Analysis of Debt
Total Debt (Carrying Amount)
Abbott Laboratories, balance sheet: debt
US$ in millions
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).
- Short-term Borrowings
- The value of short-term borrowings is reported only for the year ending December 31, 2020, at 213 million US dollars. No data is available for the subsequent years, indicating either the absence of short-term borrowings or unreported figures for those periods.
- Current Portion of Long-term Debt
- This component shows considerable fluctuation over the years. Starting at 7,754 million US dollars in 2020, it sharply decreases to 2,251 million in 2021 and further declines to 1,080 million in 2022. In the next two years, the amount rises again to 1,500 million by the end of 2024. The significant initial drop followed by a modest increase in recent years may reflect changes in debt repayment schedules or refinancing activities.
- Long-term Debt, Excluding Current Portion
- There is a clear downward trend in long-term debt from 18,527 million US dollars in 2020 to 12,625 million in 2024. This steady reduction suggests ongoing efforts to reduce long-term liabilities or the maturity and repayment of existing debt instruments without replacing them at the same level.
- Total Debt (Carrying Amount)
- Total debt figures corroborate the trend observed in long-term debt. The total carrying amount decreases from 18,747 million US dollars in 2020 to 14,125 million in 2024. This decline signals an overall reduction in indebtedness across the period under review. The decreasing total debt, combined with the shrinking long-term debt, highlights a strategic focus on deleveraging or managing debt levels prudently.
Total Debt (Fair Value)
| Dec 31, 2024 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Short-term borrowings | —) |
| Long-term debt, including current maturities | 13,710) |
| Total debt (fair value) | 13,710) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.97 |
Based on: 10-K (reporting date: 2024-12-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt: 3.82%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 2.95% | 1,000) | 30) | |
| 3.88% | 500) | 19) | |
| 1.50% | 1,188) | 18) | |
| 3.75% | 1,700) | 64) | |
| 0.38% | 615) | 2) | |
| 1.15% | 650) | 7) | |
| 1.40% | 650) | 9) | |
| 4.75% | 1,650) | 78) | |
| 6.15% | 547) | 34) | |
| 6.00% | 515) | 31) | |
| 5.30% | 694) | 37) | |
| 4.75% | 700) | 33) | |
| 4.90% | 3,250) | 159) | |
| Total | 13,659) | 522) | |
| 3.82% | |||
Based on: 10-K (reporting date: 2024-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 522 ÷ 13,659 = 3.82%