AbbVie Balance Sheet Health
Financial Health criteria checks 3/6
AbbVie has a total shareholder equity of $8.0B and total debt of $74.4B, which brings its debt-to-equity ratio to 924.1%. Its total assets and total liabilities are $148.9B and $140.8B respectively. AbbVie's EBIT is $17.5B making its interest coverage ratio 10.4. It has cash and short-term investments of $18.1B.
Key information
924.1%
Debt to equity ratio
US$74.36b
Debt
Interest coverage ratio | 10.4x |
Cash | US$18.07b |
Equity | US$8.05b |
Total liabilities | US$140.83b |
Total assets | US$148.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4AB0's short term assets ($38.9B) do not cover its short term liabilities ($41.5B).
Long Term Liabilities: 4AB0's short term assets ($38.9B) do not cover its long term liabilities ($99.3B).
Debt to Equity History and Analysis
Debt Level: 4AB0's net debt to equity ratio (699.5%) is considered high.
Reducing Debt: 4AB0 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 4AB0's debt is well covered by operating cash flow (30.5%).
Interest Coverage: 4AB0's interest payments on its debt are well covered by EBIT (10.4x coverage).