Altria Group debt and dilution50

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$24,577M

Cash & equivalents

USD millions

$2,367M

Net debt

USD millions

$22,210M

Debt / equity

—

Debt / assets

73.64%

Net debt / EBITDA

× · TTM

1.98×

Debt / FCF

× · TTM

2.7×

Interest coverage

× · TTM

—

Current ratio

0.52×

Diluted shares

Million shares

1,670M shares

Basic shares

Million shares

1,670M shares

Share count growth

-0.83%

Share repurchases

USD millions

$55M

Quarterly data

Altria Group capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	24,577	2,367	22,210	—	73.64%	1.98×	2.7×	—	0.52×	1,670	1,670	-0.83%	55
FY 2026 Q1	Mar 31, 2026	24,602	3,531	21,071	—	71.14%	1.86×	2.85×	—	0.62×	1,673	1,673	-1.01%	280
FY 2025 Q4	Dec 31, 2025	25,709	4,474	21,235	—	73.42%	2.09×	2.83×	8.41×	0.65×	1,677.07	1,677.07	-1.01%	288
FY 2025 Q3	Sep 30, 2025	25,701	3,472	22,229	—	73.41%	1.95×	2.8×	—	0.62×	1,680	1,680	-1.35%	112
FY 2025 Q2	Jun 30, 2025	24,720	1,287	23,433	—	76.46%	2.07×	2.83×	—	0.39×	1,684	1,684	-1.98%	274
FY 2025 Q1	Mar 31, 2025	26,059	4,726	21,333	—	72.87%	2×	3.08×	—	0.57×	1,690	1,690	-3.87%	326
FY 2024 Q4	Dec 31, 2024	24,926	3,127	21,799	—	70.86%	1.89×	2.89×	10×	0.51×	1,694.17	1,694.17	-4.18%	310
FY 2024 Q3	Sep 30, 2024	25,155	1,897	23,258	—	73.62%	2.03×	2.96×	—	0.44×	1,703	1,703	-3.95%	680
FY 2024 Q2	Jun 30, 2024	25,023	1,799	23,224	—	72.77%	2.04×	2.84×	—	0.45×	1,718	1,718	-3.59%	10
FY 2024 Q1	Mar 31, 2024	25,042	3,608	21,434	—	68.66%	1.82×	2.78×	—	0.48×	1,758	1,758	-1.57%	2,400
FY 2023 Q4	Dec 31, 2023	26,233	3,686	22,547	—	68.01%	1.91×	2.89×	10.05×	0.49×	1,768.1	1,768.1	-1.34%	268
FY 2023 Q3	Sep 30, 2023	25,098	1,537	23,561	—	68.82%	1.99×	2.96×	—	0.33×	1,773	1,773	-1.45%	260
FY 2023 Q2	Jun 30, 2023	27,195	874	26,321	—	73.2%	2.23×	3.17×	—	0.37×	1,782	1,782	-1.49%	472
FY 2023 Q1	Mar 31, 2023	25,387	3,913	21,474	—	68.94%	1.79×	3.19×	—	0.78×	1,786	1,786	-1.76%	0
FY 2022 Q4	Dec 31, 2022	26,680	4,030	22,650	—	72.2%	1.86×	3.31×	10.57×	0.84×	1,792.13	1,792.13	-2.24%	374
FY 2022 Q3	Sep 30, 2022	26,291	2,483	23,808	—	77.43%	1.98×	3.25×	—	0.5×	1,799	1,799	-2.33%	368
FY 2022 Q2	Jun 30, 2022	27,680	2,567	25,113	—	75.33%	2.11×	3.42×	—	0.49×	1,809	1,809	-2.16%	507
FY 2022 Q1	Mar 31, 2022	27,922	5,353	22,569	—	69.4%	1.88×	3.38×	—	0.62×	1,818	1,818	-2.1%	576
FY 2021 Q4	Dec 31, 2021	28,044	4,544	23,500	—	70.96%	1.99×	3.41×	9.73×	0.71×	1,833.13	1,833.13	-1.34%	703
FY 2021 Q3	Sep 30, 2021	28,127	2,957	25,170	—	71.09%	2.16×	3.47×	—	0.74×	1,842	1,842	-0.86%	322
FY 2021 Q2	Jun 30, 2021	28,241	1,877	26,364	8.67×	63.62%	2.22×	4.75×	—	0.72×	1,849	1,849	-0.48%	325
FY 2021 Q1	Mar 31, 2021	29,680	5,792	23,888	9.91×	60.85%	2.08×	3.67×	—	0.8×	1,857	1,857	-0.05%	325
FY 2020 Q4	Dec 31, 2020	29,471	4,945	24,526	10.08×	62.16%	2.2×	3.61×	8.89×	0.79×	1,859	1,858	—	0
FY 2020 Q3	Sep 30, 2020	29,255	4,123	25,132	9.05×	62.71%	2.29×	3.59×	—	0.77×	1,859	1,858	—	0
FY 2020 Q2	Jun 30, 2020	29,042	4,826	24,216	5.02×	57.85%	2.25×	2.87×	—	0.75×	1,859	1,858	—	0
FY 2020 Q1	Mar 31, 2020	29,971	5,616	24,355	4.52×	56.96%	2.28×	3.56×	—	0.71×	1,858	1,858	—	0
FY 2019 Q4	Dec 31, 2019	28,042	2,117	25,925	4.44×	56.91%	2.46×	3.69×	7.81×	0.59×	1,863.07	—	—	499
FY 2019 Q3	Sep 30, 2019	27,903	1,604	26,299	2.62×	52.73%	2.67×	4.08×	—	0.56×	1,868	—	—	0
FY 2019 Q2	Jun 30, 2019	29,240	1,796	27,444	2.02×	50.85%	2.89×	4.37×	—	0.56×	1,870	—	—	195
FY 2019 Q1	Mar 31, 2019	29,168	3,352	25,816	2.07×	49.24%	2.79×	3.82×	—	0.62×	—	—	—	151
FY 2018 Q4	Dec 31, 2018	25,746	1,333	24,413	1.74×	46.27%	2.61×	3.16×	13.08×	0.2×	—	—	—	356
FY 2018 Q3	Sep 30, 2018	13,903	2,393	11,510	0.9×	31.63%	1.18×	1.95×	—	0.6×	—	—	—	367
FY 2018 Q2	Jun 30, 2018	13,900	1,430	12,470	0.88×	32.19%	1.27×	2.09×	—	0.65×	—	—	—	437
FY 2018 Q1	Mar 31, 2018	13,897	2,191	11,706	0.9×	31.66%	1.19×	2.86×	—	0.65×	—	—	—	513
FY 2017 Q4	Dec 31, 2017	13,894	1,253	12,641	0.9×	32.16%	1.29×	2.94×	13.14×	0.64×	—	—	—	558
FY 2017 Q3	Sep 30, 2017	—	2,582	—	—	—	—	—	—	0.77×	—	—	—	759
FY 2017 Q2	Jun 30, 2017	—	2,255	—	—	—	—	—	—	0.83×	—	—	—	1,049
FY 2017 Q1	Mar 31, 2017	—	5,228	—	—	—	—	—	—	0.92×	—	—	—	551
FY 2016 Q4	Dec 31, 2016	13,881	4,569	9,312	1.09×	30.22%	1.04×	3.85×	11.62×	0.98×	—	—	—	518
FY 2016 Q3	Sep 30, 2016	13,878	2,298	11,580	4.71×	42.14%	1.29×	2.76×	—	0.93×	—	—	—	171
FY 2016 Q2	Jun 30, 2016	12,837	819	12,018	4.08×	40.98%	1.35×	2.37×	—	0.83×	—	—	—	173
FY 2016 Q1	Mar 31, 2016	12,850	3,815	9,035	4.68×	37.72%	1.04×	2.22×	—	0.87×	—	—	—	168
FY 2015 Q4	Dec 31, 2015	12,919	2,369	10,550	4.5×	39.71%	1.23×	2.31×	10.35×	0.86×	—	—	—	36
FY 2015 Q3	Sep 30, 2015	12,921	1,907	11,014	4.48×	40.38%	1.29×	2.36×	—	0.84×	—	—	—	63
FY 2015 Q2	Jun 30, 2015	13,920	1,123	12,797	5.02×	43.68%	1.56×	2.81×	—	0.74×	—	—	—	263
FY 2015 Q1	Mar 31, 2015	13,901	3,674	10,227	5.5×	40.63%	1.29×	2.87×	—	0.81×	—	—	—	192
FY 2014 Q4	Dec 31, 2014	14,693	3,321	11,372	4.88×	42.62%	1.45×	3.27×	8.89×	0.9×	—	—	—	260
FY 2014 Q3	Sep 30, 2014	13,993	2,241	11,752	3.26×	41.06%	1.52×	3.25×	—	0.77×	—	—	—	275
FY 2014 Q2	Jun 30, 2014	13,993	1,193	12,800	3.19×	42.04%	1.63×	3.08×	—	0.89×	—	—	—	132
FY 2014 Q1	Mar 31, 2014	13,992	3,620	10,372	3.4×	39.52%	1.32×	2.98×	—	0.92×	—	—	—	272
FY 2013 Q4	Dec 31, 2013	14,517	3,175	11,342	3.53×	41.64%	1.37×	3.42×	7.68×	0.93×	—	—	—	252
FY 2013 Q3	Sep 30, 2013	14,876	4,211	10,665	3.74×	41.38%	1.29×	3.13×	—	0.91×	—	—	—	156
FY 2013 Q2	Jun 30, 2013	14,874	2,571	12,303	4.17×	43.19%	1.52×	3.36×	—	0.83×	—	—	—	135
FY 2013 Q1	Mar 31, 2013	13,878	3,775	10,103	3.89×	38.54%	1.27×	3.71×	—	0.75×	—	—	—	91
FY 2012 Q4	Dec 31, 2012	13,878	2,900	10,978	4.38×	39.28%	1.47×	3.67×	6.43×	0.77×	—	—	—	487
FY 2012 Q3	Sep 30, 2012	13,878	2,186	11,692	3.59×	39.61%	1.65×	4.53×	—	0.93×	—	—	—	235
FY 2012 Q2	Jun 30, 2012	13,689	1,528	12,161	3.2×	39.62%	1.74×	4.65×	—	0.85×	—	—	—	94
FY 2012 Q1	Mar 31, 2012	13,689	4,156	9,533	3.7×	36.2%	1.48×	4.17×	—	0.9×	—	—	—	266
FY 2011 Q4	Dec 31, 2011	13,689	3,270	10,419	3.72×	37.04%	1.65×	3.9×	4.97×	0.93×	2,043.23	2,043.23	-1.77%	327
FY 2011 Q3	Sep 30, 2011	13,688	3,043	10,645	3.1×	36.79%	1.65×	3.93×	—	0.94×	2,054	2,054	-1.15%	425
FY 2011 Q2	Jun 30, 2011	—	2,064	—	—	—	—	—	—	1.04×	2,076	2,076	99,999,900%	—
FY 2011 Q1	Mar 31, 2011	—	3,432	—	—	—	—	—	—	0.89×	2,084	2,084	0.48%	—
FY 2010 Q4	Dec 31, 2010	12,194	2,314	9,880	2.35×	32.6%	1.52×	4.69×	5.48×	0.87×	2,081.97	2,079.97	0.39%	—
FY 2010 Q3	Sep 30, 2010	—	1,700	—	—	—	—	—	—	0.87×	2,080	2,078	0.53%	—
FY 2010 Q2	Jun 30, 2010	12,184	854	11,330	2.69×	34.57%	1.94×	3.62×	—	0.84×	0	0	0.58%	—
FY 2010 Q1	Mar 31, 2010	12,160	3,290	8,870	2.85×	32%	1.48×	3.83×	—	0.78×	2,077	2,074	—	—
FY 2009 Q4	Dec 31, 2009	11,960	1,871	10,089	2.94×	32.61%	1.75×	3.77×	4.59×	0.72×	2,073.97	2,071.93	—	0
FY 2009 Q3	Sep 30, 2009	11,959	1,030	10,929	3.21×	33.33%	—	—	—	0.7×	2,072	2,067	—	0
FY 2009 Q2	Jun 30, 2009	12,352	544	11,808	3.69×	34.47%	—	—	—	0.7×	0	0	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · MO, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.