Johnson Controls International PLC (JCI)
Debt-to-equity 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-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 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $16,698,000K
= 0.00
The debt-to-equity ratio of Johnson Controls International plc has fluctuated over the past eight quarters. The ratio stood at 0.64 as of December 31, 2023, indicating that the company had $0.64 in debt for every $1 of equity. This is an increase from the previous quarter's ratio of 0.53. The trend over the past year shows some variability, with the ratio ranging from 0.53 to 0.66. Overall, the company has maintained a moderate level of leverage, balancing its use of debt and equity to finance its operations and investments. However, the recent increase in the ratio suggests a higher reliance on debt for funding, which may carry greater financial risk. Further analysis of the company's debt structure and repayment capacity would provide more insight into the implications of this trend.
Peer comparison
Dec 31, 2023
See also:
Johnson Controls International PLC Debt to Equity (Quarterly Data)