Johnson & Johnson (MIL:1JNJ) Debt-to-Equity : 0.51 (As of Dec. 2024)

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What is Johnson & Johnson Debt-to-Equity?

Johnson & Johnson's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was €5,714 Mil. Johnson & Johnson's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was €29,272 Mil. Johnson & Johnson's Total Stockholders Equity for the quarter that ended in Dec. 2024 was €68,273 Mil. Johnson & Johnson's debt to equity for the quarter that ended in Dec. 2024 was 0.51.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Johnson & Johnson's Debt-to-Equity or its related term are showing as below:

MIL:1JNJ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.49 Max: 0.58
Current: 0.51

During the past 13 years, the highest Debt-to-Equity Ratio of Johnson & Johnson was 0.58. The lowest was 0.28. And the median was 0.49.

MIL:1JNJ's Debt-to-Equity is ranked worse than
68.36% of 828 companies
in the Drug Manufacturers industry
Industry Median: 0.28 vs MIL:1JNJ: 0.51

Johnson & Johnson Debt-to-Equity Historical Data

The historical data trend for Johnson & Johnson's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Johnson & Johnson Debt-to-Equity Chart

Johnson & Johnson Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.56

0.46

0.52

0.43

0.51

Johnson & Johnson Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.43	0.48	0.58	0.51	0.51

Competitive Comparison of Johnson & Johnson's Debt-to-Equity

For the Drug Manufacturers - General subindustry, Johnson & Johnson's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Johnson & Johnson's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Johnson & Johnson's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Johnson & Johnson's Debt-to-Equity falls into.

Johnson & Johnson Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Johnson & Johnson's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5713.765	+	29271.705)	/	68272.95
	=	0.51

Johnson & Johnson's Debt to Equity Ratio for the quarter that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5713.765	+	29271.705)	/	68272.95
	=	0.51

Johnson & Johnson (MIL:1JNJ) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Johnson & Johnson Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Johnson & Johnson's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Johnson & Johnson Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Johnson & Johnson (MIL:1JNJ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JNJ:USA JNJ:Peru JNJ:Mexico JNJ_KZ:Kazakhstan JNJd:UK 0R34:UK JNJ:Germany JNJ:Canada JNJB34:Brazil JNJ:Bulgaria JNJ:Austria JNJ:Argentina

Address

One Johnson and Johnson Plaza, New Brunswick, NJ, USA, 08933

Website

https://www.jnj.com

Johnson & Johnson is the world's largest and most diverse healthcare firm. It has two divisions: pharmaceutical and medical devices. These now represent all of the company's sales following the divestment of the consumer business, Kenvue, in 2023. The drug division focuses on the following therapeutic areas: immunology, oncology, neurology, pulmonary, cardiology, and metabolic diseases. Geographically, just over half of total revenue is generated in the United States.

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