Johnson & Johnson Balance Sheet Health
Financial Health criteria checks 4/6
Johnson & Johnson has a total shareholder equity of $70.2B and total debt of $35.8B, which brings its debt-to-equity ratio to 51%. Its total assets and total liabilities are $178.3B and $108.1B respectively. Johnson & Johnson's EBIT is $23.1B making its interest coverage ratio -35.9. It has cash and short-term investments of $20.3B.
Key information
51.0%
Debt to equity ratio
US$35.75b
Debt
| Interest coverage ratio | -35.9x |
| Cash | US$20.30b |
| Equity | US$70.16b |
| Total liabilities | US$108.13b |
| Total assets | US$178.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JNJ0's short term assets ($53.2B) exceed its short term liabilities ($51.8B).
Long Term Liabilities: JNJ0's short term assets ($53.2B) do not cover its long term liabilities ($56.4B).
Debt to Equity History and Analysis
Debt Level: JNJ0's net debt to equity ratio (22%) is considered satisfactory.
Reducing Debt: JNJ0's debt to equity ratio has increased from 50.2% to 51% over the past 5 years.
Debt Coverage: JNJ0's debt is well covered by operating cash flow (70.3%).
Interest Coverage: JNJ0 earns more interest than it pays, so coverage of interest payments is not a concern.