Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Johnson & Johnson, liquidity ratios
| Dec 29, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Current ratio | 1.11 | 1.16 | 0.99 | 1.35 | 1.21 | |
| Quick ratio | 0.78 | 0.82 | 0.71 | 1.04 | 0.91 | |
| Cash ratio | 0.49 | 0.50 | 0.42 | 0.70 | 0.59 |
Based on: 10-K (reporting date: 2024-12-29), 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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Johnson & Johnson current ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Johnson & Johnson quick ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Johnson & Johnson cash ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Current Ratio
Johnson & Johnson, current ratio calculation, comparison to benchmarks
| Dec 29, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 55,893) | 53,495) | 55,294) | 60,979) | 51,237) | |
| Current liabilities | 50,321) | 46,282) | 55,802) | 45,226) | 42,493) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 1.11 | 1.16 | 0.99 | 1.35 | 1.21 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| AbbVie Inc. | 0.66 | 0.87 | 0.96 | 0.79 | 0.84 | |
| Amgen Inc. | 1.26 | 1.65 | 1.41 | 1.59 | 1.81 | |
| Bristol-Myers Squibb Co. | 1.25 | 1.43 | 1.25 | 1.52 | 1.58 | |
| Danaher Corp. | 1.40 | 1.68 | 1.89 | 1.43 | 1.86 | |
| Eli Lilly & Co. | 1.15 | 0.94 | 1.05 | 1.23 | 1.40 | |
| Gilead Sciences Inc. | 1.60 | 1.43 | 1.29 | 1.27 | 1.40 | |
| Merck & Co. Inc. | 1.36 | 1.25 | 1.47 | 1.27 | 1.02 | |
| Pfizer Inc. | 1.17 | 0.91 | 1.22 | 1.40 | 1.35 | |
| Regeneron Pharmaceuticals Inc. | 4.73 | 5.69 | 5.06 | 3.56 | 3.63 | |
| Thermo Fisher Scientific Inc. | 1.66 | 1.75 | 1.48 | 1.50 | 2.13 | |
| Vertex Pharmaceuticals Inc. | 2.69 | 3.99 | 4.83 | 4.46 | 4.33 | |
| Current Ratio, Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | 1.24 | 1.27 | 1.30 | 1.36 | 1.37 | |
| Current Ratio, Industry | ||||||
| Health Care | 1.11 | 1.13 | 1.15 | 1.21 | 1.20 | |
Based on: 10-K (reporting date: 2024-12-29), 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).
1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 55,893 ÷ 50,321 = 1.11
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Johnson & Johnson current ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Quick Ratio
Johnson & Johnson, quick ratio calculation, comparison to benchmarks
| Dec 29, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 24,105) | 21,859) | 14,127) | 14,487) | 13,985) | |
| Marketable securities | 417) | 1,068) | 9,392) | 17,121) | 11,200) | |
| Accounts receivable trade, less allowances | 14,842) | 14,873) | 16,160) | 15,283) | 13,576) | |
| Total quick assets | 39,364) | 37,800) | 39,679) | 46,891) | 38,761) | |
| Current liabilities | 50,321) | 46,282) | 55,802) | 45,226) | 42,493) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 0.78 | 0.82 | 0.71 | 1.04 | 0.91 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| AbbVie Inc. | 0.43 | 0.63 | 0.69 | 0.56 | 0.60 | |
| Amgen Inc. | 0.81 | 0.99 | 0.95 | 1.06 | 1.30 | |
| Bristol-Myers Squibb Co. | 0.91 | 1.04 | 0.87 | 1.20 | 1.28 | |
| Danaher Corp. | 0.83 | 1.18 | 1.30 | 0.89 | 1.36 | |
| Eli Lilly & Co. | 0.59 | 0.52 | 0.63 | 0.80 | 0.85 | |
| Gilead Sciences Inc. | 1.20 | 1.06 | 0.99 | 0.95 | 1.08 | |
| Merck & Co. Inc. | 0.84 | 0.68 | 0.93 | 0.73 | 0.58 | |
| Pfizer Inc. | 0.74 | 0.50 | 0.80 | 1.00 | 0.78 | |
| Regeneron Pharmaceuticals Inc. | 3.86 | 4.82 | 4.16 | 2.98 | 2.86 | |
| Thermo Fisher Scientific Inc. | 1.14 | 1.27 | 1.06 | 1.00 | 1.63 | |
| Vertex Pharmaceuticals Inc. | 2.17 | 3.60 | 4.46 | 4.04 | 4.02 | |
| Quick Ratio, Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | 0.82 | 0.85 | 0.91 | 0.98 | 0.98 | |
| Quick Ratio, Industry | ||||||
| Health Care | 0.80 | 0.82 | 0.86 | 0.89 | 0.89 | |
Based on: 10-K (reporting date: 2024-12-29), 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).
1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 39,364 ÷ 50,321 = 0.78
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Johnson & Johnson quick ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Cash Ratio
Johnson & Johnson, cash ratio calculation, comparison to benchmarks
| Dec 29, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 24,105) | 21,859) | 14,127) | 14,487) | 13,985) | |
| Marketable securities | 417) | 1,068) | 9,392) | 17,121) | 11,200) | |
| Total cash assets | 24,522) | 22,927) | 23,519) | 31,608) | 25,185) | |
| Current liabilities | 50,321) | 46,282) | 55,802) | 45,226) | 42,493) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.49 | 0.50 | 0.42 | 0.70 | 0.59 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| AbbVie Inc. | 0.14 | 0.34 | 0.31 | 0.28 | 0.30 | |
| Amgen Inc. | 0.52 | 0.60 | 0.59 | 0.66 | 0.91 | |
| Bristol-Myers Squibb Co. | 0.46 | 0.55 | 0.42 | 0.78 | 0.83 | |
| Danaher Corp. | 0.31 | 0.71 | 0.71 | 0.32 | 0.82 | |
| Eli Lilly & Co. | 0.12 | 0.11 | 0.13 | 0.26 | 0.29 | |
| Gilead Sciences Inc. | 0.83 | 0.64 | 0.57 | 0.56 | 0.65 | |
| Merck & Co. Inc. | 0.48 | 0.28 | 0.54 | 0.34 | 0.30 | |
| Pfizer Inc. | 0.48 | 0.27 | 0.54 | 0.73 | 0.47 | |
| Regeneron Pharmaceuticals Inc. | 2.28 | 3.17 | 2.46 | 1.45 | 1.33 | |
| Thermo Fisher Scientific Inc. | 0.42 | 0.58 | 0.50 | 0.33 | 1.00 | |
| Vertex Pharmaceuticals Inc. | 1.72 | 3.16 | 3.93 | 3.51 | 3.55 | |
| Cash Ratio, Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | 0.45 | 0.47 | 0.52 | 0.58 | 0.59 | |
| Cash Ratio, Industry | ||||||
| Health Care | 0.38 | 0.42 | 0.47 | 0.50 | 0.51 | |
Based on: 10-K (reporting date: 2024-12-29), 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).
1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 24,522 ÷ 50,321 = 0.49
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Johnson & Johnson cash ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |