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Amgen Inc. (AMGN) Debt to Equity Ratio: 6.31

Is Amgen Inc.’s debt to equity ratio high or low?

Amgen Inc.'s debt to equity ratio of 6.31 is 18% below its 5-year average of 7.67, around the middle of its 5-year range (3.51–10.64).

The debt to equity ratio for Amgen Inc. (AMGN) is 6.31 as of Tuesday, June 9, 2026. It is below its 12-month average by 23.70% (8.27).

AMGN Debt to Equity Ratio Chart

AMGN Debt to Equity Ratio
6.31-38.32% 1Y
Zoom

AMGN Average Debt to Equity Ratio Chart

AMGN Current vs Average Debt to Equity Ratio Chart

AMGN Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

6.31

DEBT TO EQUITY RATIO AVG TTM

8.27

DEBT TO EQUITY RATIO AVG 3Y

9.39

DEBT TO EQUITY RATIO AVG 5Y

7.67

DEBT TO EQUITY RATIO AVG 10Y

5.05

DEBT TO EQUITY RATIO AVG 15Y

3.83

DEBT TO EQUITY RATIO AVG 20Y

3.02

CURRENT VS TTM AVG

-23.70%

CURRENT VS 3Y AVG

-32.78%

CURRENT VS 5Y AVG

-17.75%

CURRENT VS 10Y AVG

+25.04%

CURRENT VS 15Y AVG

+64.89%

CURRENT VS 20Y AVG

+108.68%

AMGN Competitors' Debt to Equity Ratio

NAMEMARKET CAPDEBT TO EQUITY RATIOTTM3Y5Y
Amgen Inc. (AMGN)6.318.279.397.67
Thermo Fisher Scientific Inc. (TMO)$183.61B0.760.710.760.76
Abbott Laboratories (ABT)$158.94B0.290.300.380.44
Gilead Sciences, Inc. (GILD)$155.82B1.091.231.191.29
Intuitive Surgical, Inc. (ISRG)$151.09B0.020.010.010.01
Pfizer Inc. (PFE)$146.48B0.780.770.680.63
Danaher Corporation (DHR)$133.37B0.350.350.370.43
CVS Health Corporation (CVS)$123.84B1.241.171.091.10
Bristol-Myers Squibb Company (BMY)$115.34B2.552.842.101.84
Vertex Pharmaceuticals Incorporated (VRTX)$113.14B0.210.160.110.11

Financial Health

Debt/Equity

6.31

Current Ratio

1.14

Amgen Inc. Debt to Equity Ratio Formula & Definition

Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Amgen Inc. Debt to Equity Ratio FAQ

What is the debt to equity ratio for Amgen Inc. (AMGN)?
The debt to equity ratio for AMGN stock is 6.31.
Is Amgen Inc.'s debt to equity ratio high or low?
Amgen Inc.'s debt to equity ratio of 6.31 is 18% below its 5-year average of 7.67, around the middle of its 5-year range (3.51–10.64).
What is the TTM average debt to equity ratio for Amgen Inc. (AMGN)?
The TTM average debt to equity ratio for AMGN stock is 8.27.
What is the 3Y average debt to equity ratio for Amgen Inc. (AMGN)?
The 3Y average debt to equity ratio for AMGN stock is 9.39.
What is the 5Y average debt to equity ratio for Amgen Inc. (AMGN)?
The 5Y average debt to equity ratio for AMGN stock is 7.67.
What is the 10Y average debt to equity ratio for Amgen Inc. (AMGN)?
The 10Y average debt to equity ratio for AMGN stock is 5.05.
What is the 15Y average debt to equity ratio for Amgen Inc. (AMGN)?
The 15Y average debt to equity ratio for AMGN stock is 3.83.
What is the 20Y average debt to equity ratio for Amgen Inc. (AMGN)?
The 20Y average debt to equity ratio for AMGN stock is 3.02.

Amgen Inc. Debt to Equity Ratio History

DATEDEBT TO EQUITY RATIO
2025-12-316.31
2024-12-3110.23
2023-12-3110.37
2022-12-3110.64
2021-12-314.97
2020-12-313.51
2019-12-313.09
2018-12-312.71
2017-12-311.40
2016-12-311.16
2015-12-311.12
2014-12-311.19
2013-12-311.45
2012-12-311.39
2011-12-311.13
2010-12-310.56
2009-12-310.47
2008-12-310.50
2007-12-310.63
2006-12-310.48
2005-12-310.19
2004-12-310.26
2003-12-310.16
2002-12-310.17
2001-12-310.06
2000-12-310.07
1999-12-310.11
1998-12-310.13
1997-12-310.12
1996-12-310.09

About Amgen Inc.

Amgen Inc., established in 1980 and headquartered in Thousand Oaks, California, is a global biotechnology leader focused on discovering, developing, manufacturing, and delivering groundbreaking human medicines. The company's scientific endeavors span several critical therapeutic categories, including inflammatory conditions, oncology and hematology, bone health, cardiovascular diseases, nephrology, and neuroscience. Its extensive portfolio features a range of significant pharmaceutical products. Notable examples include Enbrel, prescribed for conditions like plaque psoriasis, rheumatoid arthritis, and psoriatic arthritis; Neulasta, which helps cancer patients by reducing the risk of infection linked to a low white blood cell count; Prolia, utilized in postmenopausal women to combat osteoporosis; and Xgeva, designed to prevent skeletal-related complications. Otezla offers relief for adult patients suffering from plaque psoriasis, psoriatic arthritis, and oral ulcers associated with Behçet's disease. Aranesp addresses anemia and low red blood cell counts, while KYPROLIS is employed to treat patients with relapsed or refractory multiple myeloma. Furthermore, Repatha plays a vital role in lowering the incidence of major cardiovascular events such as myocardial infarction, stroke, and coronary revascularization. Amgen's comprehensive product lineup also encompasses Nplate, Vectibix, MVASI, Parsabiv, EPOGEN, KANJINTI, BLINCYTO, Aimovig, EVENITY, AMGEVITATM, Sensipar/Mimpara, NEUPOGEN, IMLYGIC, Corlanor, and AVSOLA. The company distributes its therapies worldwide, primarily serving healthcare providers, including physicians and their clinics, dialysis centers, hospitals, and pharmacies. Distribution is facilitated through pharmaceutical wholesale distributors, complemented by direct-to-consumer channels. Amgen actively engages in strategic collaborations. It has partnered with entities such as Novartis Pharma AG, UCB, Bayer HealthCare LLC, BeiGene, Ltd., Eli Lilly and Company, Datos Health, and Verastem, Inc., to jointly assess VS-6766 when combined with lumakrastm (Sotorasib) in patients with KRAS G12C-mutant non-small cell lung cancer. Another key alliance involves Kyowa Kirin Co., Ltd., for the co-development and commercialization of KHK4083, a Phase 3-ready anti-OX40 fully human monoclonal antibody targeting atopic dermatitis and other autoimmune conditions. Additionally, Amgen maintains research and development partnerships with Neumora Therapeutics, Inc. and Plexium, Inc.

Thousand Oaks, CA
28,000 employees
Healthcare / Drug Manufacturers - General
Sector
Healthcare
Industry
Drug Manufacturers - General
CEO
Robert A. Bradway