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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 .

Amgen Inc. logo
Amgen

AMGN

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 yearPeriod endedReportedTotal DebtYoY
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.

CompanyTotal DebtSector
Novo Nordisk A/S (NVO)$130.96BHealthcare
UnitedHealth Group Incorporated (UNH)$78.39BHealthcare
AbbVie Inc. (ABBV)$69.07BHealthcare
Merck & Co., Inc. (MRK)$50.53BHealthcare
Johnson & Johnson (JNJ)$47.93BHealthcare
Eli Lilly and Company (LLY)$42.50BHealthcare
Thermo Fisher Scientific Inc. (TMO)$40.85BHealthcare
AstraZeneca PLC (AZN)$29.70BHealthcare

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.

Metrics overview

Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.