To the full analysis
Johnson & Johnson stock: balance sheet and debt
JNJJohnson & Johnson has a debt to equity ratio of 0.59 and an interest coverage of 34.6x.
Daily figure as of 13 Nov 2026
Debt / Equity
0.59
Interest coverage
34.6x
Current ratio
1.03
Cash & equivalents
$20.1B
Total assets
$199.21B
Equity ratio
40.9%
Goodwill
$48.77B
Plus intangible assets of $50.4B
Net debt
$27.83B
Total assets and equity ratio
How large the balance sheet of Johnson & Johnson is, how much of it is equity and how much is goodwill from acquisitions.
Equity ratio
Figures as a table
| Year | Total assets | Goodwill and intangible assets | of which goodwill | Equity ratio | Net debt |
|---|---|---|---|---|---|
| 2006 | $70.56B | $28.69B | $13.34B | 55.7% | $2.51B |
| 2007 | $80.95B | $28.76B | $14.12B | 53.5% | $222M |
| 2008 | $84.91B | $27.7B | $13.72B | 50.1% | −$957M |
| 2009 | $94.68B | $31.19B | $14.86B | 53.4% | −$4.88B |
| 2010 | $102.91B | $32.01B | $15.29B | 55.0% | −$10.89B |
| 2011 | $113.64B | $34.28B | $16.14B | 50.2% | −$12.63B |
| 2012 | $121.35B | $51.18B | $22.42B | 53.4% | −$4.92B |
| 2013 | $132.68B | $50.75B | $22.8B | 55.8% | −$11.03B |
| 2014 | $130.36B | $49.05B | $21.83B | 53.5% | −$14.33B |
| 2015 | $133.41B | $47.39B | $21.63B | 53.3% | −$18.52B |
| 2016 | $141.21B | $49.68B | $22.81B | 49.9% | −$14.78B |
| 2017 | $157.3B | $85.13B | $31.91B | 38.2% | $16.29B |
| 2018 | $152.95B | $78.06B | $30.45B | 39.1% | $10.79B |
| 2019 | $157.73B | $81.28B | $33.64B | 37.7% | $8.41B |
| 2020 | $174.89B | $89.8B | $36.39B | 36.2% | $10.08B |
| 2021 | $182.02B | $81.64B | $35.25B | 40.7% | $2.14B |
| 2022 | $187.38B | $74.54B | $36.05B | 41.0% | $17.36B |
| 2023 | $167.56B | $70.73B | $36.56B | 41.0% | $6.41B |
| 2024 | $180.1B | $81.82B | $44.2B | 39.7% | $12.11B |
| 2025 | $199.21B | $99.18B | $48.77B | 40.9% | $27.83B |
The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt.
Equity and debt
What the company owns and owes
- Cash & equivalents
- Equity
- Debt
Figures as a table
| Year | Cash & equivalents | Equity | Debt | Debt / Equity |
|---|---|---|---|---|
| 2006 | $4.08B | $39.32B | $6.59B | 0.17 |
| 2007 | $9.32B | $43.32B | $9.54B | 0.22 |
| 2008 | $12.81B | $42.51B | $11.85B | 0.28 |
| 2009 | $19.43B | $50.59B | $14.54B | 0.29 |
| 2010 | $27.66B | $56.58B | $16.77B | 0.3 |
| 2011 | $32.26B | $57.08B | $19.63B | 0.34 |
| 2012 | $21.09B | $64.83B | $16.17B | 0.25 |
| 2013 | $29.21B | $74.05B | $18.18B | 0.25 |
| 2014 | $33.09B | $69.75B | $18.76B | 0.27 |
| 2015 | $38.38B | $71.15B | $19.86B | 0.28 |
| 2016 | $41.91B | $70.42B | $27.13B | 0.39 |
| 2017 | $18.3B | $60.16B | $34.58B | 0.57 |
| 2018 | $19.69B | $59.75B | $30.48B | 0.51 |
| 2019 | $19.29B | $59.47B | $27.7B | 0.47 |
| 2020 | $25.19B | $63.28B | $35.27B | 0.56 |
| 2021 | $31.61B | $74.02B | $33.75B | 0.46 |
| 2022 | $22.28B | $76.8B | $39.64B | 0.52 |
| 2023 | $22.93B | $68.77B | $29.33B | 0.43 |
| 2024 | $24.52B | $71.49B | $36.63B | 0.51 |
| 2025 | $20.1B | $81.54B | $47.93B | 0.59 |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 28 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 18 Oct 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.