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GuruFocus has detected 5 Warning Signs with Johnson & Johnson \$JNJ.
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Johnson & Johnson (NYSE:JNJ)
LT-Debt-to-Total-Asset
0.16 (As of Dec. 2016)

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's long-term debt divide by its total assets. Johnson & Johnson's long-term debt to total assests ratio for the quarter that ended in Dec. 2016 was 0.16.

Johnson & Johnson's long-term debt to total assets ratio increased from Dec. 2015 (0.10) to Dec. 2016 (0.16). It may suggest that Johnson & Johnson is progressively becoming more dependent on debt to grow their business.

Definition

Johnson & Johnson's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2016 is calculated as

 LT Debt to Total Assets (A: Dec. 2016 ) = Long-Term Debt (A: Dec. 2016 ) / Total Assets (A: Dec. 2016 ) = 22442 / 141208 = 0.16

Johnson & Johnson's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2016 is calculated as

 LT Debt to Total Assets (Q: Dec. 2016 ) = Long-Term Debt (Q: Dec. 2016 ) / Total Assets (Q: Dec. 2016 ) = 22442 / 141208 = 0.16

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Johnson & Johnson Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 ltd2asset 0.09 0.10 0.09 0.09 0.11 0.10 0.10 0.12 0.10 0.16

Johnson & Johnson Quarterly Data

 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 ltd2asset 0.12 0.12 0.11 0.11 0.10 0.15 0.18 0.17 0.16 0.00
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