Johnson Controls International PLC (JCI)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $16,098,000K
= 0.00
Based on the data provided, Johnson Controls International PLC has maintained a debt-to-equity ratio of 0.00 consistently from September 30, 2020, to September 30, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in relation to its equity, suggesting a conservative capital structure. This could imply that the company is relying more on equity financing rather than debt, which could potentially indicate lower financial risk. It is important to note that a debt-to-equity ratio of 0.00 might not always be ideal, as some level of debt can be beneficial for leveraging opportunities and optimizing capital structure. Further analysis of the company's financial statements and business strategy would be needed to understand the rationale behind maintaining a consistent 0.00 debt-to-equity ratio over the years.
Peer comparison
Sep 30, 2024