Stock Analysis on Net
Stock Analysis on Net

Johnson & Johnson (NYSE:JNJ)

Debt to Equity
since 2005

Microsoft Excel

Calculation

Johnson & Johnson, debt to equity, long-term trends, calculation

Microsoft Excel
Debt to equity = Total debt1 ÷ Shareholders’ equity1
Dec 31, 2023 0.43 = 29,332 ÷ 68,774
Dec 31, 2022 0.52 = 39,659 ÷ 76,804
Dec 31, 2021 0.46 = 33,751 ÷ 74,023
Dec 31, 2020 0.56 = 35,266 ÷ 63,278
Dec 29, 2019 0.47 = 27,696 ÷ 59,471
Dec 30, 2018 0.51 = 30,480 ÷ 59,752
Dec 31, 2017 0.57 = 34,581 ÷ 60,160
Dec 31, 2016 0.39 = 27,126 ÷ 70,418
Dec 31, 2015 0.28 = 19,861 ÷ 71,150
Dec 28, 2014 0.27 = 18,760 ÷ 69,752
Dec 29, 2013 0.25 = 18,180 ÷ 74,053
Dec 30, 2012 0.25 = 16,165 ÷ 64,826
Dec 31, 2011 0.34 = 19,627 ÷ 57,080
Dec 31, 2010 0.30 = 16,773 ÷ 56,579
Dec 31, 2009 0.29 = 14,541 ÷ 50,588
Dec 28, 2008 0.28 = 11,852 ÷ 42,511
Dec 30, 2007 0.22 = 9,537 ÷ 43,319
Dec 31, 2006 0.17 = 6,593 ÷ 39,318
Dec 31, 2005 0.07 = 2,685 ÷ 37,871

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-29), 10-K (reporting date: 2018-12-30), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-28), 10-K (reporting date: 2013-12-29), 10-K (reporting date: 2012-12-30), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-28), 10-K (reporting date: 2007-12-30), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

Comparison to Competitors

Johnson & Johnson, debt to equity, long-term trends, comparison to competitors

Microsoft Excel
Johnson & Johnson AbbVie Inc. Amgen Inc. Bristol-Myers Squibb Co. Danaher Corp. Eli Lilly & Co. Gilead Sciences Inc. Merck & Co. Inc. Pfizer Inc. Regeneron Pharmaceuticals Inc. Thermo Fisher Scientific Inc. Vertex Pharmaceuticals Inc.
Dec 31, 2023 0.43 5.73 10.37 1.35 0.34 2.34 1.09 0.93 0.81 0.10 0.75 0.02
Dec 31, 2022 0.52 3.67 10.64 1.27 0.39 1.52 1.19 0.67 0.37 0.12 0.78 0.03
Dec 31, 2021 0.46 4.98 4.97 1.24 0.49 1.88 1.27 0.87 0.50 0.14 0.85 0.06
Dec 31, 2020 0.56 6.58 3.51 1.34 0.53 2.94 1.73 1.26 0.63 0.24 0.63 0.07
Dec 29, 2019 0.47 — 3.09 0.91 0.72 5.88 1.09 1.02 0.83 0.06 0.60 0.09
Dec 30, 2018 0.51 — 2.71 0.52 0.35 1.30 1.28 0.94 0.66 0.08 0.69 0.13
Dec 31, 2017 0.57 7.33 1.40 0.68 0.40 1.18 1.64 0.71 0.60 0.11 0.83 0.29
Dec 31, 2016 0.39 7.95 1.16 0.41 0.53 0.74 1.39 0.62 0.71 0.11 0.77 0.71
Dec 31, 2015 0.28 8.03 1.12 0.47 0.54 0.55 1.20 0.59 0.60 0.10 0.59 0.86
Dec 28, 2014 0.27 8.62 1.19 0.53 0.15 0.52 0.80 0.44 0.51 0.18 0.71 0.75
Dec 29, 2013 0.25 3.28 1.45 0.55 0.16 0.30 0.58 0.50 0.48 0.26 0.62 0.36
Dec 30, 2012 0.25 4.66 1.39 0.54 0.28 0.37 0.88 0.39 0.46 0.37 0.46 0.68
Dec 31, 2011 0.34 — 1.13 0.34 0.31 0.52 1.13 0.32 0.47 0.90 0.47 0.58
Dec 31, 2010 0.30 — 0.56 0.35 0.21 0.56 0.59 0.33 0.50 0.31 0.14 1.07
Dec 31, 2009 0.29 — 0.47 0.43 0.25 0.70 0.18 0.30 0.54 0.27 0.14 0.14
Dec 28, 2008 0.28 — 0.50 0.55 0.27 1.55 0.31 0.33 0.30 0.00 0.14 1.20
Dec 30, 2007 0.22 — 0.63 0.59 0.41 0.37 0.38 0.32 0.20 0.43 0.15 0.07
Dec 31, 2006 0.17 — 0.48 0.74 0.37 0.34 0.77 0.39 0.11 0.92 0.19 0.24
Dec 31, 2005 0.07 — 0.19 0.77 0.21 0.60 0.10 0.45 0.27 1.75 0.21 0.75

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-29), 10-K (reporting date: 2018-12-30), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-28), 10-K (reporting date: 2013-12-29), 10-K (reporting date: 2012-12-30), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-28), 10-K (reporting date: 2007-12-30), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Pharmaceuticals, Biotechnology & Life Sciences)

Johnson & Johnson, debt to equity, long-term trends, comparison to sector (pharmaceuticals, biotechnology & life sciences)

Microsoft Excel
Johnson & Johnson Pharmaceuticals, Biotechnology & Life Sciences
Dec 31, 2023 0.43 0.97
Dec 31, 2022 0.52 0.80
Dec 31, 2021 0.46 0.93
Dec 31, 2020 0.56 1.12
Dec 29, 2019 0.47 1.09
Dec 30, 2018 0.51 0.93
Dec 31, 2017 0.57 0.87
Dec 31, 2016 0.39 0.79
Dec 31, 2015 0.28 0.68
Dec 28, 2014 0.27 0.55
Dec 29, 2013 0.25 0.52
Dec 30, 2012 0.25 0.51
Dec 31, 2011 0.34 0.46
Dec 31, 2010 0.30 0.40
Dec 31, 2009 0.29 0.39
Dec 28, 2008 0.28 0.37
Dec 30, 2007 0.22 0.30
Dec 31, 2006 0.17 0.25
Dec 31, 2005 0.07 0.29

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-29), 10-K (reporting date: 2018-12-30), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-28), 10-K (reporting date: 2013-12-29), 10-K (reporting date: 2012-12-30), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-28), 10-K (reporting date: 2007-12-30), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Health Care)

Johnson & Johnson, debt to equity, long-term trends, comparison to industry (health care)

Microsoft Excel
Johnson & Johnson Health Care
Dec 31, 2023 0.43 0.81
Dec 31, 2022 0.52 0.72
Dec 31, 2021 0.46 0.79
Dec 31, 2020 0.56 0.90
Dec 29, 2019 0.47 0.91
Dec 30, 2018 0.51 0.87
Dec 31, 2017 0.57 0.80
Dec 31, 2016 0.39 0.75
Dec 31, 2015 0.28 0.68
Dec 28, 2014 0.27 0.52
Dec 29, 2013 0.25 0.49
Dec 30, 2012 0.25 0.51
Dec 31, 2011 0.34 0.46
Dec 31, 2010 0.30 0.42
Dec 31, 2009 0.29 0.41
Dec 28, 2008 0.28 0.41
Dec 30, 2007 0.22 0.36
Dec 31, 2006 0.17 0.33
Dec 31, 2005 0.07 0.30

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-29), 10-K (reporting date: 2018-12-30), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-28), 10-K (reporting date: 2013-12-29), 10-K (reporting date: 2012-12-30), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-28), 10-K (reporting date: 2007-12-30), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).