Johnson Controls International PLC (JCI)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 42,695,000 | 43,325,000 | 43,457,000 | 43,981,000 | 42,242,000 | 42,780,000 | 43,420,000 | 42,797,000 | 42,158,000 | 42,324,000 | 42,991,000 | 42,222,000 | 41,890,000 | 42,135,000 | 41,180,000 | 41,424,000 | 40,815,000 | 41,278,000 | 40,402,000 | 42,513,000 |
| 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 |
| Financial leverage ratio | 2.65 | 2.71 | 2.78 | 2.63 | 2.55 | 2.62 | 2.73 | 2.67 | 2.59 | 2.65 | 2.60 | 2.45 | 2.39 | 2.36 | 2.33 | 2.35 | 2.34 | 2.32 | 2.23 | 2.20 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $42,695,000K ÷ $16,098,000K
= 2.65
Johnson Controls International PLC's financial leverage ratio has been fluctuating over the past few quarters, ranging from 2.20 to 2.78. The ratio indicates that the company utilizes a moderate level of financial leverage to finance its operations and growth.
The upward trend in the ratio from March 2020 to March 2024 suggests an increase in the company's reliance on debt to fund its activities during this period. However, the ratio dipped slightly in the most recent quarter, indicating a potential decrease in the proportion of debt in the company's capital structure.
Overall, the financial leverage ratio of Johnson Controls International PLC indicates a balance between debt and equity in its capital structure, allowing the company to benefit from the advantages of leverage while managing the associated risks. It is important for investors and stakeholders to monitor this ratio to assess the company's financial risk and stability.
Peer comparison
Sep 30, 2024
See also:
Johnson Controls International PLC Financial Leverage (Quarterly Data)