Johnson Controls International PLC (JCI)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 42,695,000 | 42,242,000 | 42,158,000 | 41,890,000 | 40,815,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $42,695,000K
= 0.00
The debt-to-assets ratio for Johnson Controls International PLC has consistently been reported as 0.00 for the past five years from September 30, 2020, to September 30, 2024. This ratio indicates that the company has not had any debt on its balance sheet relative to its total assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company operates with a conservative capital structure, relying more on equity financing rather than debt financing. This may reflect a lower level of financial risk for the company as it indicates a strong financial position with minimal debt obligations relative to its total assets. It is important to note that while a low debt-to-assets ratio can be positive in terms of financial stability, it may also indicate potential limitations in leveraging opportunities for growth or investment.
Peer comparison
Sep 30, 2024