Johnson Controls International PLC (JCI)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $16,098,000K
= 0.00
Based on the data provided, Johnson Controls International PLC has consistently reported a debt-to-equity ratio of 0.00 from September 2019 to September 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt on its balance sheet relative to its equity. This may suggest that the company is either debt-free or has a very low level of debt compared to its equity.
A debt-to-equity ratio of 0.00 could imply a strong financial position, as it indicates that the company is not relying heavily on debt financing to fund its operations or growth. However, it's important to note that a low debt-to-equity ratio may also mean missed opportunities for leveraging debt to potentially generate higher returns for shareholders.
Overall, the consistent reporting of a debt-to-equity ratio of 0.00 for Johnson Controls International PLC over the past few years indicates a stable and conservative capital structure, emphasizing equity financing over debt.
Peer comparison
Sep 30, 2024
See also:
Johnson Controls International PLC Debt to Equity (Quarterly Data)