Johnson Controls International PLC (JCI)

Debt-to-capital ratio

Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 16,098,000 15,968,000 15,658,000 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
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

September 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $16,098,000K)
= 0.00

The debt-to-capital ratio of Johnson Controls International PLC has consistently been at 0.00 for the past several quarters, indicating that the company has not utilized any debt in its capital structure. A debt-to-capital ratio of 0.00 implies that the company's capital is entirely financed by equity, without any reliance on debt financing. This may signify a conservative financial approach, minimal financial risk, and strong financial position. However, it's important to note that a zero debt-to-capital ratio may not always be the most optimal capital structure for a company, as some level of debt can offer tax benefits and leverage for growth opportunities.


Peer comparison

Sep 30, 2024

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

See also:

Johnson Controls International PLC Debt to Capital (Quarterly Data)