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Altria Group MO Debt-to-assets

Debt-to-assets at other companies

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Philip Morris InternationalPM
0.8×0.0×

Other financials

Income statement

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Revenue$5.4B+3.2%
Gross profit$4.2B+4.7%
Operating income$3.0B+65.3%
Net income$2.2B+103%
EPS (diluted)$1.30+106%

Balance sheet

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Cash & equivalents$3.6B-25.3%
Total debt$24.1B+2.7%
Total equity-$3.2B+8.5%
Total assets$34.6B-3.3%

Cash flow

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Operating cash flow$2.3B-14.6%
CapEx$93.0M+145%
Free cash flow$2.2B-16.8%

Valuation

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Market cap$115.42B+8.7%
Enterprise value$135.93B+8.9%
P/E14.3×+3.9×
P/S4.9×+0.4×

Profitability

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Gross margin76.2%+1.1pp
Operating margin47.2%+3.5pp
Net margin34.3%-8.7pp
FCF margin36.8%+0.7pp

Returns & leverage

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Return on equity101.6%
Debt / equity8.7×
Current ratio0.6×0.0×

Where this comes from

Calculated from Altria Group’s reported figures.

Based on the most recent quarter.

The official record: Altria Group’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Altria Group's debt-to-assets?
Altria Group (MO) reported debt-to-assets of 0.7× in Q1 2026.
How has Altria Group's debt-to-assets changed year-over-year?
Altria Group's debt-to-assets increased by 6.2% year-over-year, from 0.7× to 0.7×.
What is the long-term trend for Altria Group's debt-to-assets?
Over 5 years (2020 to 2025), Altria Group's debt-to-assets has grown at a 3.2% compound annual growth rate (CAGR), from 0.6× to 0.7×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.