Johnson & Johnson Balance Sheet Health
Financial Health criteria checks 6/6
Johnson & Johnson has a total shareholder equity of $71.2B and total debt of $29.9B, which brings its debt-to-equity ratio to 42%. Its total assets and total liabilities are $166.1B and $94.8B respectively. Johnson & Johnson's EBIT is $27.6B making its interest coverage ratio -78. It has cash and short-term investments of $23.5B.
Key information
42.0%
Debt to equity ratio
US$29.92b
Debt
Interest coverage ratio | -78x |
Cash | US$23.51b |
Equity | US$71.23b |
Total liabilities | US$94.83b |
Total assets | US$166.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DJNJ2's short term assets ($53.7B) exceed its short term liabilities ($44.4B).
Long Term Liabilities: DJNJ2's short term assets ($53.7B) exceed its long term liabilities ($50.5B).
Debt to Equity History and Analysis
Debt Level: DJNJ2's net debt to equity ratio (9%) is considered satisfactory.
Reducing Debt: DJNJ2's debt to equity ratio has reduced from 48.4% to 42% over the past 5 years.
Debt Coverage: DJNJ2's debt is well covered by operating cash flow (67.8%).
Interest Coverage: DJNJ2 earns more interest than it pays, so coverage of interest payments is not a concern.