: -7.41 (As of Dec. 2023)
Altria Group's for the quarter that ended in Dec. 2023 was $1,121 Mil. Altria Group's for the quarter that ended in Dec. 2023 was $25,112 Mil. Altria Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-3,540 Mil. Altria Group's debt to equity for the quarter that ended in Dec. 2023 was -7.41.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Altria Group's Debt-to-Equity or its related term are showing as below:
MO' s Debt-to-Equity Range Over the Past 10 Years
Min: -17.46 Med: 1.41 Max: 10.38
Current: -7.41
During the past 13 years, the highest Debt-to-Equity Ratio of Altria Group was 10.38. The lowest was -17.46. And the median was 1.41.
MO's Debt-to-Equity is not ranked
in the Tobacco Products industry.
Industry Median: 0.42 vs MO: -7.41
Altria Group Debt-to-Equity Historical Data
The historical data trend for Altria Group's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
| Altria Group Annual Data | |||||||||||
| Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |
| Debt-to-Equity | 4.51 | 10.38 | -17.46 | -6.72 | -7.41 | ||||||
| Altria Group Quarterly Data | ||||||||||||||||||||
| Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
| Debt-to-Equity | -6.72 | -6.55 | -7.11 | -7.37 | -7.41 | |||||||||||||||
Competitive Comparison
For the Tobacco subindustry, Altria Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Altria Group Debt-to-Equity Distribution
For the Tobacco Products industry and Consumer Defensive sector, Altria Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Altria Group's Debt-to-Equity falls into.
Altria Group Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Altria Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
| Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
| = | ( | + | ) | / | Total Stockholders Equity | |
| = | (1121 | + | 25112) | / | -3540 | |
| = | -7.41 |
Altria Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as
| Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
| = | ( | + | ) | / | Total Stockholders Equity | |
| = | (1121 | + | 25112) | / | -3540 | |
| = | -7.41 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Altria Group(NYSE:MO) Debt-to-Equity Explanation
In the calculation of Debt to Equity, we use the total of and divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.
Be Aware
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Altria Group Debt-to-Equity Related Terms
Thank you for viewing the detailed overview of Altria Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Altria Group (NYSE:MO) Business Description
Industry
GURUFOCUS.COM »STOCK LIST »Consumer Defensive » Tobacco Products » Altria Group Inc (NYSE:MO) » Definitions » Debt-to-Equity
Comparable Companies
PM VGR UVV ISPR TPB PYYX CHUC VPRB HPCO XXII LSE:BATS NSE:ITC TSE:2914 LSE:IMB XKRX:033780 ISX:HMSP HKSE:06969 DHA:BATBC XZIM:BAT.ZW ISX:GGRM
Traded in Other Exchanges
MO:Mexico 1MO:Italy PHM7d:UK 0R31:UK PHM7:Germany PHM7:Germany PHM7:Germany PHM7:Germany MO:Chile MOOO34:Brazil ALTR:Austria MO:Argentina
Address
6601 West Broad Street, Richmond, VA, USA, 23230
Website
Altria comprises Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Horizon Innovations and Helix Innovations. It holds a 10% interest in the world's largest brewer, Anheuser-Busch InBev. Through its tobacco subsidiaries, Altria holds the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company's Marlboro brand is the leading cigarette brand in the U.S. with a 42% annual share in 2022. Altria holds a 42% stake in cannabis manufacturer Cronos, has acquired Njoy Holdings in 2023, and recently exited its strategic investment in Juul Labs.
Executives
| Clarke Ian L.t. | director | 6601 W BROAD ST, RICHMOND VA 23230 |
| Robert Matthew Davis | director | 6601 W. BROAD STREET, RICHMOND VA 23230 |
| Jacinto J Hernandez | director | 777 HIDDEN RIDGE, IRVING TX 75038 |
| Mario Max Yzaguirre | director | 1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248 |
| Marjorie Mary Connelly | director | 2580 PALMER DR, KESWICK VA 22947 |
| Ellen R Strahlman | director | ALTRIA GROUP, INC., 6601 W. BROAD STREET, RICHMOND VA 23230 |
| Nabil Y Sakkab | director | 6601 WEST BROAD STREET, RICHMOND VA 23230 |
| Virginia E Shanks | director | 4170 CAUGHLIN PARKWAY, RENO NV 89519 |
| Casteen John T Iii | director | 301 S. COLLEGE STREET, 30TH FLOOR, NC0630, CHARLOTTE NC 28288-0630 |
| Kathryn B. Mcquade | director | 6601 WEST BROAD STREET, RICHMOND VA 23230 |
| Kiely W Leo Iii | director | |
| Mark Newman | director | 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532 |
| Kelly Ennis Debra J | director | 4405 A INTERNATIONAL BLVD, NORCROSS GA 30093 |
| Surgner W Hildebrandt Jr | officer: VP, Corp. Sec'y & Assoc. GC | 6601 WEST BROAD STREET, RICHMOND VA 23230 |
| Daniel J Bryant | officer: Vice President & Treasurer | 6601 WEST BROAD STREET, RICHMOND VA 23230 |
Altria Group (NYSE:MO) Headlines
From GuruFocus
Q3 2020 Altria Group Inc Earnings Call Transcript
By 01-23-2024
Altria Group Inc To Acquire NJOY Holdings Inc Transcript
By 01-23-2024
Altria Group Inc Annual Shareholders Meeting Transcript
By 01-23-2024
Q1 2022 Altria Group Inc Earnings Call Transcript
By 01-23-2024
Q4 2018 Altria Group Inc Earnings Call Transcript
By 01-23-2024
Q3 2022 Altria Group Inc Earnings Call Transcript
By 01-23-2024
Q2 2022 Altria Group Inc Earnings Call Transcript
By 01-23-2024
Q2 2019 Altria Group Inc Earnings Call Transcript
By 01-23-2024
Q4 2021 Altria Group Inc Earnings Call Transcript
By 01-23-2024
Altria Group Inc at Consumer Analyst Group of New York (CAGNY) Virtual Conference - Pre-Recorded Presentation Transcript
By 01-23-2024
