Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 71.94% is in line with its 5-year average of 72.88%, around the middle of its 5-year range (66.85%–77.41%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.18% below its 12-month average of 73.54%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
71.94%
DEBT TO ASSETS RATIO AVG TTM
73.54%
DEBT TO ASSETS RATIO AVG 3Y
74.61%
DEBT TO ASSETS RATIO AVG 5Y
72.88%
DEBT TO ASSETS RATIO AVG 10Y
75.66%
DEBT TO ASSETS RATIO AVG 15Y
75.68%
DEBT TO ASSETS RATIO AVG 20Y
69.64%
CURRENT VS TTM AVG
-2.18%
CURRENT VS 3Y AVG
-3.58%
CURRENT VS 5Y AVG
-1.29%
CURRENT VS 10Y AVG
-4.92%
CURRENT VS 15Y AVG
-4.94%
CURRENT VS 20Y AVG
+3.31%
SECTOR MEDIAN · CONSUMER DEFENSIVE
0.39%
median of 44 covered companies
CURRENT VS SECTOR MEDIAN
+18345.72%
vs the sector median at left
Philip Morris International Inc.
Market Cap
$290.17B
Debt to Assets Ratio
71.94%
TTM Avg
73.54%
3Y Avg
74.61%
5Y Avg
72.88%
Market Cap
$343.17B
Debt to Assets Ratio
0.28%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$418.84B
Debt to Assets Ratio
0.10%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$156.51B
Debt to Assets Ratio
0.33%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$88.84B
Debt to Assets Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$78.21B
Debt to Assets Ratio
0.31%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Philip Morris International Inc. (PM) | $290.17B | 71.94% | 73.54% | 74.61% | 72.88% |
| The Procter & Gamble Company (PG)vs › | $343.17B | 0.28% | N/A | N/A | N/A |
| The Coca-Cola Company (KO)vs › | $370.75B | 0.40% | N/A | N/A | N/A |
| PepsiCo, Inc. (PEP)vs › | $186.99B | 0.47% | N/A | N/A | N/A |
| Costco Wholesale Corporation (COST)vs › | $418.84B | 0.10% | N/A | N/A | N/A |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $156.51B | 0.33% | N/A | N/A | N/A |
| Altria Group, Inc. (MO)vs › | $108.45B | 0.74% | N/A | N/A | N/A |
| Monster Beverage Corporation (MNST)vs › | $88.84B | N/A | N/A | N/A | N/A |
| Mondelez International, Inc. (MDLZ)vs › | $78.21B | 0.31% | N/A | N/A | N/A |
| Colgate-Palmolive Company (CL)vs › | $73.90B | 0.47% | N/A | N/A | N/A |
Debt/Assets
71.9%
Debt/Equity
-5.72
Current Ratio
0.98
Interest Coverage
9.4x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-06-30 | 71.94% |
| 2026-03-31 | 75.38% |
| 2025-12-31 | 70.59% |
| 2025-09-30 | 74.68% |
| 2025-06-30 | 75.12% |
| 2025-03-31 | 76.18% |
| 2024-12-31 | 73.96% |
| 2024-09-30 | 73.58% |
| 2024-06-30 | 74.70% |
| 2024-03-31 | 77.14% |
| 2023-12-31 | 73.36% |
| 2023-09-30 | 75.83% |
| 2023-06-30 | 77.41% |
| 2023-03-31 | 75.93% |
| 2022-12-31 | 69.91% |
| 2022-09-30 | 66.85% |
| 2022-06-30 | 68.49% |
| 2022-03-31 | 70.34% |
| 2021-12-31 | 67.34% |
| 2021-09-30 | 69.98% |
| 2021-06-30 | 71.67% |
| 2021-03-31 | 73.86% |
| 2020-12-31 | 70.37% |
| 2020-09-30 | 75.37% |
| 2020-06-30 | 75.65% |
| 2020-03-31 | 75.67% |
| 2019-12-31 | 72.41% |
| 2019-09-30 | 76.81% |
| 2019-06-30 | 74.87% |
| 2019-03-31 | 79.55% |
| 2018-12-31 | 79.79% |
| 2018-09-30 | 80.67% |
| 2018-06-30 | 77.76% |
| 2018-03-31 | 80.91% |
| 2017-12-31 | 79.92% |
| 2017-09-30 | 80.99% |
| 2017-06-30 | 82.12% |
| 2017-03-31 | 85.58% |
| 2016-12-31 | 78.88% |
| 2016-09-30 | 84.57% |
| 2016-06-30 | 86.11% |
| 2016-03-31 | 86.05% |
| 2015-12-31 | 83.87% |
| 2015-09-30 | 90.30% |
| 2015-06-30 | 89.27% |
| 2015-03-31 | 91.97% |
| 2014-12-31 | 83.71% |
| 2014-09-30 | 81.48% |
| 2014-06-30 | 81.24% |
| 2014-03-31 | 82.13% |
| 2013-12-31 | 72.52% |
| 2013-09-30 | 72.84% |
| 2013-06-30 | 68.66% |
| 2013-03-31 | 68.41% |
| 2012-12-31 | 60.63% |
| 2012-09-30 | 58.57% |
| 2012-06-30 | 58.11% |
| 2012-03-31 | 57.26% |
| 2011-12-31 | 52.26% |
| 2011-09-30 | 49.03% |
| 2011-06-30 | 45.99% |
| 2011-03-31 | 47.40% |
| 2010-12-31 | 47.08% |
| 2010-09-30 | 47.31% |
| 2010-06-30 | 45.71% |
| 2010-03-31 | 46.85% |
| 2009-12-31 | 44.62% |
| 2009-09-30 | 42.28% |
| 2009-06-30 | 42.48% |
| 2009-03-31 | 45.72% |
| 2008-12-31 | 36.28% |
| 2008-09-30 | 31.57% |
| 2008-06-30 | 24.25% |
| 2008-03-31 | 23.91% |
| 2007-12-31 | 19.68% |
| 2006-12-31 | 10.67% |
| 2001-09-30 | 8.02% |
| 2001-08-01 | 0.00% |
