AbbVie Balance Sheet Health

Financial Health criteria checks 3/6

AbbVie has a total shareholder equity of $6.8B and total debt of $70.9B, which brings its debt-to-equity ratio to 1040%. Its total assets and total liabilities are $141.9B and $135.1B respectively. AbbVie's EBIT is $17.6B making its interest coverage ratio 10.1. It has cash and short-term investments of $13.2B.

Key information

1,040.0%

Debt to equity ratio

US$70.94b

Debt

Interest coverage ratio10.1x
CashUS$13.16b
EquityUS$6.82b
Total liabilitiesUS$135.12b
Total assetsUS$141.94b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: ABBV's short term assets ($33.8B) do not cover its short term liabilities ($41.9B).

Long Term Liabilities: ABBV's short term assets ($33.8B) do not cover its long term liabilities ($93.2B).


Debt to Equity History and Analysis

Debt Level: ABBV's net debt to equity ratio (847.1%) is considered high.

Reducing Debt: ABBV had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: ABBV's debt is well covered by operating cash flow (26.3%).

Interest Coverage: ABBV's interest payments on its debt are well covered by EBIT (10.1x coverage).


Balance Sheet


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