Philip Morris Intl's Debt Overview
Portfolio Pulse from Benzinga Insights
Philip Morris Intl Inc. (NYSE:PM) has seen its shares decrease by 0.95% in the past three months. The company's total debt stands at $47.12 billion, with $40.42 billion in long-term debt and $6.71 billion in current debt. After adjusting for $2.43 billion in cash-equivalents, the net debt is $44.69 billion. The company's debt-ratio is 0.76, indicating a significant portion of debt is funded by assets.
July 12, 2023 | 7:00 pm
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Philip Morris Intl's shares have decreased by 0.95% in the past three months. The company's total debt is $47.12 billion, with a debt-ratio of 0.76.
The decrease in Philip Morris Intl's shares over the past three months could be attributed to its high debt levels. The company's debt-ratio of 0.76 indicates that a significant portion of its debt is funded by assets, which could increase the risk of defaulting on loans if interest rates were to increase. This could negatively impact the company's short-term stock price.
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