Abbott Laboratories, current enterprise value calculation

Current share price (P)	$114.23
No. shares of common stock outstanding	1,734,455,213
US$ in millions
Common equity (market value)¹	198,127)
Add: Preferred shares, one dollar par value, none issued (per books)	—)
Add: Noncontrolling interests in subsidiaries (per books)	224)
Total equity	198,351)
Add: Short-term borrowings (per books)	—)
Add: Current portion of long-term debt (per books)	1,080)
Add: Long-term debt, excluding current portion (per books)	13,599)
Total equity and debt	213,030)
Less: Cash and cash equivalents	6,896)
Less: Investments, primarily bank time deposits and U.S. treasury bills	383)
Enterprise value (EV)	205,751)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 114.23 × 1,734,455,213

Abbott Laboratories, EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Share price^1, 2	$114.01	$106.74	$116.79	$123.04	$87.45
No. shares of common stock outstanding¹	1,735,184,289	1,737,946,233	1,763,482,267	1,771,529,358	1,763,433,243
US$ in millions
Common equity (market value)³	197,828)	185,508)	205,957)	217,969)	154,212)
Add: Preferred shares, one dollar par value, none issued (book value)	—)	—)	—)	—)	—)
Add: Noncontrolling interests in subsidiaries (book value)	224)	219)	222)	219)	213)
Total equity	198,052)	185,727)	206,179)	218,188)	154,425)
Add: Short-term borrowings (book value)	—)	—)	—)	213)	201)
Add: Current portion of long-term debt (book value)	1,080)	2,251)	754)	7)	1,277)
Add: Long-term debt, excluding current portion (book value)	13,599)	14,522)	17,296)	18,527)	16,661)
Total equity and debt	212,731)	202,500)	224,229)	236,935)	172,564)
Less: Cash and cash equivalents	6,896)	9,882)	9,799)	6,838)	3,860)
Less: Investments, primarily bank time deposits and U.S. treasury bills	383)	288)	450)	310)	280)
Enterprise value (EV)	205,452)	192,330)	213,980)	229,787)	168,424)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Abbott Laboratories Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 114.01 × 1,735,184,289

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Abbott Laboratories EV decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.

Abbott Laboratories (NYSE:ABT)

Enterprise Value (EV)