Abbott Laboratories (ABT)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 81,414,000 | 74,356,000 | 73,017,000 | 72,467,000 | 73,214,000 | 72,090,000 | 73,354,000 | 73,794,000 | 74,438,000 | 72,801,000 | 74,202,000 | 74,007,000 | 75,196,000 | 73,795,000 | 73,269,000 | 72,785,000 | 72,548,000 | 69,043,000 | 68,793,000 | 66,712,000 |
| Total stockholders’ equity | US$ in thousands | 47,664,000 | 39,796,000 | 39,318,000 | 38,810,000 | 38,603,000 | 37,481,000 | 37,174,000 | 74,219,000 | 36,686,000 | 35,675,000 | 36,490,000 | 35,399,000 | 35,802,000 | 34,422,000 | 33,800,000 | 33,562,000 | 32,784,000 | 31,386,000 | 30,578,000 | 30,218,000 |
| Financial leverage ratio | 1.71 | 1.87 | 1.86 | 1.87 | 1.90 | 1.92 | 1.97 | 0.99 | 2.03 | 2.04 | 2.03 | 2.09 | 2.10 | 2.14 | 2.17 | 2.17 | 2.21 | 2.20 | 2.25 | 2.21 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $81,414,000K ÷ $47,664,000K
= 1.71
The financial leverage ratio of Abbott Laboratories has shown a downward trend from March 31, 2022, to December 31, 2024. The ratio decreased from 2.09 to 1.71 during this period. This indicates that Abbott Laboratories has been reducing its reliance on debt to finance its operations and investments. A lower financial leverage ratio suggests lower financial risk and more stability in the company's capital structure. Investors and creditors may view a decreasing financial leverage ratio positively as it signifies improved financial health and strength of the company. Abbott Laboratories' management may have been managing their debt levels effectively to ensure sustainable growth and profitability.
Peer comparison
Dec 31, 2024