Philip Morris International Current Ratio Growth & History (PM)
Philip Morris International's current ratio was 0.96 for fiscal 2025.
View full Philip Morris International company overviewPhilip Morris International annual current ratio history
| Fiscal year | Period ended | Current ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.96 | 0.08 | +8.86% |
| 2024 | 2024-12-31 | 0.88 | 0.13 | +17.55% |
| 2023 | 2023-12-31 | 0.75 | 0.03 | +4.33% |
| 2022 | 2022-12-31 | 0.72 | −0.20 | −22.00% |
| 2021 | 2021-12-31 | 0.92 | −0.18 | −16.02% |
| 2020 | 2020-12-31 | 1.10 | 0.01 | +0.59% |
| 2019 | 2019-12-31 | 1.09 | −0.04 | −3.69% |
| 2018 | 2018-12-31 | 1.13 | −0.22 | −16.40% |
| 2017 | 2017-12-31 | 1.35 | 0.28 | +26.52% |
| 2016 | 2016-12-31 | 1.07 | 0.04 | +4.10% |
| 2015 | 2015-12-31 | 1.03 | 0.00 | +0.25% |
| 2014 | 2014-12-31 | 1.02 | 0.04 | +3.76% |
| 2013 | 2013-12-31 | 0.99 | 0.01 | +1.28% |
| 2012 | 2012-12-31 | 0.97 | −0.03 | −2.93% |
| 2011 | 2011-12-31 | 1.00 | −0.07 | −6.51% |
| 2010 | 2010-12-31 | 1.07 | −0.24 | −18.21% |
| 2009 | 2009-12-31 | 1.31 | −0.16 | −10.81% |
| 2008 | 2008-12-31 | 1.47 | — | — |
Philip Morris International quarterly current ratio
| Fiscal quarter | Period ended | Current ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.98 | 0.15 | +18.04% |
| Q1 2026 | 2026-03-31 | 0.98 | 0.19 | +23.55% |
| Q4 2025 | 2025-12-31 | 0.96 | 0.08 | +8.86% |
| Q3 2025 | 2025-09-30 | 0.85 | −0.04 | −4.69% |
| Q2 2025 | 2025-06-30 | 0.83 | −0.11 | −11.52% |
| Q1 2025 | 2025-03-31 | 0.79 | −0.15 | −16.08% |
| Q4 2024 | 2024-12-31 | 0.88 | 0.13 | +17.55% |
| Q3 2024 | 2024-09-30 | 0.89 | −0.00 | −0.08% |
| Q2 2024 | 2024-06-30 | 0.94 | 0.08 | +9.93% |
| Q1 2024 | 2024-03-31 | 0.94 | 0.09 | +10.59% |
| Q4 2023 | 2023-12-31 | 0.75 | 0.03 | +4.33% |
| Q3 2023 | 2023-09-30 | 0.89 | −0.03 | −2.80% |
| Q2 2023 | 2023-06-30 | 0.85 | −0.04 | −4.58% |
| Q1 2023 | 2023-03-31 | 0.85 | −0.07 | −7.15% |
| Q4 2022 | 2022-12-31 | 0.72 | −0.20 | −22.00% |
| Q3 2022 | 2022-09-30 | 0.92 | −0.08 | −8.20% |
| Q2 2022 | 2022-06-30 | 0.89 | −0.29 | −24.21% |
| Q1 2022 | 2022-03-31 | 0.92 | −0.26 | −22.09% |
| Q4 2021 | 2021-12-31 | 0.92 | −0.18 | −16.02% |
| Q3 2021 | 2021-09-30 | 1.00 | −0.13 | −11.20% |
| Q2 2021 | 2021-06-30 | 1.18 | 0.05 | +4.83% |
| Q1 2021 | 2021-03-31 | 1.18 | 0.16 | +15.78% |
| Q4 2020 | 2020-12-31 | 1.10 | 0.01 | +0.59% |
| Q3 2020 | 2020-09-30 | 1.12 | 0.04 | +3.63% |
| Q2 2020 | 2020-06-30 | 1.13 | 0.17 | +18.35% |
| Q1 2020 | 2020-03-31 | 1.02 | 0.17 | +19.40% |
| Q4 2019 | 2019-12-31 | 1.09 | −0.04 | −3.69% |
| Q3 2019 | 2019-09-30 | 1.08 | −0.10 | −8.72% |
| Q2 2019 | 2019-06-30 | 0.95 | −0.20 | −17.18% |
| Q1 2019 | 2019-03-31 | 0.85 | −0.31 | −26.86% |
| Q4 2018 | 2018-12-31 | 1.13 | −0.22 | −16.40% |
| Q3 2018 | 2018-09-30 | 1.19 | 0.06 | +5.48% |
| Q2 2018 | 2018-06-30 | 1.15 | 0.08 | +7.43% |
| Q1 2018 | 2018-03-31 | 1.16 | −0.10 | −7.91% |
| Q4 2017 | 2017-12-31 | 1.35 | 0.28 | +26.52% |
| Q3 2017 | 2017-09-30 | 1.13 | −0.04 | −3.08% |
| Q2 2017 | 2017-06-30 | 1.07 | −0.20 | −15.58% |
| Q1 2017 | 2017-03-31 | 1.26 | 0.13 | +11.84% |
| Q4 2016 | 2016-12-31 | 1.07 | 0.04 | +4.10% |
| Q3 2016 | 2016-09-30 | 1.16 | 0.16 | +16.16% |
| Q2 2016 | 2016-06-30 | 1.27 | 0.37 | +41.47% |
| Q1 2016 | 2016-03-31 | 1.13 | 0.18 | +18.62% |
| Q4 2015 | 2015-12-31 | 1.03 | 0.00 | +0.25% |
| Q3 2015 | 2015-09-30 | 1.00 | 0.02 | +2.48% |
| Q2 2015 | 2015-06-30 | 0.90 | −0.19 | −17.37% |
| Q1 2015 | 2015-03-31 | 0.95 | −0.11 | −10.20% |
| Q4 2014 | 2014-12-31 | 1.02 | 0.04 | +3.76% |
| Q3 2014 | 2014-09-30 | 0.98 | −0.02 | −2.34% |
| Q2 2014 | 2014-06-30 | 1.08 | −0.06 | −4.93% |
| Q1 2014 | 2014-03-31 | 1.06 | −0.09 | −7.59% |
| Q4 2013 | 2013-12-31 | 0.99 | 0.01 | +1.28% |
| Q3 2013 | 2013-09-30 | 1.00 | −0.05 | −4.98% |
| Q2 2013 | 2013-06-30 | 1.14 | 0.21 | +23.22% |
| Q1 2013 | 2013-03-31 | 1.15 | 0.14 | +14.42% |
| Q4 2012 | 2012-12-31 | 0.97 | −0.03 | −2.93% |
| Q3 2012 | 2012-09-30 | 1.05 | 0.11 | +11.92% |
| Q2 2012 | 2012-06-30 | 0.92 | −0.05 | −4.77% |
| Q1 2012 | 2012-03-31 | 1.00 | 0.07 | +7.48% |
| Q4 2011 | 2011-12-31 | 1.00 | −0.07 | −6.51% |
| Q3 2011 | 2011-09-30 | 0.94 | −0.19 | −16.72% |
| Q2 2011 | 2011-06-30 | 0.97 | −0.32 | −24.96% |
| Q1 2011 | 2011-03-31 | 0.93 | −0.43 | −31.60% |
| Q4 2010 | 2010-12-31 | 1.07 | −0.24 | −18.21% |
| Q3 2010 | 2010-09-30 | 1.13 | −0.32 | −22.20% |
| Q2 2010 | 2010-06-30 | 1.29 | −0.23 | −15.10% |
| Q1 2010 | 2010-03-31 | 1.37 | — | — |
| Q4 2009 | 2009-12-31 | 1.31 | −0.16 | −10.81% |
| Q3 2009 | 2009-09-30 | 1.45 | — | — |
| Q2 2009 | 2009-06-30 | 1.52 | — | — |
| Q4 2008 | 2008-12-31 | 1.47 | — | — |
Philip Morris International current ratio trends
Over the last five fiscal years, Philip Morris International's current ratio decreased from 1.10 to 0.96, a change of −0.14. The latest reported quarter, Q2 2026, shows 0.98.
What the current ratio means
The current ratio compares short-term assets with obligations due within roughly one year. A higher ratio generally indicates more short-term balance-sheet coverage, but normal levels vary by industry and business model.
How the current ratio is calculated
TickerStat calculates the current ratio as SEC-reported current assets divided by SEC-reported current liabilities for the same balance-sheet date. Periods without a positive current-liability value are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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