Amgen Inc (AMGN)
Financial leverage 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 assets | US$ in thousands | 91,839,000 | 90,883,000 | 90,907,000 | 92,980,000 | 97,154,000 | 90,534,000 | 90,269,000 | 88,720,000 | 65,121,000 | 63,700,000 | 59,294,000 | 59,196,000 | 61,165,000 | 64,993,000 | 59,773,000 | 62,539,000 | 62,948,000 | 64,637,000 | 65,011,000 | 61,669,000 |
| Total stockholders’ equity | US$ in thousands | 5,877,000 | 7,527,000 | 5,925,000 | 5,022,000 | 6,232,000 | 7,656,000 | 6,781,000 | 5,348,000 | 3,661,000 | 3,653,000 | 2,419,000 | 916,000 | 6,700,000 | 8,217,000 | 8,247,000 | 9,334,000 | 9,409,000 | 10,959,000 | 10,659,000 | 9,485,000 |
| Financial leverage ratio | 15.63 | 12.07 | 15.34 | 18.51 | 15.59 | 11.83 | 13.31 | 16.59 | 17.79 | 17.44 | 24.51 | 64.62 | 9.13 | 7.91 | 7.25 | 6.70 | 6.69 | 5.90 | 6.10 | 6.50 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $91,839,000K ÷ $5,877,000K
= 15.63
The financial leverage ratio of Amgen Inc has shown fluctuations over the past few years, indicating changes in the company's level of debt relative to its equity. From March 31, 2020, to December 31, 2021, the ratio increased steadily from 6.50 to 9.13, suggesting a higher reliance on debt to finance its operations during this period.
However, from March 31, 2022, to December 31, 2024, there were significant spikes and declines in the ratio, reaching a peak of 64.62 in March 31, 2022, and dropping to 12.07 in September 30, 2024. Such extreme fluctuations could indicate irregularities in the capital structure or debt management strategies of the company during this period.
It is essential for investors and stakeholders to closely monitor Amgen Inc's financial leverage ratio trends to assess the company's risk profile, financial stability, and ability to meet its debt obligations.
Peer comparison
Dec 31, 2024