Amgen Inc (AMGN)

Current ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Total current assets US$ in thousands 30,332,000 22,186,000 19,385,000 21,144,000 18,440,000
Total current liabilities US$ in thousands 18,392,000 15,687,000 12,184,000 11,653,000 12,835,000
Current ratio 1.65 1.41 1.59 1.81 1.44

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $30,332,000K ÷ $18,392,000K
= 1.65

The current ratio of AMGEN Inc. has fluctuated over the past five years, indicating variations in the company's liquidity position. The current ratio measures a company's ability to meet its short-term obligations with its current assets.

In 2023, the current ratio improved to 1.65 from 1.41 in 2022. This suggests that as of December 31, 2023, the company had $1.65 in current assets for every $1 in current liabilities, reflecting a better short-term liquidity position compared to the previous year.

However, it is important to note that the current ratio was higher in 2020 at 1.81, indicating a stronger liquidity position at that time. The ratio dropped to 1.59 in 2021 and then increased again in 2023, showing some volatility in AMGEN Inc.'s ability to cover its short-term obligations with current assets.

Overall, while the current ratio for AMGEN Inc. has varied over the past five years, it is important for investors to consider the trend and assess the company's ability to efficiently manage its short-term financial obligations.


Peer comparison

Dec 31, 2023


See also:

Amgen Inc Current Ratio