Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Philip Morris International Inc. (NYSE:PM)

Analysis of Liquidity Ratios

Beginner level

Liquidity ratios measure the company’s ability to meet its short-term obligations.


Liquidity Ratios (Summary)

Philip Morris International Inc., liquidity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Current ratio 1.09 1.13 1.35 1.07 1.03
Quick ratio 0.56 0.59 0.76 0.47 0.40
Cash ratio 0.36 0.38 0.53 0.26 0.22

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Philip Morris International Inc.’s current ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Philip Morris International Inc.’s quick ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Philip Morris International Inc.’s cash ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Current Ratio

Philip Morris International Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Current assets 20,514  19,442  21,594  17,608  15,804 
Current liabilities 18,833  17,191  15,962  16,467  15,386 
Liquidity Ratio
Current ratio1 1.09 1.13 1.35 1.07 1.03
Benchmarks
Current Ratio, Competitors2
Altria Group Inc. 0.59 0.20 0.64 0.98 0.86
Current Ratio, Sector
Tobacco 0.94 0.62 1.14 1.04 0.97
Current Ratio, Industry
Consumer Goods 0.92 0.92 1.20 1.18 1.17

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17).

1 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 20,514 ÷ 18,833 = 1.09

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Philip Morris International Inc.’s current ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Quick Ratio

Philip Morris International Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 6,861  6,593  8,447  4,239  3,417 
Trade receivables, less allowances 3,080  2,950  3,194  3,499  2,778 
Other receivables 637  614  544  —  — 
Total quick assets 10,578  10,157  12,185  7,738  6,195 
 
Current liabilities 18,833  17,191  15,962  16,467  15,386 
Liquidity Ratio
Quick ratio1 0.56 0.59 0.76 0.47 0.40
Benchmarks
Quick Ratio, Competitors2
Altria Group Inc. 0.28 0.07 0.21 0.64 0.35
Quick Ratio, Sector
Tobacco 0.48 0.30 0.60 0.52 0.39
Quick Ratio, Industry
Consumer Goods 0.59 0.59 0.82 0.77 0.72

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17).

1 2019 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 10,578 ÷ 18,833 = 0.56

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Philip Morris International Inc.’s quick ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Cash Ratio

Philip Morris International Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 6,861  6,593  8,447  4,239  3,417 
Total cash assets 6,861  6,593  8,447  4,239  3,417 
 
Current liabilities 18,833  17,191  15,962  16,467  15,386 
Liquidity Ratio
Cash ratio1 0.36 0.38 0.53 0.26 0.22
Benchmarks
Cash Ratio, Competitors2
Altria Group Inc. 0.26 0.06 0.18 0.62 0.33
Cash Ratio, Sector
Tobacco 0.33 0.21 0.43 0.37 0.26
Cash Ratio, Industry
Consumer Goods 0.36 0.39 0.59 0.55 0.48

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17).

1 2019 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 6,861 ÷ 18,833 = 0.36

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Philip Morris International Inc.’s cash ratio deteriorated from 2017 to 2018 and from 2018 to 2019.