Philip Morris International Inc. logo
PMPhilip Morris International Inc.

Interest Coverage Ratio: 16.43x

popular:market cap|pe ratio|revenue|price history|total return

Is the interest coverage ratio high or low?

The interest coverage ratio of 16.43x is in line with its 5-year average of 14.94x, around the middle of its 5-year range (3.45x–24.25x).

As of Sunday, June 28, 2026. 22.15% above its 12-month average of 13.45x.

Interest Expense|Total Debt|Debt/Equity|Operating Margin|All Metrics
Interest Coverage

PM Interest Coverage Ratio

16.43x

Reported quarterly interest coverage; no daily interpolation.

-15.48% 5Y
PM Interest Coverage Ratio

PM Average Interest Coverage Ratio Chart

PM Interest Coverage Ratio

PM Current vs Average Interest Coverage Ratio Chart

PM Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

16.43x

INTEREST COVERAGE RATIO AVG TTM

13.45x

INTEREST COVERAGE RATIO AVG 3Y

11.39x

INTEREST COVERAGE RATIO AVG 5Y

14.94x

INTEREST COVERAGE RATIO AVG 10Y

15.36x

INTEREST COVERAGE RATIO AVG 15Y

14.22x

INTEREST COVERAGE RATIO AVG 20Y

14.11x

CURRENT VS TTM AVG

+22.15%

CURRENT VS 3Y AVG

+44.28%

CURRENT VS 5Y AVG

+9.92%

CURRENT VS 10Y AVG

+6.92%

CURRENT VS 15Y AVG

+15.48%

CURRENT VS 20Y AVG

+16.38%

PM Competitors' Interest Coverage Ratio

NAMEMARKET CAPINTEREST COVERAGE RATIOTTM3Y5Y
Philip Morris International Inc. (PM)$281.74B16.43x13.45x11.39x14.94x
The Procter & Gamble Company (PG)vs ›$346.84B22.55x21.30x26.79x29.46x
The Coca-Cola Company (KO)vs ›$355.51B8.32x7.18x8.53x7.81x
PepsiCo, Inc. (PEP)vs ›$193.27B12.03x13.02x13.23x11.31x
Anheuser-Busch InBev SA/NV (BUD)vs ›$164.54B4.05x3.76x3.40x3.13x
Costco Wholesale Corporation (COST)vs ›$422.43B67.42x61.18x57.69x52.32x
Altria Group, Inc. (MO)vs ›$123.22B12.80x11.40x10.86x10.34x
Monster Beverage Corporation (MNST)vs ›$94.26B366.57x217.88x217.88x217.88x
Mondelez International, Inc. (MDLZ)vs ›$78.03B6.04x9.27x9.20x9.78x
Colgate-Palmolive Company (CL)vs ›$73.67B16.28x15.64x16.79x20.80x

Financial Health Indicators

Interest Coverage

16.4x

Debt/Equity

-4.89

Current Ratio

0.96

Formula: Interest Coverage = EBIT / Interest Expense

Reference ranges:

  • < 1.5x: EBIT is less than 1.5 times interest expense
  • 1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
  • 3x - 5x: EBIT is between 3 and 5 times interest expense
  • > 5x: EBIT is more than 5 times interest expense

Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.

Interest Coverage Ratio Formula & Definition

Interest Coverage = EBIT / Interest Expense

The interest coverage ratio measures operating earnings relative to interest expense.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Interest Coverage Ratio FAQ

What is the interest coverage ratio for Philip Morris International Inc. (PM)?
The interest coverage ratio for PM stock is 16.43x.
Is Philip Morris International Inc.'s interest coverage ratio high or low?
The interest coverage ratio of 16.43x is in line with its 5-year average of 14.94x, around the middle of its 5-year range (3.45x–24.25x).
What is the TTM average interest coverage ratio for Philip Morris International Inc. (PM)?
The TTM average interest coverage ratio for PM stock is 13.45x.
What is the 3Y average interest coverage ratio for Philip Morris International Inc. (PM)?
The 3Y average interest coverage ratio for PM stock is 11.39x.
What is the 5Y average interest coverage ratio for Philip Morris International Inc. (PM)?
The 5Y average interest coverage ratio for PM stock is 14.94x.
What is the 10Y average interest coverage ratio for Philip Morris International Inc. (PM)?
The 10Y average interest coverage ratio for PM stock is 15.36x.
What is the 15Y average interest coverage ratio for Philip Morris International Inc. (PM)?
The 15Y average interest coverage ratio for PM stock is 14.22x.
What is the 20Y average interest coverage ratio for Philip Morris International Inc. (PM)?
The 20Y average interest coverage ratio for PM stock is 14.11x.

PM Interest Coverage Ratio History

DATEINTEREST COVERAGE RATIO
2026-03-3116.43x
2025-12-314.02x
2025-09-3018.53x
2025-06-3013.55x
2025-03-3114.71x
2024-12-313.45x
2024-09-3019.33x
2024-06-3010.47x
2024-03-3110.18x
2023-12-313.91x
2023-09-3012.91x
2023-06-308.64x
2023-03-3111.87x
2022-12-3117.20x
2022-09-3021.51x
2022-06-3024.25x
2022-03-3121.42x
2021-12-3120.27x
2021-09-3022.44x
2021-06-3019.43x
2021-03-3119.30x
2020-12-3117.71x
2020-09-3019.90x
2020-06-3016.86x
2020-03-3121.62x
2019-12-3118.43x
2019-09-3021.14x
2019-06-3021.27x
2019-03-3113.48x
2018-12-3121.62x
2018-09-3021.72x
2018-06-3018.38x
2018-03-3110.66x
2017-12-3112.81x
2017-09-3013.85x
2017-06-3012.85x
2017-03-3111.03x
2016-12-316.89x
2016-09-3013.53x
2016-06-3012.35x
2016-03-3110.01x
2015-12-315.42x
2015-09-3011.98x
2015-06-3011.17x
2015-03-3110.44x
2014-12-316.65x
2014-09-3012.49x
2014-06-3011.31x
2014-03-3111.10x
2013-12-318.79x
2013-09-3015.06x
2013-06-3013.59x
2013-03-3114.38x
2012-12-318.87x
2012-09-3017.17x
2012-06-3017.24x
2012-03-3115.98x
2011-12-31-32.39x
2011-09-30-0.02x
2011-06-3017.85x
2011-03-3114.12x
2010-12-3112.70x
2010-09-3013.25x
2010-06-3013.03x
2010-03-3112.17x
2009-12-3110.85x
2009-09-3012.90x
2009-06-3012.59x
2009-03-3114.68x
2008-12-3118.25x
2008-09-3041.88x
2008-06-3042.75x
2008-03-3141.84x
2007-12-31156.15x
2007-06-30739.00x
2007-03-31213.10x
2001-09-3022.44x

Related Metrics

Interest ExpenseTotal DebtDebt/EquityOperating MarginAll Metrics

About Philip Morris International Inc.

Philip Morris International Inc. functions as a prominent tobacco enterprise, actively working toward a smoke-free future. The company is strategically diversifying its long-term product range to incorporate items beyond traditional tobacco and nicotine. Its primary business involves both conventional cigarettes and an expanding array of smoke-free alternatives, such as innovative heat-not-burn devices, vapor products, and oral nicotine solutions. These offerings are distributed in markets worldwide, with the exception of the United States. The smoke-free portfolio includes brands like HEETS (encompassing Creations, Dimensions, Marlboro variants), Parliament HeatSticks, and TEREA, in addition to KT&G-licensed brands Fiit and Miix. For conventional cigarettes, the company sells internationally recognized brands such as Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris. Regionally, it also owns major cigarette brands like Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia, and Fortune and Jackpot in the Philippines. PMI's smoke-free innovations are currently available across 71 global markets. Established in 1987, Philip Morris International Inc. is headquartered in New York, New York.

New York City, NY
83,100 employees
www.pmi.com
Consumer Defensive / Tobacco
Sector
Consumer Defensive
Industry
Tobacco
CEO
Jacek Olczak
View full financials