Amgen Inc (AMGN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 91,839,000 | 97,154,000 | 65,121,000 | 61,165,000 | 62,948,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $91,839,000K
= 0.00
The debt-to-assets ratio of Amgen Inc has been consistently reported as 0.00 from December 31, 2020 to December 31, 2024. This indicates that the company has not used any debt financing to fund its operations or investments during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely funded by equity, which can be perceived positively as it signifies a lower financial risk and financial strength. However, it's essential to consider the potential implications of not leveraging debt, such as potentially missing out on the benefits of financial leverage.
Peer comparison
Dec 31, 2024