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Johnson & Johnson JNJ Debt-to-equity

Debt-to-equity at other companies

Abbott logo
AbbottABT
0.7×+0.4×
Bristol-Myers Squibb logo
Bristol-Myers SquibbBMY
2.2×-0.6×
Pfizer logo
PfizerPFE
0.7×0.0×
Merck & Co. logo
Merck & Co.MRK
1.1×+0.3×
Boston Scientific logo
Boston ScientificBSX
-0.5×
Intuitive Surgical logo
Intuitive SurgicalISRG
0.0×

Other financials

Income statement

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Revenue$24.1B+9.9%
Gross profit$16.0B+9.8%
Operating income$6.3B+2.4%
Net income$5.2B-52.4%
EPS (diluted)$2.14-52.9%

Balance sheet

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Cash & equivalents$21.7B-43.6%
Total debt$55.0B+5.2%
Total equity$81.2B+3.9%
Total assets$200.89B+3.7%

Cash flow

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Operating cash flow$2.5B-39.8%
CapEx$1.0B+32.0%
Free cash flow$1.5B-56.6%

Valuation

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Market cap$563.77B+47.3%
Enterprise value$597.07B+50.5%
P/E26.8×+9.3×
P/S5.9×+1.6×

Profitability

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Gross margin67.8%-0.5pp
Operating margin26.4%+2.8pp
Net margin21.8%-2.6pp

Returns & leverage

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Return on equity26.4%-3.0pp
Current ratio-0.2×

Where this comes from

Calculated from Johnson & Johnson’s reported figures.

Based on the most recent quarter.

The official record: Johnson & Johnson’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Johnson & Johnson's debt-to-equity?
Johnson & Johnson (JNJ) reported debt-to-equity of 0.7× in Q1 2026.
How has Johnson & Johnson's debt-to-equity changed year-over-year?
Johnson & Johnson's debt-to-equity increased by 1.2% year-over-year, from 0.7× to 0.7×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.