Amgen Inc (AMGN)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 29,030,000 | 30,332,000 | 22,186,000 | 19,385,000 | 21,144,000 |
| Total current liabilities | US$ in thousands | 23,099,000 | 18,392,000 | 15,687,000 | 12,184,000 | 11,653,000 |
| Current ratio | 1.26 | 1.65 | 1.41 | 1.59 | 1.81 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $29,030,000K ÷ $23,099,000K
= 1.26
Based on the provided data for Amgen Inc's current ratio over the years, we observe fluctuations in the ratio.
- In December 2020, the current ratio stood at 1.81, indicating that the company had $1.81 in current assets for every $1 in current liabilities. This suggests a strong liquidity position.
- By December 2021, the current ratio decreased to 1.59, indicating a slight decline in liquidity as the company had $1.59 in current assets for every $1 in current liabilities.
- In December 2022, the current ratio further decreased to 1.41, signaling a potential liquidity concern as the company had $1.41 in current assets for every $1 in current liabilities.
- The ratio improved in December 2023 to 1.65, showing a positive trend in liquidity with $1.65 in current assets for every $1 in current liabilities.
- However, by December 2024, the current ratio dropped significantly to 1.26, indicating a decrease in liquidity and potentially raising concerns about the company's ability to meet its short-term obligations.
Overall, the current ratio fluctuated over the years, indicating varying levels of liquidity and the need for further analysis to understand the factors driving these changes.
Peer comparison
Dec 31, 2024