Philip Morris International Inc (PM) — Working Capital to Net Assets Ratio
Philip Morris International Inc (PM) has a Working Capital to Net Assets ratio of 8.1% as of June 2026. Working capital of $-536.00 Million (current assets of $26.01 Billion minus current liabilities of $26.54 Billion) is measured against net assets of $-6.66 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Philip Morris International Inc defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Philip Morris International Inc Working Capital to Net Assets (2004–2025)
This chart shows how Philip Morris International Inc's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of June 2026, the ratio stands at 8.1%, reflecting working capital of $-536.00 Million against net assets of $-6.66 Billion USD. For the complete balance sheet picture, see PM total assets.
Annual Working Capital to Net Assets for Philip Morris International Inc (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Philip Morris International Inc from 2004 to 2025, covering 22 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check Philip Morris International Inc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 13.3% | $-1.06 Billion | $-8.03 Billion | $24.36 Billion | $25.43 Billion | ▼ -14.6 pp |
| 2024 | 27.8% | $-2.75 Billion | $-9.87 Billion | $20.17 Billion | $22.91 Billion | ▼ -42.4 pp |
| 2023 | 70.2% | $-6.63 Billion | $-9.45 Billion | $19.75 Billion | $26.38 Billion | ▼ -52.1 pp |
| 2022 | 122.3% | $-7.72 Billion | $-6.31 Billion | $19.62 Billion | $27.34 Billion | ▲ +165.5 pp |
| 2021 | -43.2% | $3.54 Billion | $-8.21 Billion | $4.50 Billion | $951.00 Million | ▼ -25.5 pp |
| 2020 | -17.7% | $1.88 Billion | $-10.63 Billion | $21.49 Billion | $19.61 Billion | ▼ -0.1 pp |
| 2019 | -17.5% | $1.68 Billion | $-9.60 Billion | $20.51 Billion | $18.83 Billion | ▲ +3.4 pp |
| 2018 | -21.0% | $2.25 Billion | $-10.74 Billion | $19.44 Billion | $17.19 Billion | ▲ +34.1 pp |
| 2017 | -55.1% | $5.63 Billion | $-10.23 Billion | $21.59 Billion | $15.96 Billion | ▼ -44.6 pp |
| 2016 | -10.5% | $1.14 Billion | $-10.90 Billion | $17.61 Billion | $16.47 Billion | ▼ -6.8 pp |
| 2015 | -3.6% | $418.00 Million | $-11.48 Billion | $15.80 Billion | $15.39 Billion | ▼ -0.3 pp |
| 2014 | -3.3% | $372.00 Million | $-11.20 Billion | $15.48 Billion | $15.11 Billion | ▼ -6.7 pp |
| 2013 | 3.4% | $-214.00 Million | $-6.27 Billion | $16.85 Billion | $17.07 Billion | ▼ -19.6 pp |
| 2012 | 23.0% | $-426.00 Million | $-1.85 Billion | $16.59 Billion | $17.02 Billion | ▲ +19.3 pp |
| 2011 | 3.7% | $65.00 Million | $1.76 Billion | $14.86 Billion | $14.79 Billion | ▼ -14.9 pp |
| 2010 | 18.6% | $952.00 Million | $5.12 Billion | $13.76 Billion | $12.80 Billion | ▼ -38.4 pp |
| 2009 | 57.0% | $3.50 Billion | $6.14 Billion | $14.68 Billion | $11.18 Billion | ▼ -6.9 pp |
| 2008 | 63.9% | $4.79 Billion | $7.50 Billion | $14.94 Billion | $10.14 Billion | ▲ +21.7 pp |
| 2007 | 42.2% | $6.50 Billion | $15.40 Billion | $15.05 Billion | $8.55 Billion | ▲ +7.6 pp |
| 2006 | 34.6% | $4.94 Billion | $14.27 Billion | $11.93 Billion | $6.99 Billion | ▼ -1.2 pp |
| 2005 | 35.8% | $3.69 Billion | $10.31 Billion | $10.03 Billion | $6.33 Billion | ▼ -23.2 pp |
| 2004 | 59.0% | $7.68 Billion | $13.03 Billion | $13.45 Billion | $5.77 Billion | — |