Johnson Controls International PLC (JCI)

Debt-to-assets ratio

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands
Total assets US$ in thousands 43,981,000 42,242,000 42,780,000 43,420,000 42,797,000 42,158,000 42,324,000 42,991,000 42,222,000 41,890,000 42,135,000 41,180,000 41,424,000 40,815,000 41,278,000 40,402,000 42,513,000 42,287,000 43,069,000 48,489,000
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $43,981,000K
= 0.00

The debt-to-assets ratio of Johnson Controls International plc has been relatively stable, ranging from 0.21 to 0.24 over the past eight quarters. This indicates that the company's level of debt in relation to its total assets has remained within a narrow band during this period. A lower debt-to-assets ratio suggests lower financial risk, as it indicates that a smaller portion of the company's assets is financed by debt. However, it's important to note that a very low debt-to-assets ratio could also mean underutilization of debt as a source of financing, which may limit potential returns to shareholders. Overall, the consistency of the ratio suggests that Johnson Controls International plc has maintained a prudent balance between debt and assets in its capital structure.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-assets ratio
Johnson Controls International PLC
JCI
0.00
NV5 Global Inc
NVEE
0.00

See also:

Johnson Controls International PLC Debt to Assets (Quarterly Data)