Amgen Inc (AMGN)
Current 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 current assets | US$ in thousands | 29,030,000 | 26,766,000 | 27,206,000 | 28,029,000 | 30,332,000 | 48,477,000 | 47,380,000 | 44,703,000 | 22,186,000 | 24,062,000 | 19,322,000 | 18,520,000 | 19,385,000 | 24,380,000 | 19,099,000 | 21,299,000 | 21,144,000 | 22,661,000 | 22,895,000 | 18,813,000 |
| Total current liabilities | US$ in thousands | 23,099,000 | 20,312,000 | 21,517,000 | 19,714,000 | 18,392,000 | 16,954,000 | 17,097,000 | 14,215,000 | 15,687,000 | 14,331,000 | 12,618,000 | 12,886,000 | 12,184,000 | 14,842,000 | 14,585,000 | 12,869,000 | 11,653,000 | 9,953,000 | 10,523,000 | 11,827,000 |
| Current ratio | 1.26 | 1.32 | 1.26 | 1.42 | 1.65 | 2.86 | 2.77 | 3.14 | 1.41 | 1.68 | 1.53 | 1.44 | 1.59 | 1.64 | 1.31 | 1.66 | 1.81 | 2.28 | 2.18 | 1.59 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $29,030,000K ÷ $23,099,000K
= 1.26
The current ratio of Amgen Inc has fluctuated over the past few years, indicating variations in the company's liquidity position. The ratio, which measures the company's ability to cover its short-term liabilities with its current assets, ranged from a low of 1.26 to a high of 3.14 during the period covered by the data.
From March 31, 2020, to June 30, 2021, the current ratio showed a generally increasing trend, reaching its peak of 2.28 on September 30, 2020. However, from December 31, 2021, to December 31, 2024, the ratio experienced a decline, dropping to as low as 1.26 on June 30, 2024.
The significant increase in the current ratio to 3.14 on March 31, 2023, suggests a noteworthy improvement in the company's liquidity position during that period. However, the subsequent decrease in the ratio indicates potential challenges in managing short-term obligations with current assets.
Overall, the current ratio of Amgen Inc has shown variability over the years, reflecting fluctuations in the company's liquidity. Further analysis of the components of current assets and liabilities may provide insights into the underlying reasons for these fluctuations and help assess the company's liquidity position more accurately.
Peer comparison
Dec 31, 2024