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 June 29, 2020 was 0.86 (a -72.55% decrease compared to previous quarter)
  • Year-over-year quarterly Current Ratio decreased by -25.18%
  • 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
2020 0.86 3.14
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 pharmaceuticals in the United States, Japan, Germany, Canada, France, Spain, Italy, the Netherlands, the United Kingdom, Brazil, and internationally. 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; 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 SYNAGIS that protects at-risk infants from severe respiratory disease; KALETRA, a prescription anti-HIV-1 medicine; CREON, a pancreatic enzyme therapy for exocrine pancreatic insufficiency; Synthroid used in the treatment of hypothyroidism; AndroGel for males diagnosed with symptomatic low testosterone; and Lupron, a product for the palliative treatment of advanced prostate cancer, endometriosis and central precocious puberty, and patients with anemia caused by uterine fibroids. In addition, the company offers ORILISSA, a nonpeptide small molecule gonadotropin-releasing hormone antagonist; Duopa and Duodopa, a levodopa-carbidopa intestinal gel to treat Parkinson's disease; and Sevoflurane, an anesthesia product. It has collaborations with Calico Life Sciences LLC; Alector, Inc.; Janssen Biotech, Inc.; Jacobio Pharmaceuticals; I-Mab; and Genmab A/S. The company was incorporated in 2012 and is based in North Chicago, Illinois.