Philip Morris International (PM) Debt Ratio (2009 - 2026)
Philip Morris International's (PM) Debt Ratio stood at 0.71 in Q3 2026, down 4.6% from 0.75 a year earlier and down 0.9% from the prior quarter.
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Analysis
Philip Morris International (PM) Debt Ratio (2009 - 2026) Analysis & Trends
On a TTM basis, Philip Morris International's Debt Ratio came in at 2.96 as of Sep 30, 2026, up 0.8% year-over-year.
- Across earlier years, Debt Ratio came in at 0.74 in FY2024 (+0.8%), 0.73 in FY2023 (+4.9%), 0.70 in FY2022 (+3.8%) and 0.67 in FY2021 (-4.3%).
- Quarterly Debt Ratio has ranged from 0.67 in Q3 2022 to 0.77 in Q2 2023 over the past five years.
- On a year-over-year basis, Debt Ratio has declined for four consecutive quarters, with an average decline of 1.6% over the last eight quarters.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 13.4% in Q3 2023, against a decline of 4.8% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.72 (Q2 2026), 0.75 (Q1 2026) and 0.71 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.04 Bn | 279.04 Bn | 7.85 Bn | 0.71 |
| 2 | British American Tobacco p.l.c | 131.52 Bn | 107.88 Bn | - | 0.32 |
| 3 | Altria | 126.46 Bn | 113.39 Bn | 3.94 Bn | 0.70 |
| 4 | Curaleaf Holdings | 2.38 Bn | 2.00 Bn | 170.48 Mn | 0.23 |
| 5 | Trulieve Cannabis | 2.12 Bn | 734.90 Mn | 162.29 Mn | 0.09 |
| 6 | RLX Technology | 1.95 Bn | -1.82 Bn | 52.74 Mn | 0.01 |
| 7 | Green Thumb Industries | 1.43 Bn | 198.72 Mn | 146.79 Mn | 0.19 |
| 8 | Cronos | 1.33 Bn | -1.95 Bn | 28.45 Mn | - |
| 9 | Turning Point Brands | 1.25 Bn | 361.97 Mn | 93.70 Mn | 0.34 |
| 10 | Tilray Brands | 380.69 Mn | -586.82 Mn | 77.51 Mn | 0.09 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.71 |
| Jun 30, 2026 | 0.72 |
| Mar 31, 2026 | 0.75 |
| Dec 31, 2025 | 0.71 |
| Sep 30, 2025 | 0.75 |
| Jun 30, 2025 | 0.75 |
| Mar 31, 2025 | 0.76 |
| Dec 31, 2024 | 0.74 |
| Sep 30, 2024 | 0.74 |
| Jun 30, 2024 | 0.75 |
| Mar 31, 2024 | 0.77 |
| Dec 31, 2023 | 0.73 |
| Sep 30, 2023 | 0.76 |
| Jun 30, 2023 | 0.77 |
| Mar 31, 2023 | 0.76 |
| Dec 31, 2022 | 0.70 |
| Sep 30, 2022 | 0.67 |
| Jun 30, 2022 | 0.68 |
| Mar 31, 2022 | 0.70 |
| Dec 31, 2021 | 0.67 |
API Access
Philip Morris International Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=PM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "PM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=PM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();