AbbVie Inc (ABBV)

Debt-to-assets ratio

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands
Total assets US$ in thousands 134,711,000 136,221,000 135,367,000 134,544,000 138,805,000 141,325,000 143,186,000 143,211,000 146,529,000 148,858,000 147,972,000 150,501,000 150,565,000 149,621,000 149,530,000 91,199,000 89,115,000 59,441,000 57,142,000 56,769,000
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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

The debt-to-assets ratio for Abbvie Inc has shown a consistent decreasing trend from Q1 2022 to Q4 2023, declining from 0.51 to 0.44. This indicates that the company has been able to reduce its reliance on debt to finance its assets over this period. A lower debt-to-assets ratio suggests that Abbvie Inc has a stronger financial position and less financial risk, as a smaller portion of its assets are financed by debt. The downward trend in the ratio may be indicative of efficient management of debt levels and improved financial stability within the company. Overall, the decreasing debt-to-assets ratio reflects positively on Abbvie Inc's financial health and ability to manage its debt obligations effectively.


Peer comparison

Dec 31, 2023


See also:

AbbVie Inc Debt to Assets (Quarterly Data)