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, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Current ratio 1.10 1.09 1.13 1.35 1.07
Quick ratio 0.56 0.56 0.59 0.76 0.47
Cash ratio 0.37 0.36 0.38 0.53 0.26

Based on: 10-K (filing date: 2021-02-09), 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).

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 2018 to 2019 but then slightly improved from 2019 to 2020.
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 2018 to 2019 but then slightly improved from 2019 to 2020.
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 2018 to 2019 but then slightly improved from 2019 to 2020.

Current Ratio

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

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Current assets 21,492  20,514  19,442  21,594  17,608 
Current liabilities 19,615  18,833  17,191  15,962  16,467 
Liquidity Ratio
Current ratio1 1.10 1.09 1.13 1.35 1.07
Benchmarks
Current Ratio, Competitors2
Altria Group Inc. 0.59 0.20 0.64 0.98
Current Ratio, Sector
Tobacco 0.94 0.62 1.14 1.04
Current Ratio, Industry
Consumer Goods 0.91 0.91 1.08 1.07

Based on: 10-K (filing date: 2021-02-09), 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).

1 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 21,492 ÷ 19,615 = 1.10

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 2018 to 2019 but then slightly improved from 2019 to 2020.

Quick Ratio

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

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 7,280  6,861  6,593  8,447  4,239 
Trade receivables, less allowances 2,905  3,080  2,950  3,194  3,499 
Other receivables 856  637  614  544  — 
Total quick assets 11,041  10,578  10,157  12,185  7,738 
 
Current liabilities 19,615  18,833  17,191  15,962  16,467 
Liquidity Ratio
Quick ratio1 0.56 0.56 0.59 0.76 0.47
Benchmarks
Quick Ratio, Competitors2
Altria Group Inc. 0.28 0.07 0.21 0.64
Quick Ratio, Sector
Tobacco 0.48 0.30 0.60 0.52
Quick Ratio, Industry
Consumer Goods 0.62 0.63 0.76 0.73

Based on: 10-K (filing date: 2021-02-09), 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).

1 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 11,041 ÷ 19,615 = 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 2018 to 2019 but then slightly improved from 2019 to 2020.

Cash Ratio

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

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 7,280  6,861  6,593  8,447  4,239 
Total cash assets 7,280  6,861  6,593  8,447  4,239 
 
Current liabilities 19,615  18,833  17,191  15,962  16,467 
Liquidity Ratio
Cash ratio1 0.37 0.36 0.38 0.53 0.26
Benchmarks
Cash Ratio, Competitors2
Altria Group Inc. 0.26 0.06 0.18 0.62
Cash Ratio, Sector
Tobacco 0.33 0.21 0.43 0.37
Cash Ratio, Industry
Consumer Goods 0.34 0.37 0.48 0.45

Based on: 10-K (filing date: 2021-02-09), 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).

1 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 7,280 ÷ 19,615 = 0.37

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 2018 to 2019 but then slightly improved from 2019 to 2020.