Philip Morris International annual debt-to-assets ratio
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2025
Philip Morris International Debt-to-Assets Ratio Growth & History (PM)
Philip Morris International's debt-to-assets ratio was 0.72 for fiscal 2025.
View full Philip Morris International company overviewPhilip Morris International annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.72 | −0.03 | −4.39% |
| 2024 | 2024-12-31 | 0.75 | 0.01 | +0.77% |
| 2023 | 2023-12-31 | 0.74 | 0.03 | +4.87% |
| 2022 | 2022-12-31 | 0.71 | 0.02 | +3.30% |
| 2021 | 2021-12-31 | 0.69 | −0.03 | −4.59% |
| 2020 | 2020-12-31 | 0.72 | −0.02 | −3.02% |
| 2019 | 2019-12-31 | 0.74 | −0.06 | −7.03% |
| 2018 | 2018-12-31 | 0.80 | −0.00 | −0.15% |
| 2017 | 2017-12-31 | 0.80 | 0.01 | +1.32% |
| 2016 | 2016-12-31 | 0.79 | −0.05 | −5.96% |
| 2015 | 2015-12-31 | 0.84 | 0.00 | +0.20% |
| 2014 | 2014-12-31 | 0.84 | 0.11 | +15.44% |
| 2013 | 2013-12-31 | 0.73 | 0.19 | +36.19% |
| 2012 | 2012-12-31 | 0.53 | 0.01 | +1.43% |
| 2011 | 2011-12-31 | 0.52 | 0.05 | +10.58% |
| 2010 | 2010-12-31 | 0.47 | 0.02 | +5.00% |
| 2009 | 2009-12-31 | 0.45 | 0.09 | +24.63% |
| 2008 | 2008-12-31 | 0.36 | — | — |
Philip Morris International quarterly debt-to-assets ratio
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Q2.09
Q3.09
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Q1.10
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Q1.11
Q2.11
Q3.11
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Q2.16
Q3.16
Q4.16
Q1.17
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Q4.17
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Q3.18
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Q1.20
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Q4.22
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Q3.23
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Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.72 | −0.03 | −4.24% |
| Q1 2026 | 2026-03-31 | 0.75 | −0.01 | −1.05% |
| Q4 2025 | 2025-12-31 | 0.72 | −0.03 | −4.39% |
| Q3 2025 | 2025-09-30 | 0.75 | 0.01 | +1.49% |
| Q2 2025 | 2025-06-30 | 0.75 | 0.00 | +0.56% |
| Q1 2025 | 2025-03-31 | 0.76 | −0.01 | −1.25% |
| Q4 2024 | 2024-12-31 | 0.75 | 0.01 | +0.77% |
| Q3 2024 | 2024-09-30 | 0.74 | −0.02 | −2.96% |
| Q2 2024 | 2024-06-30 | 0.75 | −0.03 | −3.50% |
| Q1 2024 | 2024-03-31 | 0.77 | 0.01 | +1.60% |
| Q4 2023 | 2023-12-31 | 0.74 | 0.03 | +4.87% |
| Q3 2023 | 2023-09-30 | 0.76 | 0.09 | +13.42% |
| Q2 2023 | 2023-06-30 | 0.77 | 0.09 | +13.03% |
| Q1 2023 | 2023-03-31 | 0.76 | 0.06 | +7.94% |
| Q4 2022 | 2022-12-31 | 0.71 | 0.02 | +3.30% |
| Q3 2022 | 2022-09-30 | 0.67 | −0.03 | −4.47% |
| Q2 2022 | 2022-06-30 | 0.68 | −0.03 | −4.44% |
| Q1 2022 | 2022-03-31 | 0.70 | −0.04 | −4.76% |
| Q4 2021 | 2021-12-31 | 0.69 | −0.03 | −4.59% |
| Q3 2021 | 2021-09-30 | 0.70 | −0.05 | −7.14% |
| Q2 2021 | 2021-06-30 | 0.72 | −0.04 | −5.27% |
| Q1 2021 | 2021-03-31 | 0.74 | −0.02 | −2.39% |
| Q4 2020 | 2020-12-31 | 0.72 | −0.02 | −3.02% |
| Q3 2020 | 2020-09-30 | 0.75 | −0.03 | −4.03% |
| Q2 2020 | 2020-06-30 | 0.76 | −0.01 | −1.29% |
| Q1 2020 | 2020-03-31 | 0.76 | −0.06 | −7.06% |
| Q4 2019 | 2019-12-31 | 0.74 | −0.06 | −7.03% |
| Q3 2019 | 2019-09-30 | 0.79 | −0.02 | −2.64% |
| Q2 2019 | 2019-06-30 | 0.77 | −0.01 | −1.44% |
| Q1 2019 | 2019-03-31 | 0.81 | 0.00 | +0.62% |
| Q4 2018 | 2018-12-31 | 0.80 | −0.00 | −0.15% |
| Q3 2018 | 2018-09-30 | 0.81 | −0.00 | −0.40% |
| Q2 2018 | 2018-06-30 | 0.78 | −0.04 | −5.31% |
| Q1 2018 | 2018-03-31 | 0.81 | −0.05 | −5.46% |
| Q4 2017 | 2017-12-31 | 0.80 | 0.01 | +1.32% |
| Q3 2017 | 2017-09-30 | 0.81 | −0.04 | −4.23% |
| Q2 2017 | 2017-06-30 | 0.82 | −0.04 | −4.64% |
| Q1 2017 | 2017-03-31 | 0.86 | −0.00 | −0.55% |
| Q4 2016 | 2016-12-31 | 0.79 | −0.05 | −5.96% |
| Q3 2016 | 2016-09-30 | 0.85 | −0.06 | −6.35% |
| Q2 2016 | 2016-06-30 | 0.86 | −0.03 | −3.53% |
| Q1 2016 | 2016-03-31 | 0.86 | −0.06 | −6.43% |
| Q4 2015 | 2015-12-31 | 0.84 | 0.00 | +0.20% |
| Q3 2015 | 2015-09-30 | 0.90 | 0.09 | +10.84% |
| Q2 2015 | 2015-06-30 | 0.89 | 0.09 | +11.42% |
| Q1 2015 | 2015-03-31 | 0.92 | 0.11 | +13.54% |
| Q4 2014 | 2014-12-31 | 0.84 | 0.11 | +15.44% |
| Q3 2014 | 2014-09-30 | 0.81 | 0.12 | +17.36% |
| Q2 2014 | 2014-06-30 | 0.80 | 0.15 | +22.74% |
| Q1 2014 | 2014-03-31 | 0.81 | 0.21 | +35.71% |
| Q4 2013 | 2013-12-31 | 0.73 | 0.19 | +36.19% |
| Q3 2013 | 2013-09-30 | 0.69 | 0.18 | +35.27% |
| Q2 2013 | 2013-06-30 | 0.65 | 0.16 | +33.39% |
| Q1 2013 | 2013-03-31 | 0.60 | 0.02 | +3.89% |
| Q4 2012 | 2012-12-31 | 0.53 | 0.01 | +1.43% |
| Q3 2012 | 2012-09-30 | 0.51 | 0.02 | +4.10% |
| Q2 2012 | 2012-06-30 | 0.49 | 0.03 | +5.72% |
| Q1 2012 | 2012-03-31 | 0.57 | 0.10 | +20.35% |
| Q4 2011 | 2011-12-31 | 0.52 | 0.05 | +10.58% |
| Q3 2011 | 2011-09-30 | 0.49 | 0.02 | +3.30% |
| Q2 2011 | 2011-06-30 | 0.46 | 0.00 | +0.19% |
| Q1 2011 | 2011-03-31 | 0.48 | 0.01 | +1.90% |
| Q4 2010 | 2010-12-31 | 0.47 | 0.02 | +5.00% |
| Q3 2010 | 2010-09-30 | 0.48 | 0.05 | +12.87% |
| Q2 2010 | 2010-06-30 | 0.46 | 0.04 | +8.74% |
| Q1 2010 | 2010-03-31 | 0.47 | — | — |
| Q4 2009 | 2009-12-31 | 0.45 | 0.09 | +24.63% |
| Q3 2009 | 2009-09-30 | 0.42 | — | — |
| Q2 2009 | 2009-06-30 | 0.42 | — | — |
| Q4 2008 | 2008-12-31 | 0.36 | — | — |
Philip Morris International debt-to-assets ratio trends
Over the last five fiscal years, Philip Morris International's debt-to-assets ratio decreased from 0.72 to 0.72, a change of −0.00. The latest reported quarter, Q2 2026, shows 0.72.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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