Johnson & Johnson (JNJ)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 30,651,000 | 25,881,000 | 26,886,000 | 29,985,000 | 32,635,000 |
| Total assets | US$ in thousands | 180,104,000 | 167,558,000 | 187,378,000 | 182,018,000 | 174,894,000 |
| Debt-to-assets ratio | 0.17 | 0.15 | 0.14 | 0.16 | 0.19 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $30,651,000K ÷ $180,104,000K
= 0.17
The debt-to-assets ratio of Johnson & Johnson has shown a decreasing trend over the past five years. As of December 31, 2020, the ratio stood at 0.19, indicating that 19% of the company's assets were financed by debt. By December 31, 2024, the ratio had decreased to 0.17, suggesting that 17% of the assets were funded through debt. This downward trend signifies that the company has been progressively relying less on debt to finance its assets, potentially indicating a stronger financial position and lower financial risk. Overall, the decreasing debt-to-assets ratio reflects Johnson & Johnson's efforts to maintain a healthy balance between debt and equity financing.
Peer comparison
Dec 31, 2024