Abbott Laboratories

NYSE ABT

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Abbott Laboratories Cash Flow Coverage Ratio for the year ending December 31, 2023: 7.94

Abbott Laboratories Cash Flow Coverage Ratio is 7.94 for the year ending December 31, 2023, a -61.84% change year over year. The cash flow coverage ratio evaluates a company's ability to cover its interest expense with its operating cash flow after deducting capital expenditures. It is calculated by dividing the difference between operating cash flow and capital expenditures by interest expense. This ratio indicates the company's ability to generate enough cash flow to service its interest payments. A higher ratio signifies better coverage and financial stability.
  • Abbott Laboratories Cash Flow Coverage Ratio for the year ending December 31, 2022 was 20.81, a 17.91% change year over year.
  • Abbott Laboratories Cash Flow Coverage Ratio for the year ending December 31, 2021 was 17.65, a 54.17% change year over year.
  • Abbott Laboratories Cash Flow Coverage Ratio for the year ending December 31, 2020 was 11.45, a 46.60% change year over year.
  • Abbott Laboratories Cash Flow Coverage Ratio for the year ending December 31, 2019 was 7.81, a 14.76% change year over year.
NYSE: ABT

Abbott Laboratories

CEO Mr. Robert B. Ford
IPO Date Jan. 13, 1978
Location United States
Headquarters 100 Abbott Park Road, North Chicago, IL, United States, 60064-6400
Employees 114,000
Sector Healthcare
Industry Medical devices
Description

Abbott Laboratories, together with its subsidiaries, discovers, develops, manufactures, and sells health care products worldwide. It operates in four segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Medical Devices. The company provides generic pharmaceuticals for the treatment of pancreatic exocrine insufficiency, irritable bowel syndrome or biliary spasm, intrahepatic cholestasis or depressive symptoms, gynecological disorder, hormone replacement therapy, dyslipidemia, hypertension, hypothyroidism, Ménière's disease and vestibular vertigo, pain, fever, inflammation, and migraine, as well as provides anti-infective clarithromycin, influenza vaccine, and products to regulate physiological rhythm of the colon. It also offers laboratory and transfusion medicine systems in the areas of immunoassay, clinical chemistry, hematology, and transfusion; molecular diagnostics polymerase chain reaction instrument systems that automate the extraction, purification, and preparation of DNA and RNA from patient samples, and detect and measure infectious agents; point of care systems; cartridges for testing blood gas, chemistry, electrolytes, coagulation, and immunoassay; rapid diagnostics lateral flow testing products; molecular point-of-care testing for HIV, SARS-CoV-2, influenza A and B, RSV, and strep A; cardiometabolic test systems; drug and alcohol test, and remote patient monitoring and consumer self-test systems; and informatics and automation solutions for laboratories. In addition, the company provides pediatric and adult nutritional products; rhythm management, electrophysiology, heart failure, vascular, and structural heart devices for the treatment of cardiovascular diseases; diabetes care products, such as glucose and blood glucose monitoring systems; and neuromodulation devices for the management of chronic pain and movement disorders. Abbott Laboratories was founded in 1888 and is based in North Chicago, Illinois.

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September 20, 2024

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