AbbVie Inc. Current Ratio

Current Ratio of ABBV for past 10 years: annual, quarterly and twelve month trailing (TTM) including Current Ratio growth rates and interactive chart. The current ratio is a liquidity ratio that measures whether a firm has enough resources to meet its short-term obligations. It is calculated as current assets divided by current liabilities. A ratio below 1 indicates potential trouble for a company, as it doesn't have enough current assets to pay for its short-term liabilities. A ratio above 2 is usually considered healthy.

Highlights and Quick Summary

  • Current Ratio for the quarter ending December 30, 2019 was 3.18 (a 175.62% increase compared to previous quarter)
  • Year-over-year quarterly Current Ratio increased by 206.52%
  • Annual Current Ratio for 2019 was 3.18 (a 223.27% increase from previous year)
  • Annual Current Ratio for 2018 was 0.98 (a -22.93% decrease from previous year)
  • Annual Current Ratio for 2017 was 1.28 (a -22.94% decrease from previous year)
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Historical Current Ratio of AbbVie Inc.

Most recent Current Ratioof ABBV including historical data for past 10 years.

Interactive Chart of Current Ratio of AbbVie Inc.

AbbVie Inc. Current Ratio for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2019 3.18 1.15 0.89 1.04 3.18
2018 0.98 1.2 0.8 1.2 0.98
2017 1.28 1.45 1.38 1.76 1.28
2016 1.65 1.79 1.81 1.56 1.65
2015 1.5 2.03 1.5 1.39 1.5
2014 1.41 2.65 2.82 2.79 1.41
2013 2.59 2.41 2.3 2.21 2.59
2012 2.27 2.04 1.24 1.22 2.27
2011 1.25 1.25
2010 2.19 2.19

Business Profile of AbbVie Inc.

Sector: Medical
Industry: Drugs
AbbVie Inc. discovers, develops, manufactures, and sells pharmaceutical products in the United States, Japan, Germany, Canada, Italy, Spain, the Netherlands, the United Kingdom, Brazil, and internationally. It offers HUMIRA, a therapy administered as an injection for autoimmune and intestinal Behcet's diseases; IMBRUVICA to treat adult patients with chronic lymphocytic leukemia (CLL), small lymphocytic lymphoma (SLL), mantle cell lymphoma, waldenstrom's macroglobulinemia, marginal zone lymphoma, and chronic graft versus host disease; VENCLEXTA, a BCL-2 inhibitor used to treat adults with CLL or SLL; VIEKIRA PAK, an interferon-free therapy to treat adults with genotype 1 chronic hepatitis C virus (HCV); TECHNIVIE to treat adults with genotype 4 HCV infection; and MAVYRET to treat patients with chronic HCV genotype 1-6 infection. It also provides KALETRA, an anti-human immunodeficiency virus (HIV)-1 medicine used with other anti-HIV-1 medications to maintain viral suppression in HIV-1 patients; NORVIR, a protease inhibitor indicated in combination with other antiretroviral agents to treat HIV-1; and SYNAGIS to prevent respiratory syncytial virus infection at-risk infants. In addition, it offers AndroGel, a testosterone replacement therapy; CREON, a pancreatic enzyme therapy; Synthroid to treat hypothyroidism; and Lupron to treat prostate cancer, endometriosis, and central precocious puberty, as well as anemia. Further, it provides Duopa and Duodopa, a levodopa-carbidopa intestinal gel to treat Parkinson's disease; Sevoflurane, an anesthesia product; and ORILISSA, a non-peptide molecule gonadotropin-releasing hormone antagonist. It has collaborations with Alector, Inc.; Janssen Biotech, Inc.; Galapagos; Bristol-Myers Squibb Company; Calico Life Sciences LLC; Cystic Fibrosis Foundation; Dragonfly Therapeutics, Inc.; and Pan-Canadian Pharmaceutical Alliance. The company was incorporated in 2012 and is headquartered in North Chicago, Illinois.