Johnson Controls International PLC (JCI)
Debt-to-capital ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 16,545,000 | 16,268,000 | 17,562,000 | 17,447,000 | 19,766,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $16,545,000K)
= 0.00
The debt-to-capital ratio of Johnson Controls International plc has shown some fluctuation over the past five years. As of September 30, 2023, the debt-to-capital ratio stood at 0.35, indicating that debt accounted for approximately 35% of the company's capital structure. This ratio has slightly decreased from the previous year when it was 0.36.
Looking at the trend over the last five years, we observe that the ratio has been relatively stable, hovering around the range of 0.27 to 0.36. In 2021 and 2020, the debt-to-capital ratio was at 0.31, signifying a consistent proportion of debt in the capital structure during this period.
The increase in the debt-to-capital ratio in 2022 compared to 2021 may suggest an increase in debt relative to total capital. However, the subsequent decrease in 2023 indicates potential efforts to reduce debt levels or increase equity in the capital structure.
Overall, a debt-to-capital ratio of 0.35 as of September 30, 2023, suggests that Johnson Controls International plc continues to maintain a balance between debt and equity in its capital structure, which is essential for financial stability and risk management. It will be important to monitor future changes in the debt-to-capital ratio to assess the company's financial leverage and capital structure decisions.
Peer comparison
Sep 30, 2023