Amgen Inc (AMGN)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 5,877,000 | 6,232,000 | 3,661,000 | 6,700,000 | 9,409,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,877,000K)
= 0.00
Based on the provided data, the debt-to-capital ratio of Amgen Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This suggests that the company has had no debt in relation to its total capital over this period. A debt-to-capital ratio of 0.00 indicates that the company has not used debt to finance its operations and capital structure, relying instead on equity financing or other sources. It implies a lower financial risk as the company is not relying on borrowed funds for its operations or growth. However, it is important to note that a very low debt-to-capital ratio could also mean missed opportunities for leveraging financial leverage for potentially higher returns.
Peer comparison
Dec 31, 2024