AMGNNEUTRAL

AMGN Debt-to-Equity Ratio Analysis

6.24x

Higher than 97% of Healthcare sector peers

Updated 2981h ago·SEC filings & market data

Key Takeaway

Amgen’s debt-to-equity ratio of 6.24x means the company uses $6.24 of debt for every $1 of shareholder equity, indicating a high reliance on borrowing to fund operations.

Sector Performance

97th percentile

AMGN

6.24x

Sector Median

0.26x

Sector Avg

0.89x

Prior Period

6.31x(Apr 2026)

↑ Improving

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Deep Analysis

Amgen’s debt-to-equity ratio of 6.24x means the company uses $6.24 of debt for every $1 of shareholder equity, indicating a high reliance on borrowing to fund operations.

This is far above the healthcare sector median of 0.45x, placing Amgen in the 98th percentile among peers. Trend data is not available: the year-over-year change, quarter-over-quarter change, and last eight quarters are all listed as N/A. Without a trend, it is impossible to tell whether this extreme leverage is rising or falling, so the risk from high debt is unclear. The combination of a very high debt level and no directional information suggests caution but not an immediate red flag. This metric supports the overall NEUTRAL verdict because the elevated ratio signals potential financial risk, while the absence of trend data prevents a stronger bearish tilt.

Frequently Asked Questions

What does the Debt-to-Equity Ratio tell investors about AMGN?

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.

How is the Debt-to-Equity Ratio calculated?

Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.

How does AMGN's Debt-to-Equity Ratio compare to its sector?

AMGN's Debt-to-Equity Ratio of 6.24x compares to a Healthcare sector median of 0.26x, placing it in the 97th percentile.

Who are AMGN's closest peers by Debt-to-Equity Ratio?

The closest Healthcare peers by Debt-to-Equity Ratio include: BIO (0.17x), BIIB (0.34x), NTLA (0.13x), TECH (0.10x), BEAM (0.09x).

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Learn More About Debt-to-Equity Ratio

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Debt/Equity Ratio: How Much Debt Is Too Much?

The debt to equity ratio explained: why context, interest coverage, and sector norms matter far more than the raw number when assessing debt risk.

The Formula

Total Debt / Shareholders' Equity

Why It Matters

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.