Philip Morris International Balance Sheet Health
Financial Health criteria checks 2/6
Philip Morris International has a total shareholder equity of $-8.6B and total debt of $50.4B, which brings its debt-to-equity ratio to -588.7%. Its total assets and total liabilities are $65.3B and $73.9B respectively. Philip Morris International's EBIT is $12.6B making its interest coverage ratio 11.5. It has cash and short-term investments of $4.0B.
Key information
-588.7%
Debt to equity ratio
US$50.41b
Debt
| Interest coverage ratio | 11.5x |
| Cash | US$3.97b |
| Equity | -US$8.56b |
| Total liabilities | US$73.88b |
| Total assets | US$65.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PMIZ has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: PMIZ has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: PMIZ has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: PMIZ's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: PMIZ's debt is well covered by operating cash flow (20.6%).
Interest Coverage: PMIZ's interest payments on its debt are well covered by EBIT (11.5x coverage).