Stock Analysis on Net

AbbVie Inc. (NYSE:ABBV)

Analysis of Debt

Microsoft Excel

Total Debt (Carrying Amount)

AbbVie Inc., balance sheet: debt

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Short-term borrowings 1 14 34
Current portion of long-term debt and finance lease obligations 6,804 7,191 4,135 12,481 8,468
Long-term debt and finance lease obligations, excluding current portion 60,340 52,194 59,135 64,189 77,554
Total debt and finance lease obligations (carrying amount) 67,144 59,385 63,271 76,684 86,056

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Debt item Description The company
Total debt and finance lease obligations (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. AbbVie Inc. total debt decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Total Debt (Fair Value)

Microsoft Excel
Dec 31, 2024
Selected Financial Data (US$ in millions)
Short-term borrowings
Current portion of long-term debt and finance lease obligations, excluding fair value hedges 6,767
Long-term debt and finance lease obligations, excluding fair value hedges and financing liability 55,836
Fair value hedges and financing liability 104
Total debt and finance lease obligations (fair value) 62,707
Financial Ratio
Debt, fair value to carrying amount ratio 0.93

Based on: 10-K (reporting date: 2024-12-31).


Weighted-average Interest Rate on Debt

Weighted-average effective interest rate on debt and finance lease obligations: 4.05%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
3.66% 3,750 137
2.09% 3,021 63
3.02% 4,000 121
3.28% 2,000 66
4.61% 2,000 92
0.86% 778 7
4.93% 2,250 111
4.38% 1,750 77
2.18% 778 17
1.20% 519 6
3.25% 5,500 179
1.19% 570 7
4.91% 2,500 123
1.30% 674 9
5.02% 2,000 100
5.13% 3,000 154
3.52% 1,789 63
4.58% 2,500 115
4.37% 1,000 44
4.11% 4,000 164
4.46% 2,600 116
4.00% 457 18
4.11% 1,074 44
5.39% 750 40
4.73% 2,700 128
4.20% 881 37
4.50% 2,000 90
4.94% 1,750 86
4.29% 5,750 247
5.44% 3,000 163
5.53% 1,500 83
4.20% 40 2
Total 66,881 2,708
4.05%

Based on: 10-K (reporting date: 2024-12-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × 2,708 ÷ 66,881 = 4.05%