Johnson & Johnson (JNJ)

Debt-to-assets 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
Long-term debt	US$ in thousands	30,651,000	31,289,000	31,636,000	25,082,000	25,881,000	26,051,000	33,901,000	34,928,000	26,886,000	27,603,000	28,292,000	28,851,000	29,985,000	30,130,000	30,310,000	30,263,000	32,635,000	32,680,000	25,062,000	25,393,000
Total assets	US$ in thousands	180,104,000	178,287,000	181,088,000	171,966,000	167,558,000	166,061,000	191,686,000	195,969,000	187,378,000	175,124,000	177,724,000	178,355,000	182,018,000	179,228,000	176,440,000	172,557,000	174,894,000	170,693,000	158,380,000	155,017,000
Debt-to-assets ratio		0.17	0.18	0.17	0.15	0.15	0.16	0.18	0.18	0.14	0.16	0.16	0.16	0.16	0.17	0.17	0.18	0.19	0.19	0.16	0.16

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 for Johnson & Johnson demonstrates a relatively stable trend over the analyzed periods, ranging from 0.14 to 0.19. This ratio indicates that, on average, between 14% and 19% of the company's total assets are financed by debt.

A consistent debt-to-assets ratio around 0.16 to 0.17 suggests that Johnson & Johnson has a prudent financial strategy, maintaining a healthy balance between debt and assets. This stability indicates that the company is effectively managing its debt levels in relation to its asset base.

The slight fluctuations in the ratio over time are within a reasonable range and do not indicate any significant concerns regarding the company's financial leverage. Overall, the steady and moderate debt-to-assets ratio reflects Johnson & Johnson's sound financial position and its ability to meet its obligations while leveraging its assets effectively.