Stock Analysis on Net

Altria Group Inc. (NYSE:MO)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 31, 2024.

Debt to Equity
since 2005

Microsoft Excel

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Calculation

Altria Group Inc., debt to equity, long-term trends, calculation

Microsoft Excel

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


Total Debt

The total debt shows considerable fluctuations over the analyzed period. Initial values decline significantly from around 23.9 billion USD in 2005 to a low point near 7.5 billion USD in 2008. From 2009 onward, there is a general upward trend with peaks exceeding 29 billion USD in 2020. After 2020, the total debt slightly decreases but remains elevated above the levels seen before 2018, ending at approximately 26.2 billion USD in 2023.

Stockholders’ Equity

Stockholders’ equity shows a declining trend with notable volatility. Starting at 35.7 billion USD in 2005, equity declines sharply into the single-digit billions or low thousands by 2008. Subsequent years display volatility with some rebounds around 12-15 billion USD from 2016 to 2018. However, after 2018 there is a marked downward trend, with equity turning negative from 2021 onwards, reaching around -3.5 billion USD by 2023. This shift to negative equity indicates significant erosion of shareholder value in recent years.

Debt to Equity Ratio

The debt to equity ratio reflects substantial volatility and an overall significant increase towards the later years. Initially, the ratio is moderate, below 1, between 2005 and 2007. From 2008 to 2015, the ratio is generally high and volatile, peaking close to 4.9 in 2014. After a sharp dip around 2016 and 2017 to approximately 0.9, the ratio rises dramatically reaching a peak above 10 by 2020. The ratio data for the last two recorded years is missing, but the upward trajectory reflects increasing leverage risks, particularly as equity diminishes and total debt remains elevated.

Summary Insights

The data indicates a shift from moderate leverage and strong equity position in the early years toward heightened financial risk characterized by increased debt burdens and declining equity. Notably, the turn to negative equity in recent years combined with the high debt to equity ratios suggests deteriorating financial stability. This pattern may warrant attention regarding the company's capital structure and solvency risks. The substantial increase in debt during the last decade underscores a reliance on external financing, which, coupled with eroding equity, could impact financial flexibility and creditor confidence.


Comparison to Competitors

Altria Group Inc., debt to equity, long-term trends, comparison to competitors

Microsoft Excel

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., debt to equity, long-term trends, comparison to sector (food, beverage & tobacco)

Microsoft Excel

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)