Altria Historical Balance Sheet
| MO Stock | USD 57.65 0.06 0.10% |
Trend analysis of Altria Group balance sheet accounts such as Total Current Liabilities of 10.2 B, Property Plant And Equipment Net of 1.6 B or Net Debt of 16.6 B provides information on Altria's total assets, liabilities, and equity, which is the actual value of Altria Group to its prevalent stockholders. By breaking down trends over time using Altria balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Altria Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Altria Group is a good buy for the upcoming year.
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About Altria Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Altria Group at a specified time, usually calculated after every quarter, six months, or one year. Altria Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Altria and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Altria currently owns. An asset can also be divided into two categories, current and non-current.
Altria Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Altria assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Altria Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Altria balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Altria Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Short Long Term Debt
The total of a company's short-term and long-term borrowings.Most accounts from Altria's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Altria Group current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Altria Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. At this time, Altria's Total Current Assets are very stable compared to the past year. As of the 28th of November 2024, Property Plant And Equipment Gross is likely to grow to about 6.2 B, while Short and Long Term Debt Total is likely to drop about 19.4 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 28.0B | 26.7B | 26.2B | 19.4B | Total Assets | 39.5B | 37.0B | 38.6B | 56.8B |
Altria balance sheet Correlations
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Altria Account Relationship Matchups
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Altria balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 49.3B | 47.4B | 39.5B | 37.0B | 38.6B | 56.8B | |
| Short Long Term Debt Total | 28.0B | 29.5B | 28.0B | 26.7B | 26.2B | 19.4B | |
| Other Current Liab | 3.8B | 7.2B | 7.0B | 6.5B | 9.6B | 4.8B | |
| Total Current Liabilities | 8.2B | 9.1B | 8.6B | 8.6B | 11.3B | 10.2B | |
| Total Stockholder Equity | 6.2B | 2.8B | (1.6B) | (4.0B) | (3.5B) | (3.4B) | |
| Property Plant And Equipment Net | 2.0B | 2.0B | 1.6B | 1.6B | 1.7B | 1.6B | |
| Net Debt | 25.9B | 24.5B | 23.5B | 22.7B | 22.5B | 16.6B | |
| Retained Earnings | 36.5B | 34.7B | 30.7B | 29.8B | 31.1B | 30.1B | |
| Cash | 2.1B | 4.9B | 4.5B | 4.0B | 3.7B | 2.8B | |
| Non Current Assets Total | 44.4B | 40.3B | 33.4B | 29.7B | 33.0B | 43.6B | |
| Non Currrent Assets Other | (4.1B) | 964M | 923M | 965M | 845M | 802.8M | |
| Cash And Short Term Investments | 2.1B | 4.9B | 4.5B | 4.0B | 3.7B | 2.8B | |
| Common Stock Shares Outstanding | 1.9B | 1.9B | 1.8B | 1.8B | 1.8B | 1.8B | |
| Liabilities And Stockholders Equity | 49.3B | 47.4B | 39.5B | 37.0B | 38.6B | 56.8B | |
| Non Current Liabilities Total | 34.8B | 35.4B | 32.6B | 32.3B | 30.7B | 29.4B | |
| Inventory | 2.3B | 2.0B | 1.2B | 1.2B | 1.2B | 1.2B | |
| Other Current Assets | 146M | 69M | 298M | 289M | 684M | 960.2M | |
| Other Stockholder Equity | (28.4B) | (28.4B) | (30.1B) | (31.9B) | (32.9B) | (31.3B) | |
| Total Liab | 43.0B | 44.5B | 41.1B | 40.9B | 42.1B | 43.5B | |
| Total Current Assets | 4.8B | 7.1B | 6.1B | 7.2B | 5.6B | 9.6B | |
| Intangible Assets | 12.7B | 12.6B | 12.3B | 12.4B | 13.7B | 13.6B | |
| Accounts Payable | 325M | 380M | 449M | 552M | 582M | 552.9M | |
| Property Plant And Equipment Gross | 2.0B | 2.0B | 1.6B | 4.4B | 4.6B | 6.2B | |
| Accumulated Other Comprehensive Income | (2.9B) | (4.3B) | (3.1B) | (2.8B) | (2.7B) | (2.8B) | |
| Other Liab | 7.7B | 7.4B | 5.6B | 7.1B | 6.4B | 6.1B | |
| Other Assets | 1.0B | 22.5B | 3.0B | 965M | 868.5M | 825.1M | |
| Long Term Debt | 27.0B | 28.0B | 26.9B | 25.1B | 25.1B | 18.6B | |
| Treasury Stock | (33.5B) | (34.4B) | (34.3B) | (36.0B) | (32.4B) | (34.0B) | |
| Property Plant Equipment | 2.0B | 2.0B | 1.6B | 1.6B | 1.4B | 1.4B | |
| Current Deferred Revenue | 3.0B | 3.2B | 2.9B | 2.7B | 2.4B | 2.3B | |
| Net Tangible Assets | (11.6B) | (2.3B) | (19.1B) | (21.5B) | (24.8B) | (26.0B) | |
| Retained Earnings Total Equity | 42.3B | 44.0B | 34.7B | 30.7B | 35.3B | 33.1B | |
| Long Term Debt Total | 27.0B | 28.0B | 26.9B | 25.1B | 28.9B | 18.5B | |
| Capital Surpluse | 6.0B | 5.9B | 5.9B | 5.9B | 6.8B | 6.4B |
Pair Trading with Altria
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Altria position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Altria will appreciate offsetting losses from the drop in the long position's value.Moving against Altria Stock
| 0.92 | BUD | Anheuser Busch Inbev | PairCorr |
| 0.73 | BGS | BG Foods | PairCorr |
| 0.71 | VITL | Vital Farms | PairCorr |
| 0.67 | FMX | Fomento Economico | PairCorr |
| 0.64 | GIS | General Mills | PairCorr |
The ability to find closely correlated positions to Altria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altria when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Altria - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Altria Group to buy it.
The correlation of Altria is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Altria moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altria Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Altria can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Altria Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Tobacco space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Altria. If investors know Altria will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Altria listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.099 | Dividend Share 3.96 | Earnings Share 5.92 | Revenue Per Share 11.726 | Quarterly Revenue Growth 0.013 |
The market value of Altria Group is measured differently than its book value, which is the value of Altria that is recorded on the company's balance sheet. Investors also form their own opinion of Altria's value that differs from its market value or its book value, called intrinsic value, which is Altria's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Altria's market value can be influenced by many factors that don't directly affect Altria's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Altria's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altria is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altria's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.