Ratios (Summary)

AbbVie Inc., debt and solvency ratios (quarterly data)

 
Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Debt to equity 10.49 7.33 5.65 6.20 7.39 7.95 5.77 6.71 6.87 8.03 6.61 5.65 11.09 8.62 3.18 2.83 3.07 3.28 4.14 4.15 5.09
Debt to capital 0.91 0.88 0.85 0.86 0.88 0.89 0.85 0.87 0.87 0.89 0.87 0.85 0.92 0.90 0.76 0.74 0.75 0.77 0.81 0.81 0.84
Source: Based on data from AbbVie Inc. Quarterly and Annual Reports
Ratio Description The company
Debt-to-equity ratio A solvency ratio calculated as total debt divided by total shareholders' equity. AbbVie Inc.'s debt-to-equity ratio deteriorated from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.
Debt-to-capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders' equity. AbbVie Inc.'s debt-to-capital ratio deteriorated from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.

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Debt to Equity

AbbVie Inc., debt to equity calculation (quarterly data)

 
Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Selected Financial Data (USD $ in millions)
Short-term borrowings 367  400  800  400  400  377  494  400  406  760  569  425  301  251  413  411  410  414 
Current portion of long-term debt and lease obligations 6,014  6,015  3,021  3,020  25  25  26  23  2,023  2,025  4,007  4,021  4,021  22  20  18  18  23  22  22 
Long-term debt and lease obligations, excluding current portion 30,906  30,953  33,974  33,817  36,526  36,440  37,284  37,328  29,490  29,240  31,359  27,116  10,683  10,565  14,469  14,470  14,386  14,292  14,375  14,326  14,601 
Total debt 37,287  37,368  37,795  37,237  36,951  36,842  37,310  37,845  31,913  31,671  32,127  31,123  15,273  15,011  14,792  14,741  14,406  14,723  14,809  14,758  15,037 
Stockholders' equity 3,553  5,097  6,687  6,009  4,998  4,636  6,469  5,640  4,643  3,945  4,863  5,504  1,377  1,742  4,645  5,218  4,697  4,492  3,577  3,558  2,957 
Ratio
Debt to equity1 10.49 7.33 5.65 6.20 7.39 7.95 5.77 6.71 6.87 8.03 6.61 5.65 11.09 8.62 3.18 2.83 3.07 3.28 4.14 4.15 5.09
Source: Based on data from AbbVie Inc. Quarterly and Annual Reports

Q1 2018 Calculations

1 Debt to equity = Total debt ÷ Stockholders' equity
= 37,287 ÷ 3,553 = 10.49

Ratio Description The company
Debt-to-equity ratio A solvency ratio calculated as total debt divided by total shareholders' equity. AbbVie Inc.'s debt-to-equity ratio deteriorated from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.

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Debt to Capital

AbbVie Inc., debt to capital calculation (quarterly data)

 
Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Selected Financial Data (USD $ in millions)
Short-term borrowings 367  400  800  400  400  377  494  400  406  760  569  425  301  251  413  411  410  414 
Current portion of long-term debt and lease obligations 6,014  6,015  3,021  3,020  25  25  26  23  2,023  2,025  4,007  4,021  4,021  22  20  18  18  23  22  22 
Long-term debt and lease obligations, excluding current portion 30,906  30,953  33,974  33,817  36,526  36,440  37,284  37,328  29,490  29,240  31,359  27,116  10,683  10,565  14,469  14,470  14,386  14,292  14,375  14,326  14,601 
Total debt 37,287  37,368  37,795  37,237  36,951  36,842  37,310  37,845  31,913  31,671  32,127  31,123  15,273  15,011  14,792  14,741  14,406  14,723  14,809  14,758  15,037 
Stockholders' equity 3,553  5,097  6,687  6,009  4,998  4,636  6,469  5,640  4,643  3,945  4,863  5,504  1,377  1,742  4,645  5,218  4,697  4,492  3,577  3,558  2,957 
Total capital 40,840  42,465  44,482  43,246  41,949  41,478  43,779  43,485  36,556  35,616  36,990  36,627  16,650  16,753  19,437  19,959  19,103  19,215  18,386  18,316  17,994 
Ratio
Debt to capital1 0.91 0.88 0.85 0.86 0.88 0.89 0.85 0.87 0.87 0.89 0.87 0.85 0.92 0.90 0.76 0.74 0.75 0.77 0.81 0.81 0.84
Source: Based on data from AbbVie Inc. Quarterly and Annual Reports

Q1 2018 Calculations

1 Debt to capital = Total debt ÷ Total capital
= 37,287 ÷ 40,840 = 0.91

Ratio Description The company
Debt-to-capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders' equity. AbbVie Inc.'s debt-to-capital ratio deteriorated from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.

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