Total Debt for Amgen (AMGN)
According to Amgen's latest reported financial statements, the company's latest reported total debt is $54.60B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

AMGN
Currently viewingTotal DebtSwitch metric
Latest period
$54.60B
YoY change
-9.1%
5Y CAGR
+10.6%
Peak year (2023)
$64.61B
Latest annual
$54.60B
Total Debt history chart for Amgen (AMGN) from 1985 to 2025
Total Debt history table for Amgen (AMGN) from 1985 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $54.60B | -9.1% | ||
| 2024 | $60.10B | -7.0% | ||
| 2023 | $64.61B | +65.9% | ||
| 2022 | $38.95B | +16.9% | ||
| 2021 | $33.31B | +1.0% | ||
| 2020 | $32.99B | +10.3% | ||
| 2019 | $29.90B | -11.9% | ||
| 2018 | $33.93B | -4.0% | ||
| 2017 | $35.34B | +2.2% | ||
| 2016 | $34.60B | +10.1% | ||
| 2015 | $31.43B | +2.3% | ||
| 2014 | $30.71B | -4.4% | ||
| 2013 | $32.13B | +21.1% | ||
| 2012 | $26.53B | +23.8% | ||
| 2011 | $21.43B | +60.4% | ||
| 2010 | $13.36B | +26.0% | ||
| 2009 | $10.60B | +4.2% | ||
| 2008 | $10.18B | -9.0% | ||
| 2007 | $11.18B | +24.0% | ||
| 2006 | $9.01B | +127.7% | ||
| 2005 | $3.96B | -22.6% | ||
| 2004 | $5.11B | +65.9% | ||
| 2003 | $3.08B | -2.9% | ||
| 2002 | $3.17B | +882.0% | ||
| 2001 | $322.90M | +0.1% | ||
| 2000 | $322.70M | +0.1% | ||
| 1999 | $322.50M | -1.9% | ||
| 1998 | $328.70M | +26.9% | ||
| 1997 | $259.00M | +46.2% | ||
| 1996 | $177.20M | -28.2% | ||
| 1995 | $246.90M | -12.8% | ||
| 1994 | $283.10M | -2.7% | ||
| 1993 | $291.00M | +120.6% | ||
| 1992 | $131.90M | +217.8% | ||
| 1991 | $41.50M | +186.2% | ||
| 1990 | $14.50M | — | ||
| 1988 | $32.20M | +74.1% | ||
| 1987 | $18.50M | +143.4% | ||
| 1986 | $7.60M | -14.6% | ||
| 1985 | $8.90M | — |
Total Debt values are taken from Amgen's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Amgen (AMGN) total debt totalled $54.60B – declined 9.1% year-over-year.
Amgen total debt has recorded the values shown across consecutive periods, with a +10.6% compound annual growth rate over 2020–2025 (5 years).
Across the available history, total debt reached its high of $64.61B in 2023 and its low of $7.60M in 1986.
Amgen (AMGN) sits 4th of 8 Healthcare peers we track on this metric, against a peer median of $49.23B.
Amgen Total Debt by Year
Amgen Total Debt 2025: $54.60B
Amgen total debt in 2025 was $54.60B, declined 9.1% below 2024.
Amgen Total Debt 2024: $60.10B
Amgen total debt in 2024 was $60.10B, declined 7.0% below 2023.
Amgen Total Debt 2023: $64.61B
Amgen total debt in 2023 was $64.61B, surged 65.9% from 2022. This figure represents the highest annual value in the available history.
Amgen Total Debt 2022: $38.95B
Amgen total debt in 2022 was $38.95B, grew 16.9% from 2021.
Amgen Total Debt 2021: $33.31B
Amgen total debt in 2021 was $33.31B.
See more financial history for Amgen (AMGN).
Sector peers — Total Debt
Companies in the same sector as Amgen, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $130.96B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $78.39B | Healthcare |
| AbbVie Inc. (ABBV) | $69.07B | Healthcare |
| Merck & Co., Inc. (MRK) | $50.53B | Healthcare |
| Johnson & Johnson (JNJ) | $47.93B | Healthcare |
| Eli Lilly and Company (LLY) | $42.50B | Healthcare |
| Thermo Fisher Scientific Inc. (TMO) | $40.85B | Healthcare |
| AstraZeneca PLC (AZN) | $29.70B | Healthcare |
Frequently asked questions
What is Amgen's total debt?
- Latest reported total debt for Amgen (AMGN) is $54.60B (period ending December 31, 2025).
How has Amgen total debt changed year-over-year?
- Amgen (AMGN) total debt changed -9.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Amgen total debt?
- Amgen (AMGN) total debt compound annual growth rate is +10.6% over the most recent 5 years available.
When did Amgen total debt hit its highest annual value?
- Amgen total debt reached its highest annual value of $64.61B in 2023.
What was Amgen total debt in 2024?
- Amgen (AMGN) total debt in 2024 was $60.10B.
What was Amgen total debt in 2025?
- Amgen (AMGN) total debt in 2025 was $54.60B.
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