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 September 29, 2021 was 1.01 (a 11.97% increase compared to previous quarter)
  • Year-over-year quarterly Current Ratio increased by 20.33%
  • Annual Current Ratio for 2020 was 0.84 (a -73.46% decrease from previous year)
  • 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)
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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
2021 1.01 0.91 0.83
2020 0.84 0.95 0.86 3.14 0.84
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

Business Profile of AbbVie Inc.

Sector: Healthcare
Industry: Drug Manufacturers General
AbbVie Inc. discovers, develops, manufactures, and sells pharmaceuticals in the worldwide. The company offers HUMIRA, a therapy administered as an injection for autoimmune and intestinal Behçet's diseases; SKYRIZI to treat moderate to severe plaque psoriasis in adults; RINVOQ, a JAK inhibitor for the treatment of moderate to severe active rheumatoid arthritis in adult patients; IMBRUVICA to treat adult patients with chronic lymphocytic leukemia (CLL), small lymphocytic lymphoma (SLL), mantle cell lymphoma, waldenström's macroglobulinemia, marginal zone lymphoma, and chronic graft versus host disease; VENCLEXTA, a BCL-2 inhibitor used to treat adults with CLL or SLL; and MAVYRET to treat patients with chronic HCV genotype 1-6 infection. It also provides CREON, a pancreatic enzyme therapy for exocrine pancreatic insufficiency; Synthroid used in the treatment of hypothyroidism; AndroGel for males diagnosed with symptomatic low testosterone; Linzess/Constella to treat irritable bowel syndrome with constipation and chronic idiopathic constipation; Lupron for the palliative treatment of advanced prostate cancer, endometriosis and central precocious puberty, and patients with anemia caused by uterine fibroids; and Botox therapeutic. In addition, the company offers ORILISSA, a nonpeptide small molecule gonadotropin-releasing hormone antagonist for women with moderate to severe endometriosis pain; Duopa and Duodopa, a levodopa-carbidopa intestinal gel to treat Parkinson's disease; Lumigan/Ganfort, a bimatoprost ophthalmic solution for the reduction of elevated intraocular pressure (IOP) in patients with open angle glaucoma (OAG) or ocular hypertension; Ubrelvy to treat migraine with or without aura in adults; Alphagan/ Combigan, an alpha-adrenergic receptor agonist for the reduction of IOP in patients with OAG; and Restasis, a calcineurin inhibitor immunosuppressant to increase tear production. The company was incorporated in 2012 and is based in North Chicago, Illinois.