Philip Morris International Inc (PM) — Cash Flow-to-Debt Ratio
Philip Morris International Inc (PM) has a Cash Flow-to-Debt Ratio of 0.07x as of June 2026, meaning its operating cash flow of $5.49 Billion could theoretically repay 0% of its total liabilities ($74.93 Billion) in one year. See Philip Morris International Inc (PM) financial flexibility to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Philip Morris International Inc Cash Flow-to-Debt Ratio (2003–2025)
Historical debt coverage capacity for Philip Morris International Inc across 22 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Philip Morris International Inc.
Annual Cash Flow-to-Debt Ratio for Philip Morris International Inc (2003–2025)
Year-by-year debt coverage analysis for Philip Morris International Inc. Check Philip Morris International Inc (PM) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.16x | $12.23 Billion | $77.21 Billion | ▼ -7.1% |
| 2024 | 0.17x | $12.22 Billion | $71.65 Billion | ▲ +38.5% |
| 2023 | 0.12x | $9.20 Billion | $74.75 Billion | ▼ -22.5% |
| 2022 | 0.16x | $10.80 Billion | $67.99 Billion | ▼ -34.3% |
| 2021 | 0.24x | $11.97 Billion | $49.50 Billion | ▲ +36.6% |
| 2020 | 0.18x | $9.81 Billion | $55.45 Billion | ▼ -8.0% |
| 2019 | 0.19x | $10.09 Billion | $52.47 Billion | ▲ +2.5% |
| 2018 | 0.19x | $9.48 Billion | $50.54 Billion | ▲ +11.9% |
| 2017 | 0.17x | $8.91 Billion | $53.20 Billion | ▼ -1.0% |
| 2016 | 0.17x | $8.08 Billion | $47.75 Billion | ▼ -2.3% |
| 2015 | 0.17x | $7.87 Billion | $45.43 Billion | ▲ +3.8% |
| 2014 | 0.17x | $7.74 Billion | $46.39 Billion | ▼ -26.8% |
| 2013 | 0.23x | $10.13 Billion | $44.44 Billion | ▼ -4.3% |
| 2012 | 0.24x | $9.42 Billion | $39.52 Billion | ▼ -23.6% |
| 2011 | 0.31x | $10.53 Billion | $33.73 Billion | ▼ -1.0% |
| 2010 | 0.32x | $9.44 Billion | $29.93 Billion | ▲ +13.6% |
| 2009 | 0.28x | $7.88 Billion | $28.41 Billion | ▼ -10.9% |
| 2008 | 0.31x | $7.93 Billion | $25.47 Billion | ▼ -7.2% |
| 2007 | 0.34x | $5.59 Billion | $16.64 Billion | ▼ -36.2% |
| 2006 | 0.53x | $6.24 Billion | $11.85 Billion | ▲ +30.8% |
| 2005 | 0.40x | $5.16 Billion | $12.83 Billion | ▼ -38.0% |
| 2003 | 0.65x | $4.63 Billion | $7.14 Billion | — |