AbbVie Inc (ABBV)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 134,711,000 | 138,805,000 | 146,529,000 | 150,565,000 | 89,115,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $134,711,000K
= 0.00
Based on the data provided, Abbvie Inc's debt-to-assets ratio has been decreasing over the last five years, indicating a trend towards lower financial leverage. The ratio stood at 0.75 in 2019, gradually decreasing to 0.44 by the end of 2023. This suggests that Abbvie has been reducing its reliance on debt financing in proportion to its total assets, which can be a positive sign for investors and creditors as it indicates a lower financial risk. Furthermore, a declining debt-to-assets ratio may also imply improved financial stability and liquidity for the company. Overall, the trend in Abbvie's debt-to-assets ratio signals a prudent approach to managing its capital structure and financial obligations.
Peer comparison
Dec 31, 2023