Johnson Controls International PLC (JCI)
Debt-to-capital ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 16,098,000 | 16,545,000 | 16,268,000 | 17,562,000 | 17,447,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $16,098,000K)
= 0.00
Based on the data provided for Johnson Controls International PLC from September 30, 2020, to September 30, 2024, the debt-to-capital ratio remained consistently at 0.00 across all five years. This indicates that the company did not have any outstanding debt relative to its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that Johnson Controls International PLC funded its operations and investments primarily through equity rather than debt financing. This may be viewed positively by investors and creditors as it signifies lower financial risk and potential for greater financial stability. However, it is essential to consider other financial metrics and factors to gain a more comprehensive understanding of the company's overall financial health and performance.
Peer comparison
Sep 30, 2024