |
| Dec 31, 2005 | 0.99 | 0.99 |
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), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).