Johnson Controls International PLC (JCI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 16,698,000 | 16,545,000 | 16,324,000 | 15,890,000 | 16,046,000 | 16,268,000 | 15,988,000 | 16,536,000 | 17,249,000 | 17,562,000 | 17,840,000 | 17,698,000 | 17,656,000 | 17,447,000 | 17,805,000 | 18,084,000 | 19,329,000 | 19,766,000 | 20,363,000 | 20,036,000 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $16,698,000K)
= 0.00
The debt-to-capital ratio measures the proportion of a company's capital structure attributable to debt. Johnson Controls International plc's debt-to-capital ratio has exhibited some fluctuations over the past eight quarters, ranging from 0.35 to 0.40. The ratio indicates that, on average, approximately 37% of the company's capital structure is composed of debt.
The trend of the ratio suggests that the company has been managing its debt and capital structure within a relatively stable range. However, the slight increase in the ratio from the third quarter of 2023 to the fourth quarter of 2023 may indicate a potential increase in the reliance on debt to finance its operations or expansion. It would be important to monitor whether this trend continues in the following periods and to assess the company's ability to manage its debt levels effectively in the context of its overall business strategy.
Peer comparison
Dec 31, 2023
See also:
Johnson Controls International PLC Debt to Capital (Quarterly Data)