Amgen's Debt Overview
Portfolio Pulse from Benzinga Insights
Amgen Inc.'s total debt stands at $61.59 billion, with $60.76 billion in long-term debt and $834 million in current debt. After adjusting for $31.56 billion in cash-equivalents, the company has a net debt of $30.04 billion. The debt-ratio is 0.69, considering Amgen's $88.72 billion in total assets.
May 22, 2023 | 3:07 pm
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Amgen's debt-ratio of 0.69 indicates a considerable portion of debt is funded by assets, which could put the company at risk for default if interest rates increase.
Amgen's debt-ratio of 0.69 indicates that a significant portion of its debt is funded by assets. A higher debt-ratio can imply that the company might be putting itself at risk for default, especially if interest rates were to increase. This could negatively impact the stock price in the short term.
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