80/100B196.280
USD
1.94
(1.00%)
Post Trading·197.300USD+1.020(+0.52%)
Fair value131.34Plus+49%98Price 196.28260
Q4 FY2026 · Earnings report
EPS estimate 1.79Revenue estimate 10.87B
Q4 FY2026 · Earnings report
EPS estimate 1.79Revenue estimate 10.87B
Philip Morris International total debt 2001–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Philip Morris International's total debt was 47.56B USD on 30 September 2026, down 5.0% on a year before. At the end of fiscal year 2025 it was 48.84B USD.
Last updated 7 Nov 2026 · Next report 5 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 47.56B | -5.03% | 6.68B | -40.88B | — |
| FY2025 | 31 Dec 2025 | 48.84B | +6.87% | 4.87B | -43.96B | — |
| FY2024 | 31 Dec 2024 | 45.70B | -4.62% | 4.22B | -41.48B | — |
| FY2023 | 31 Dec 2023 | 47.91B | +11.10% | 3.06B | -44.85B | — |
| FY2022 | 31 Dec 2022 | 43.12B | +55.09% | 3.21B | -39.92B | — |
| FY2021 | 31 Dec 2021 | 27.81B | -11.83% | 4.50B | -23.31B | — |
| FY2020 | 31 Dec 2020 | 31.54B | +1.58% | 7.28B | -24.26B | — |
| FY2019 | 31 Dec 2019 | 31.05B | -2.25% | 6.86B | -24.18B | — |
| FY2018 | 31 Dec 2018 | 31.76B | -7.51% | 6.59B | -25.17B | — |
| FY2017 | 31 Dec 2017 | 34.34B | +18.14% | 8.45B | -25.89B | — |
| FY2016 | 31 Dec 2016 | 29.07B | +2.06% | 4.24B | -24.83B | — |
| FY2015 | 31 Dec 2015 | 28.48B | -3.31% | 3.42B | -25.06B | — |
| FY2014 | 31 Dec 2014 | 29.46B | +6.42% | 1.68B | -27.77B | — |
| FY2013 | 31 Dec 2013 | 27.68B | +21.19% | 2.15B | -25.52B | — |
| FY2012 | 31 Dec 2012 | 22.84B | +23.15% | 2.98B | -19.86B | — |
| FY2011 | 31 Dec 2011 | 18.55B | +12.38% | 2.55B | -16.00B | 80.98 |
| FY2010 | 31 Dec 2010 | 16.50B | +7.04% | 1.70B | -14.80B | 4.71 |
| FY2009 | 31 Dec 2009 | 15.42B | +28.89% | 1.54B | -13.88B | 2.70 |
| FY2008 | 31 Dec 2008 | 11.96B | +89.65% | 1.53B | -10.43B | 1.59 |
| FY2007 | 31 Dec 2007 | 6.31B | +126.38% | 1.66B | -4.65B | 0.41 |
| FY2006 | 31 Dec 2006 | 2.79B | -43.25% | 1.68B | -1.11B | 0.20 |
| FY2005 | 31 Dec 2005 | 4.91B | +574.31% | 1.21B | -3.70B | 0.48 |
| FY2004 | 31 Dec 2004 | 728.00M | — | 5.00B | 4.27B | 0.06 |
| FY2003 | 31 Dec 2003 | 0.00 | -100.00% | 3.16B | 3.16B | 0.00 |
| FY2001 | 31 Dec 2001 | 3.02B | — | 4.50B | 1.47B | — |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 47.56B | -5.03% | 6.68B | -40.88B | — |
| Q2 FY2026 | 30 Jun 2026 | 49.11B | -4.56% | 6.00B | -43.11B | — |
| Q1 FY2026 | 31 Mar 2026 | 51.95B | +4.78% | 5.45B | -46.50B | — |
| Q4 FY2025 | 31 Dec 2025 | 48.84B | +6.87% | 4.87B | -43.96B | — |
| Q3 FY2025 | 30 Sept 2025 | 50.08B | +1.75% | 4.04B | -46.05B | — |
| Q2 FY2025 | 30 Jun 2025 | 51.46B | +4.73% | 4.14B | -47.32B | — |
| Q1 FY2025 | 31 Mar 2025 | 49.58B | -1.60% | 4.44B | -45.14B | — |
| Q4 FY2024 | 31 Dec 2024 | 45.70B | -4.62% | 4.22B | -41.48B | — |
| Q3 FY2024 | 30 Sept 2024 | 49.22B | +3.16% | 4.26B | -44.96B | — |
| Q2 FY2024 | 30 Jun 2024 | 49.14B | +2.60% | 4.88B | -44.26B | — |
| Q1 FY2024 | 31 Mar 2024 | 50.39B | +6.93% | 4.10B | -46.29B | — |
| Q4 FY2023 | 31 Dec 2023 | 47.91B | +11.10% | 3.06B | -44.85B | — |
| Q3 FY2023 | 30 Sept 2023 | 47.72B | +75.29% | 3.02B | -44.70B | — |
| Q2 FY2023 | 30 Jun 2023 | 47.89B | +70.73% | 3.49B | -44.40B | — |
| Q1 FY2023 | 31 Mar 2023 | 47.12B | +60.51% | 2.43B | -44.69B | — |
| Q4 FY2022 | 31 Dec 2022 | 43.12B | +55.09% | 3.21B | -39.92B | — |
| Q3 FY2022 | 30 Sept 2022 | 27.22B | -6.47% | 5.37B | -21.85B | — |
| Q2 FY2022 | 30 Jun 2022 | 28.05B | -3.79% | 5.04B | -23.02B | — |
| Q1 FY2022 | 31 Mar 2022 | 29.36B | -0.14% | 4.62B | -24.74B | — |
| Q4 FY2021 | 31 Dec 2021 | 27.81B | -11.83% | 4.50B | -23.31B | — |
| Q3 FY2021 | 30 Sept 2021 | 29.11B | -1.31% | 4.49B | -24.61B | — |
| Q2 FY2021 | 30 Jun 2021 | 29.16B | -1.59% | 4.92B | -24.24B | — |
| Q1 FY2021 | 31 Mar 2021 | 29.40B | +3.62% | 3.90B | -25.50B | — |
| Q4 FY2020 | 31 Dec 2020 | 31.54B | +1.58% | 7.28B | -24.26B | — |
| Q3 FY2020 | 30 Sept 2020 | 29.49B | -7.31% | 4.82B | -24.67B | — |
| Q2 FY2020 | 30 Jun 2020 | 29.63B | -0.87% | 4.20B | -25.43B | — |
| Q1 FY2020 | 31 Mar 2020 | 28.37B | -6.26% | 3.75B | -24.62B | — |
| Q4 FY2019 | 31 Dec 2019 | 31.05B | -2.25% | 6.86B | -24.18B | — |
| Q3 FY2019 | 30 Sept 2019 | 31.82B | +0.16% | 6.51B | -25.31B | — |
| Q2 FY2019 | 30 Jun 2019 | 29.89B | -5.61% | 4.01B | -25.88B | — |
| Q1 FY2019 | 31 Mar 2019 | 30.26B | -13.15% | 3.08B | -27.18B | — |
| Q4 FY2018 | 31 Dec 2018 | 31.76B | -7.51% | 6.59B | -25.17B | — |
| Q3 FY2018 | 30 Sept 2018 | 31.77B | -6.50% | 5.88B | -25.89B | — |
| Q2 FY2018 | 30 Jun 2018 | 31.67B | -0.26% | 6.59B | -25.08B | — |
| Q1 FY2018 | 31 Mar 2018 | 34.85B | +11.17% | 7.20B | -27.65B | — |
| Q4 FY2017 | 31 Dec 2017 | 34.34B | +18.14% | 8.45B | -25.89B | — |
| Q3 FY2017 | 30 Sept 2017 | 33.98B | +12.92% | 7.67B | -26.31B | — |
| Q2 FY2017 | 30 Jun 2017 | 31.75B | +5.93% | 6.20B | -25.55B | — |
| Q1 FY2017 | 31 Mar 2017 | 31.35B | +5.21% | 5.08B | -26.27B | — |
| Q4 FY2016 | 31 Dec 2016 | 29.07B | +2.06% | 4.24B | -24.83B | — |
| Q3 FY2016 | 30 Sept 2016 | 30.09B | +4.08% | 4.88B | -25.20B | — |
| Q2 FY2016 | 30 Jun 2016 | 29.97B | +2.63% | 3.81B | -26.16B | — |
| Q1 FY2016 | 31 Mar 2016 | 29.79B | -2.59% | 2.94B | -26.85B | — |
| Q4 FY2015 | 31 Dec 2015 | 28.48B | -3.31% | 3.42B | -25.06B | — |
| Q3 FY2015 | 30 Sept 2015 | 28.91B | +0.22% | 2.39B | -26.51B | — |
| Q2 FY2015 | 30 Jun 2015 | 29.20B | -1.04% | 1.84B | -27.36B | — |
| Q1 FY2015 | 31 Mar 2015 | 30.59B | +3.05% | 1.52B | -29.06B | — |
| Q4 FY2014 | 31 Dec 2014 | 29.46B | +6.42% | 1.68B | -27.77B | — |
| Q3 FY2014 | 30 Sept 2014 | 28.84B | +7.62% | 2.04B | -26.80B | — |
| Q2 FY2014 | 30 Jun 2014 | 29.51B | +15.73% | 1.54B | -27.97B | — |
| Q1 FY2014 | 31 Mar 2014 | 29.68B | +15.94% | 1.82B | -27.86B | — |
| Q4 FY2013 | 31 Dec 2013 | 27.68B | +21.19% | 2.15B | -25.52B | — |
| Q3 FY2013 | 30 Sept 2013 | 26.80B | +19.45% | 3.38B | -23.42B | — |
| Q2 FY2013 | 30 Jun 2013 | 25.50B | +22.58% | 3.59B | -21.91B | — |
| Q1 FY2013 | 31 Mar 2013 | 25.60B | +22.83% | 3.98B | -21.62B | — |
| Q4 FY2012 | 31 Dec 2012 | 22.84B | +23.15% | 2.98B | -19.86B | — |
| Q3 FY2012 | 30 Sept 2012 | 22.44B | +26.34% | 4.82B | -17.62B | — |
| Q2 FY2012 | 30 Jun 2012 | 20.80B | +22.94% | 3.85B | -16.96B | — |
| Q1 FY2012 | 31 Mar 2012 | 20.84B | +23.67% | 3.58B | -17.27B | 186.08 |
| Q4 FY2011 | 31 Dec 2011 | 18.55B | +12.38% | 2.55B | -16.00B | 80.98 |
| Q3 FY2011 | 30 Sept 2011 | 17.76B | +1.79% | 3.39B | -14.37B | 8.34 |
| Q2 FY2011 | 30 Jun 2011 | 16.92B | +11.10% | 2.18B | -14.74B | 4.61 |
| Q1 FY2011 | 31 Mar 2011 | 16.85B | +5.26% | 1.32B | -15.53B | 4.22 |
| Q4 FY2010 | 31 Dec 2010 | 16.50B | +7.04% | 1.70B | -14.80B | 4.71 |
| Q3 FY2010 | 30 Sept 2010 | 17.45B | +22.43% | 3.51B | -13.94B | 3.85 |
| Q2 FY2010 | 30 Jun 2010 | 15.23B | +8.22% | 1.58B | -13.65B | 3.75 |
| Q1 FY2010 | 31 Mar 2010 | 16.01B | +13.89% | 850.00M | -15.16B | 3.28 |
| Q4 FY2009 | 31 Dec 2009 | 15.42B | +28.89% | 1.54B | -13.88B | 2.70 |
| Q3 FY2009 | 30 Sept 2009 | 14.25B | +27.85% | 1.60B | -12.65B | 2.25 |
| Q2 FY2009 | 30 Jun 2009 | 14.07B | +69.10% | 2.60B | -11.47B | 2.21 |
| Q1 FY2009 | 31 Mar 2009 | 14.06B | +86.43% | 2.36B | -11.70B | 2.38 |
| Q4 FY2008 | 31 Dec 2008 | 11.96B | +89.65% | 1.53B | -10.43B | 1.59 |
| Q3 FY2008 | 30 Sept 2008 | 11.15B | — | 2.80B | -8.34B | 0.96 |
| Q2 FY2008 | 30 Jun 2008 | 8.32B | — | 3.03B | -5.30B | 0.60 |
| Q1 FY2008 | 31 Mar 2008 | 7.54B | — | 1.23B | -6.31B | 0.51 |
| Q4 FY2007 | 31 Dec 2007 | 6.31B | +126.38% | 1.66B | -4.65B | 0.41 |
| Q4 FY2006 | 31 Dec 2006 | 2.79B | — | 1.68B | -1.11B | 0.20 |
| Q3 FY2001 | 30 Sept 2001 | 3.34B | — | 4.49B | 1.15B | — |
| Q2 FY2001 | 30 Jun 2001 | 0.00 | — | 0.00 | 0.00 | — |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about Philip Morris International's debt
Source: Financial Modeling PrepVerified against SEC filings