Stock Analysis on Net

Johnson Controls International plc (NYSE:JCI)

This company has been moved to the archive! The financial data has not been updated since May 1, 2024.

Analysis of Solvency Ratios
Quarterly Data

Microsoft Excel

Solvency Ratios (Summary)

Johnson Controls International plc, solvency ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017
Debt Ratios
Debt to equity 0.68 0.64 0.53 0.60 0.66 0.61 0.55 0.59 0.58 0.47 0.44 0.44 0.44 0.45 0.45 0.45 0.39 0.38 0.37 0.36 0.62 0.59 0.52 0.58 0.58 0.61
Debt to capital 0.41 0.39 0.35 0.37 0.40 0.38 0.36 0.37 0.37 0.32 0.31 0.30 0.31 0.31 0.31 0.31 0.28 0.27 0.27 0.26 0.38 0.37 0.34 0.37 0.37 0.38
Debt to assets 0.25 0.24 0.21 0.23 0.24 0.23 0.21 0.22 0.22 0.19 0.18 0.18 0.19 0.19 0.19 0.20 0.17 0.17 0.17 0.17 0.26 0.25 0.23 0.24 0.24 0.25
Financial leverage 2.78 2.63 2.55 2.62 2.73 2.67 2.59 2.65 2.60 2.45 2.39 2.36 2.33 2.35 2.34 2.32 2.23 2.20 2.14 2.12 2.42 2.39 2.31 2.38 2.39 2.42

Based on: 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-K (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-K (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Johnson Controls International plc debt to equity ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Johnson Controls International plc debt to capital ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Johnson Controls International plc debt to assets ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Johnson Controls International plc financial leverage ratio increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Debt to Equity

Johnson Controls International plc, debt to equity calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Short-term debt 2,210 1,998 385 186 1,737 1,026 669 2,081 2,044 392 8 265 248 11 31 1,321 344 20 10 20 2,862 2,319 1,315 1,559 1,111 1,514
Current portion of long-term debt 1,165 652 645 1,081 922 937 865 217 240 220 226 196 196 453 262 1,102 1,086 1,342 501 501 1,106 1 26 24 25 91
Long-term debt, less current portion 7,348 7,959 7,818 8,497 7,832 7,784 7,426 7,194 7,366 7,437 7,506 7,318 7,323 7,469 7,526 5,671 5,640 5,920 6,708 6,804 8,418 9,588 9,654 10,373 10,962 10,895
Total debt 10,723 10,609 8,848 9,764 10,491 9,747 8,960 9,492 9,650 8,049 7,740 7,779 7,767 7,933 7,819 8,094 7,070 7,282 7,219 7,325 12,386 11,908 10,995 11,956 12,098 12,500
 
Shareholders’ equity attributable to Johnson Controls 15,658 16,698 16,545 16,324 15,890 16,046 16,268 15,988 16,536 17,249 17,562 17,840 17,698 17,656 17,447 17,805 18,084 19,329 19,766 20,363 20,036 20,102 21,164 20,773 20,874 20,535
Solvency Ratio
Debt to equity1 0.68 0.64 0.53 0.60 0.66 0.61 0.55 0.59 0.58 0.47 0.44 0.44 0.44 0.45 0.45 0.45 0.39 0.38 0.37 0.36 0.62 0.59 0.52 0.58 0.58 0.61
Benchmarks
Debt to Equity, Competitors2
Boeing Co. 117.95
Caterpillar Inc. 2.18 2.15 1.94 1.81 2.07 2.04 2.33 2.34 2.35 2.20 2.29 2.21 2.23 2.30 2.42 2.55 2.81 2.61 2.58 2.54 2.45 2.32
Eaton Corp. plc 0.51 0.48 0.49 0.50 0.52 0.50 0.51 0.56 0.59 0.58 0.52 0.57 0.79 0.68 0.54 0.57 0.58 0.59 0.52 0.51 0.50 0.47
GE Aerospace 1.06 0.69 0.77 0.73 0.70 0.71 0.89 0.97 0.94 0.86 0.87 1.68 1.90 2.12 2.11 2.39 2.43 2.41 3.21 3.34 2.95 3.06
Honeywell International Inc. 1.65 1.53 1.29 1.18 1.24 1.13 1.17 0.96 1.09 1.05 1.06 1.19 1.19 1.19 1.28 1.23 1.22 0.91 0.87 1.03 0.91 0.86
Lockheed Martin Corp. 3.12 2.92 2.55 1.88 1.90 1.62 1.68 0.96 1.02 1.16 1.07 1.21 1.87 1.93 2.02 2.56 3.38 3.68 4.05 3.48 4.75 5.65
RTX Corp. 0.71 0.71 0.73 0.51 0.49 0.47 0.44 0.48 0.45 0.43 0.43 0.44 0.44 0.44 0.44 0.48 0.49 1.18 1.04 1.10 1.11 1.14

Based on: 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-K (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-K (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31).

1 Q2 2024 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity attributable to Johnson Controls
= 10,723 ÷ 15,658 = 0.68

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Johnson Controls International plc debt to equity ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Debt to Capital

Johnson Controls International plc, debt to capital calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Short-term debt 2,210 1,998 385 186 1,737 1,026 669 2,081 2,044 392 8 265 248 11 31 1,321 344 20 10 20 2,862 2,319 1,315 1,559 1,111 1,514
Current portion of long-term debt 1,165 652 645 1,081 922 937 865 217 240 220 226 196 196 453 262 1,102 1,086 1,342 501 501 1,106 1 26 24 25 91
Long-term debt, less current portion 7,348 7,959 7,818 8,497 7,832 7,784 7,426 7,194 7,366 7,437 7,506 7,318 7,323 7,469 7,526 5,671 5,640 5,920 6,708 6,804 8,418 9,588 9,654 10,373 10,962 10,895
Total debt 10,723 10,609 8,848 9,764 10,491 9,747 8,960 9,492 9,650 8,049 7,740 7,779 7,767 7,933 7,819 8,094 7,070 7,282 7,219 7,325 12,386 11,908 10,995 11,956 12,098 12,500
Shareholders’ equity attributable to Johnson Controls 15,658 16,698 16,545 16,324 15,890 16,046 16,268 15,988 16,536 17,249 17,562 17,840 17,698 17,656 17,447 17,805 18,084 19,329 19,766 20,363 20,036 20,102 21,164 20,773 20,874 20,535
Total capital 26,381 27,307 25,393 26,088 26,381 25,793 25,228 25,480 26,186 25,298 25,302 25,619 25,465 25,589 25,266 25,899 25,154 26,611 26,985 27,688 32,422 32,010 32,159 32,729 32,972 33,035
Solvency Ratio
Debt to capital1 0.41 0.39 0.35 0.37 0.40 0.38 0.36 0.37 0.37 0.32 0.31 0.30 0.31 0.31 0.31 0.31 0.28 0.27 0.27 0.26 0.38 0.37 0.34 0.37 0.37 0.38
Benchmarks
Debt to Capital, Competitors2
Boeing Co. 1.45 1.55 1.49 1.47 1.42 1.39 1.39 1.45 1.35 1.36 1.35 1.30 1.36 1.40 1.40 1.24 1.23 1.33 1.46 1.20 1.38 0.99
Caterpillar Inc. 0.69 0.68 0.66 0.64 0.67 0.67 0.70 0.70 0.70 0.69 0.70 0.69 0.69 0.70 0.71 0.72 0.74 0.72 0.72 0.72 0.71 0.70
Eaton Corp. plc 0.34 0.32 0.33 0.33 0.34 0.34 0.34 0.36 0.37 0.37 0.34 0.36 0.44 0.40 0.35 0.36 0.37 0.37 0.34 0.34 0.33 0.32
GE Aerospace 0.51 0.41 0.43 0.42 0.41 0.41 0.47 0.49 0.48 0.46 0.47 0.63 0.65 0.68 0.68 0.70 0.71 0.71 0.76 0.77 0.75 0.75
Honeywell International Inc. 0.62 0.61 0.56 0.54 0.55 0.53 0.54 0.49 0.52 0.51 0.51 0.54 0.54 0.54 0.56 0.55 0.55 0.48 0.46 0.51 0.48 0.46
Lockheed Martin Corp. 0.76 0.74 0.72 0.65 0.66 0.62 0.63 0.49 0.50 0.54 0.52 0.55 0.65 0.66 0.67 0.72 0.77 0.79 0.80 0.78 0.83 0.85
RTX Corp. 0.42 0.41 0.42 0.34 0.33 0.32 0.31 0.32 0.31 0.30 0.30 0.30 0.31 0.31 0.31 0.32 0.33 0.54 0.51 0.52 0.53 0.53

Based on: 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-K (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-K (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31).

1 Q2 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 10,723 ÷ 26,381 = 0.41

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Johnson Controls International plc debt to capital ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Debt to Assets

Johnson Controls International plc, debt to assets calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Short-term debt 2,210 1,998 385 186 1,737 1,026 669 2,081 2,044 392 8 265 248 11 31 1,321 344 20 10 20 2,862 2,319 1,315 1,559 1,111 1,514
Current portion of long-term debt 1,165 652 645 1,081 922 937 865 217 240 220 226 196 196 453 262 1,102 1,086 1,342 501 501 1,106 1 26 24 25 91
Long-term debt, less current portion 7,348 7,959 7,818 8,497 7,832 7,784 7,426 7,194 7,366 7,437 7,506 7,318 7,323 7,469 7,526 5,671 5,640 5,920 6,708 6,804 8,418 9,588 9,654 10,373 10,962 10,895
Total debt 10,723 10,609 8,848 9,764 10,491 9,747 8,960 9,492 9,650 8,049 7,740 7,779 7,767 7,933 7,819 8,094 7,070 7,282 7,219 7,325 12,386 11,908 10,995 11,956 12,098 12,500
 
Total assets 43,457 43,981 42,242 42,780 43,420 42,797 42,158 42,324 42,991 42,222 41,890 42,135 41,180 41,424 40,815 41,278 40,402 42,513 42,287 43,069 48,489 48,016 48,797 49,406 49,952 49,767
Solvency Ratio
Debt to assets1 0.25 0.24 0.21 0.23 0.24 0.23 0.21 0.22 0.22 0.19 0.18 0.18 0.19 0.19 0.19 0.20 0.17 0.17 0.17 0.17 0.26 0.25 0.23 0.24 0.24 0.25
Benchmarks
Debt to Assets, Competitors2
Boeing Co. 0.41 0.36 0.38 0.39 0.39 0.41 0.42 0.42 0.42 0.43 0.42 0.43 0.43 0.42 0.42 0.38 0.38 0.27 0.20 0.19 0.15 0.12
Caterpillar Inc. 0.45 0.45 0.43 0.43 0.44 0.44 0.45 0.45 0.46 0.46 0.46 0.46 0.46 0.47 0.47 0.50 0.50 0.49 0.48 0.49 0.46 0.45
Eaton Corp. plc 0.25 0.24 0.24 0.25 0.25 0.25 0.25 0.26 0.28 0.27 0.25 0.27 0.33 0.30 0.25 0.26 0.27 0.27 0.25 0.25 0.25 0.24
GE Aerospace 0.16 0.13 0.13 0.13 0.13 0.14 0.17 0.17 0.18 0.18 0.18 0.27 0.27 0.29 0.30 0.31 0.32 0.32 0.34 0.35 0.34 0.34
Honeywell International Inc. 0.40 0.38 0.33 0.33 0.34 0.32 0.31 0.28 0.31 0.31 0.30 0.33 0.33 0.34 0.35 0.35 0.35 0.28 0.27 0.31 0.28 0.28
Lockheed Martin Corp. 0.35 0.35 0.33 0.31 0.31 0.29 0.29 0.22 0.22 0.23 0.23 0.23 0.23 0.24 0.24 0.25 0.26 0.26 0.27 0.28 0.28 0.29
RTX Corp. 0.26 0.27 0.27 0.22 0.22 0.21 0.20 0.21 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.33 0.31 0.32 0.33 0.33

Based on: 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-K (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-K (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31).

1 Q2 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 10,723 ÷ 43,457 = 0.25

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Johnson Controls International plc debt to assets ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Financial Leverage

Johnson Controls International plc, financial leverage calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Total assets 43,457 43,981 42,242 42,780 43,420 42,797 42,158 42,324 42,991 42,222 41,890 42,135 41,180 41,424 40,815 41,278 40,402 42,513 42,287 43,069 48,489 48,016 48,797 49,406 49,952 49,767
Shareholders’ equity attributable to Johnson Controls 15,658 16,698 16,545 16,324 15,890 16,046 16,268 15,988 16,536 17,249 17,562 17,840 17,698 17,656 17,447 17,805 18,084 19,329 19,766 20,363 20,036 20,102 21,164 20,773 20,874 20,535
Solvency Ratio
Financial leverage1 2.78 2.63 2.55 2.62 2.73 2.67 2.59 2.65 2.60 2.45 2.39 2.36 2.33 2.35 2.34 2.32 2.23 2.20 2.14 2.12 2.42 2.39 2.31 2.38 2.39 2.42
Benchmarks
Financial Leverage, Competitors2
Boeing Co. 961.67
Caterpillar Inc. 4.86 4.75 4.49 4.24 4.68 4.61 5.16 5.19 5.16 4.82 5.02 4.85 4.85 4.87 5.11 5.13 5.57 5.35 5.38 5.22 5.34 5.10
Eaton Corp. plc 2.05 2.00 2.02 2.03 2.05 2.04 2.06 2.14 2.15 2.12 2.07 2.14 2.39 2.27 2.13 2.14 2.14 2.17 2.04 2.01 1.98 1.95
GE Aerospace 6.62 5.49 5.96 5.47 5.23 5.20 5.16 5.75 5.35 4.92 4.93 6.33 7.09 7.30 7.13 7.64 7.62 7.43 9.40 9.42 8.71 8.96
Honeywell International Inc. 4.09 3.99 3.88 3.56 3.60 3.54 3.73 3.40 3.55 3.45 3.47 3.60 3.56 3.53 3.68 3.51 3.50 3.25 3.17 3.32 3.23 3.12
Lockheed Martin Corp. 8.92 8.27 7.67 6.11 6.17 5.66 5.71 4.35 4.53 5.15 4.64 5.38 7.99 8.15 8.43 10.25 13.22 14.29 15.20 12.66 16.79 19.34
RTX Corp. 2.73 2.65 2.71 2.33 2.24 2.22 2.19 2.25 2.26 2.20 2.21 2.23 2.23 2.24 2.25 2.37 2.40 3.54 3.34 3.44 3.41 3.46

Based on: 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-K (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-K (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31).

1 Q2 2024 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity attributable to Johnson Controls
= 43,457 ÷ 15,658 = 2.78

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Johnson Controls International plc financial leverage ratio increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.