Analysis of Debt
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Selected Financial Data since 2012
- Net Profit Margin since 2012
- Return on Assets (ROA) since 2012
- Price to Earnings (P/E) since 2012
- Analysis of Revenues
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Total Debt (Carrying Amount)
AbbVie Inc., balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Short-term borrowings
- The short-term borrowings significantly decreased from US$34 million in 2020 to US$14 million in 2021, and further declined sharply to US$1 million in 2022. No data is reported for 2023 and 2024, suggesting either a negligible balance or unreported figures for these years.
- Current portion of long-term debt and finance lease obligations
- This component exhibited volatility across the period. It increased from US$8,468 million in 2020 to a peak of US$12,481 million in 2021, followed by a considerable drop to US$4,135 million in 2022. Subsequently, it rose again to US$7,191 million in 2023 and slightly decreased to US$6,804 million in 2024. This pattern indicates fluctuating short-term debt obligations within the long-term debt structure.
- Long-term debt and finance lease obligations, excluding current portion
- There is a notable declining trend in the long-term debt balance excluding the current portion, which decreased from US$77,554 million in 2020 to US$64,189 million in 2021, US$59,135 million in 2022, and further down to US$52,194 million in 2023. However, an increase to US$60,340 million in 2024 interrupts this downward trend, signaling possible new long-term borrowings or refinancing activities in the most recent year.
- Total debt and finance lease obligations (carrying amount)
- The total debt and finance lease obligations mirrored the movements in individual debt components, initially declining from US$86,056 million in 2020 to US$76,684 million in 2021, and further falling to US$63,271 million in 2022. A continued decline to US$59,385 million is observed in 2023, followed by an upward movement to US$67,144 million in 2024. This reflects an overall reduction in indebtedness over the earlier years, with increased borrowing or reduced repayments in the last reported period.
Total Debt (Fair Value)
| Dec 31, 2024 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Short-term borrowings | |
| Current portion of long-term debt and finance lease obligations, excluding fair value hedges | |
| Long-term debt and finance lease obligations, excluding fair value hedges and financing liability | |
| Fair value hedges and financing liability | |
| Total debt and finance lease obligations (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2024-12-31).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt and finance lease obligations:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2024-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × ÷ =