Johnson & Johnson (JNJ)
Cash ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 24,105,000 | 19,980,000 | 24,878,000 | 25,473,000 | 21,859,000 | 19,728,000 | 21,183,000 | 19,170,000 | 12,889,000 | 11,355,000 | 10,983,000 | 10,463,000 | 14,487,000 | 17,604,000 | 14,332,000 | 12,671,000 | 13,985,000 | 18,965,000 | 11,174,000 | 15,530,000 |
| Short-term investments | US$ in thousands | 868,000 | 317,000 | 597,000 | 743,000 | 5,541,000 | 3,786,000 | 7,330,000 | 13,151,000 | 9,968,000 | 22,773,000 | 21,631,000 | 19,945,000 | 19,005,000 | 13,397,000 | 10,974,000 | 11,947,000 | 11,200,000 | 11,815,000 | 7,960,000 | 2,492,000 |
| Total current liabilities | US$ in thousands | 50,321,000 | 51,759,000 | 53,933,000 | 48,725,000 | 46,282,000 | 44,370,000 | 54,170,000 | 60,373,000 | 55,802,000 | 45,543,000 | 44,821,000 | 43,390,000 | 45,226,000 | 44,561,000 | 38,721,000 | 40,932,000 | 42,493,000 | 38,847,000 | 36,772,000 | 33,689,000 |
| Cash ratio | 0.50 | 0.39 | 0.47 | 0.54 | 0.59 | 0.53 | 0.53 | 0.54 | 0.41 | 0.75 | 0.73 | 0.70 | 0.74 | 0.70 | 0.65 | 0.60 | 0.59 | 0.79 | 0.52 | 0.53 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($24,105,000K
+ $868,000K)
÷ $50,321,000K
= 0.50
The cash ratio of Johnson & Johnson has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio indicates the proportion of a company's current assets held in cash or cash equivalents relative to its current liabilities.
The trend of Johnson & Johnson's cash ratio fluctuated between the range of 0.39 to 0.79 during this period. The lowest cash ratio of 0.39 was recorded on September 30, 2024, while the highest ratio of 0.79 was reported on September 30, 2020.
Overall, the cash ratio ranged from 0.39 to 0.79, reflecting variations in the company's ability to cover its current liabilities with its cash and cash equivalents over the years. It is important to note that a higher cash ratio indicates a better ability to cover short-term obligations and liquidity risk, while a lower ratio may signal potential liquidity challenges. The management of Johnson & Johnson may need to closely monitor and manage its cash position to ensure optimal liquidity levels for meeting its short-term financial obligations.
Peer comparison
Dec 31, 2024