Amgen Inc (AMGN) — Tangible Net Worth Ratio
Amgen Inc (AMGN) has a Tangible Net Worth Ratio of -157.3% as of December 2025. This metric is calculated by deducting intangible assets ($22.28 Billion) from net assets ($8.66 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See working capital to net assets of Amgen Inc to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Amgen Inc Tangible Net Worth Ratio (1985–2025)
This chart shows how Amgen Inc's Tangible Net Worth Ratio has changed across 41 annual periods from 1985 to 2025. As of December 2025, the ratio stands at -157.3%, reflecting net assets of $8.66 Billion with intangible assets of $22.28 Billion USD. See Amgen Inc defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Amgen Inc (1985–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Amgen Inc from 1985 to 2025, covering 41 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see how much is Amgen Inc worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -157.3% | $8.66 Billion | $22.28 Billion | $90.59 Billion | ▲ +214.0 pp |
| 2024 | -371.3% | $5.88 Billion | $27.70 Billion | $91.84 Billion | ▲ +52.5 pp |
| 2023 | -423.8% | $6.23 Billion | $32.64 Billion | $97.15 Billion | ▼ -84.5 pp |
| 2022 | -339.2% | $3.66 Billion | $16.08 Billion | $65.12 Billion | ▼ -212.6 pp |
| 2021 | -126.6% | $6.70 Billion | $15.18 Billion | $61.16 Billion | ▼ -50.3 pp |
| 2020 | -76.3% | $9.41 Billion | $16.59 Billion | $62.95 Billion | ▲ +24.4 pp |
| 2019 | -100.7% | $9.67 Billion | $19.41 Billion | $59.71 Billion | ▼ -141.1 pp |
| 2018 | 40.5% | $12.50 Billion | $7.44 Billion | $66.42 Billion | ▼ -25.4 pp |
| 2017 | 65.9% | $25.24 Billion | $8.61 Billion | $79.95 Billion | ▲ +0.3 pp |
| 2016 | 65.6% | $29.88 Billion | $10.28 Billion | $77.63 Billion | ▲ +6.9 pp |
| 2015 | 58.7% | $28.21 Billion | $11.64 Billion | $71.58 Billion | ▲ +8.0 pp |
| 2014 | 50.8% | $25.78 Billion | $12.69 Billion | $69.01 Billion | ▲ +10.8 pp |
| 2013 | 40.0% | $22.10 Billion | $13.26 Billion | $66.12 Billion | ▼ -39.2 pp |
| 2012 | 79.2% | $19.06 Billion | $3.97 Billion | $54.30 Billion | ▼ -7.2 pp |
| 2011 | 86.4% | $19.03 Billion | $2.58 Billion | $48.87 Billion | ▼ -4.3 pp |
| 2010 | 90.7% | $23.94 Billion | $2.23 Billion | $43.49 Billion | ▲ +25.4 pp |
| 2009 | 65.3% | $22.67 Billion | $7.87 Billion | $39.63 Billion | ▼ -20.1 pp |
| 2008 | 85.3% | $20.39 Billion | $2.99 Billion | $36.44 Billion | ▲ +4.0 pp |
| 2007 | 81.4% | $17.87 Billion | $3.33 Billion | $34.64 Billion | ▲ +1.1 pp |
| 2006 | 80.2% | $18.96 Billion | $3.75 Billion | $33.79 Billion | ▲ +49.9 pp |
| 2005 | 30.4% | $20.45 Billion | $14.24 Billion | $29.30 Billion | ▲ +4.3 pp |
| 2004 | 26.1% | $19.70 Billion | $14.56 Billion | $29.22 Billion | ▼ -1.4 pp |
| 2003 | 27.5% | $19.45 Billion | $14.11 Billion | $26.18 Billion | ▲ +7.7 pp |
| 2002 | 19.8% | $18.29 Billion | $14.67 Billion | $24.46 Billion | ▼ -80.2 pp |
| 2001 | 100.0% | $5.22 Billion | $0.00 | $6.44 Billion | ▲ +0.0 pp |
| 2000 | 100.0% | $4.31 Billion | $0.00 | $5.40 Billion | ▲ +0.0 pp |
| 1999 | 100.0% | $3.02 Billion | $0.00 | $4.08 Billion | ▲ +0.0 pp |
| 1998 | 100.0% | $2.56 Billion | $0.00 | $3.67 Billion | ▲ +0.0 pp |
| 1997 | 100.0% | $2.14 Billion | $0.00 | $3.11 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | $1.91 Billion | $0.00 | $2.77 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | $1.67 Billion | $0.00 | $2.43 Billion | ▲ +0.0 pp |
| 1994 | 100.0% | $1.27 Billion | $0.00 | $1.99 Billion | ▲ +0.0 pp |
| 1993 | 100.0% | $1.17 Billion | $0.00 | $1.77 Billion | ▲ +0.0 pp |
| 1992 | 100.0% | $933.70 Million | $0.00 | $1.37 Billion | ▲ +0.0 pp |
| 1991 | 100.0% | $531.10 Million | $0.00 | $865.50 Million | ▲ +0.0 pp |
| 1990 | 100.0% | $398.00 Million | $0.00 | $514.00 Million | ▲ +0.0 pp |
| 1989 | 100.0% | $188.10 Million | $0.00 | $308.10 Million | ▲ +0.0 pp |
| 1988 | 100.0% | $161.90 Million | $0.00 | $207.10 Million | ▲ +0.0 pp |
| 1987 | 100.0% | $163.50 Million | $0.00 | $192.80 Million | ▲ +0.0 pp |
| 1986 | 100.0% | $84.00 Million | $0.00 | $96.80 Million | ▲ +0.0 pp |
| 1985 | 100.0% | $80.60 Million | $0.00 | $93.70 Million | — |