AbbVie Inc (ABBV)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	135,161,000	134,711,000	138,805,000	146,529,000	150,565,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $135,161,000K
= 0.00

The debt-to-assets ratio for AbbVie Inc has remained consistent at 0.00 from December 31, 2020, to December 31, 2024. This ratio indicates that the company has not used any debt to finance its assets during this period. A low debt-to-assets ratio suggests that AbbVie Inc relies more on equity financing, which can be favorable as it indicates lower financial risk and potentially more financial flexibility. However, it is important to consider other financial metrics and industry benchmarks to gain a comprehensive understanding of the company's financial health and stability.