Johnson & Johnson annual debt-to-equity ratio
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2025
Johnson & Johnson Debt-to-Equity Ratio Growth & History (JNJ)
Johnson & Johnson's debt-to-equity ratio was 0.61 for fiscal 2025.
View full Johnson & Johnson company overviewJohnson & Johnson annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-28 | 0.61 | 0.08 | +14.28% |
| 2024 | 2024-12-29 | 0.53 | 0.09 | +19.46% |
| 2023 | 2023-12-31 | 0.44 | −0.09 | −16.95% |
| 2022 | 2023-01-01 | 0.53 | 0.06 | +13.56% |
| 2021 | 2022-01-02 | 0.47 | −0.10 | −18.16% |
| 2020 | 2021-01-04 | 0.57 | 0.09 | +19.01% |
| 2019 | 2019-12-29 | 0.48 | −0.03 | −5.43% |
| 2018 | 2018-12-30 | 0.51 | −0.06 | −11.23% |
| 2017 | 2017-12-31 | 0.57 | 0.19 | +49.11% |
| 2016 | 2017-01-01 | 0.39 | 0.11 | +38.11% |
| 2015 | 2016-01-03 | 0.28 | 0.01 | +3.98% |
| 2014 | 2014-12-28 | 0.27 | 0.02 | +9.04% |
| 2013 | 2013-12-29 | 0.25 | −0.00 | −1.43% |
| 2012 | 2012-12-30 | 0.25 | −0.09 | −27.53% |
| 2011 | 2012-01-01 | 0.34 | 0.05 | +16.35% |
| 2010 | 2011-01-02 | 0.30 | 0.01 | +2.79% |
| 2009 | 2010-01-03 | 0.29 | 0.01 | +3.34% |
| 2008 | 2008-12-28 | 0.28 | — | — |
Johnson & Johnson quarterly debt-to-equity ratio
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As of Jan 3, 2021
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-28 | 0.58 | −0.07 | −10.79% |
| Q1 2026 | 2026-03-29 | 0.68 | 0.01 | +1.25% |
| Q4 2025 | 2025-12-28 | 0.61 | 0.08 | +14.28% |
| Q3 2025 | 2025-09-28 | 0.58 | 0.07 | +13.36% |
| Q2 2025 | 2025-06-29 | 0.65 | 0.07 | +11.53% |
| Q1 2025 | 2025-03-30 | 0.67 | 0.19 | +39.27% |
| Q4 2024 | 2024-12-29 | 0.53 | 0.09 | +19.46% |
| Q3 2024 | 2024-09-29 | 0.51 | 0.09 | +21.31% |
| Q2 2024 | 2024-06-30 | 0.58 | −0.03 | −4.42% |
| Q1 2024 | 2024-03-31 | 0.48 | −0.27 | −35.66% |
| Q4 2023 | 2023-12-31 | 0.44 | −0.09 | −16.95% |
| Q3 2023 | 2023-10-01 | 0.42 | −0.01 | −2.15% |
| Q2 2023 | 2023-07-02 | 0.61 | 0.18 | +42.15% |
| Q1 2023 | 2023-04-02 | 0.75 | 0.30 | +68.26% |
| Q4 2022 | 2023-01-01 | 0.53 | 0.06 | +13.56% |
| Q3 2022 | 2022-10-02 | 0.43 | −0.05 | −11.08% |
| Q2 2022 | 2022-07-03 | 0.43 | −0.05 | −11.29% |
| Q1 2022 | 2022-04-03 | 0.44 | −0.07 | −13.10% |
| Q4 2021 | 2022-01-02 | 0.47 | — | — |
| Q3 2021 | 2021-10-03 | 0.48 | −0.10 | −17.56% |
| Q2 2021 | 2021-07-04 | 0.48 | −0.00 | −0.29% |
| Q1 2021 | 2021-04-04 | 0.51 | 0.06 | +13.46% |
| Q4 2020 | 2021-01-04 | 0.57 | 0.09 | +19.01% |
| As of Jan 3, 2021 | 2021-01-03 | 0.57 | 0.09 | +19.01% |
| Q3 2020 | 2020-09-27 | 0.59 | 0.07 | +12.84% |
| Q2 2020 | 2020-06-28 | 0.48 | −0.02 | −3.59% |
| Q1 2020 | 2020-03-29 | 0.45 | −0.06 | −12.36% |
| Q4 2019 | 2019-12-29 | 0.48 | −0.03 | −5.43% |
| Q3 2019 | 2019-09-29 | 0.52 | 0.04 | +7.32% |
| Q2 2019 | 2019-06-30 | 0.50 | −0.01 | −1.87% |
| Q1 2019 | 2019-03-31 | 0.51 | −0.00 | −0.16% |
| Q4 2018 | 2018-12-30 | 0.51 | −0.06 | −11.23% |
| Q3 2018 | 2018-09-30 | 0.48 | 0.01 | +1.73% |
| Q2 2018 | 2018-07-01 | 0.51 | 0.03 | +6.13% |
| Q1 2018 | 2018-04-01 | 0.51 | 0.05 | +11.76% |
| Q4 2017 | 2017-12-31 | 0.57 | 0.19 | +49.11% |
| Q3 2017 | 2017-10-01 | 0.48 | 0.10 | +28.17% |
| Q2 2017 | 2017-07-02 | 0.48 | 0.12 | +32.75% |
| Q1 2017 | 2017-04-02 | 0.46 | 0.14 | +43.18% |
| Q4 2016 | 2017-01-01 | 0.39 | 0.11 | +38.11% |
| Q3 2016 | 2016-10-02 | 0.37 | 0.09 | +34.37% |
| Q2 2016 | 2016-07-03 | 0.36 | 0.09 | +33.41% |
| Q1 2016 | 2016-04-03 | 0.32 | 0.04 | +14.93% |
| Q4 2015 | 2016-01-03 | 0.28 | 0.01 | +3.98% |
| Q3 2015 | 2015-09-27 | 0.28 | 0.08 | +38.47% |
| Q2 2015 | 2015-06-28 | 0.27 | 0.05 | +23.73% |
| Q1 2015 | 2015-03-29 | 0.28 | 0.05 | +23.86% |
| Q4 2014 | 2014-12-28 | 0.27 | 0.02 | +9.04% |
| Q3 2014 | 2014-09-28 | 0.20 | −0.02 | −7.90% |
| Q2 2014 | 2014-06-29 | 0.22 | 0.00 | +2.01% |
| Q1 2014 | 2014-03-30 | 0.23 | −0.01 | −5.01% |
| Q4 2013 | 2013-12-29 | 0.25 | −0.00 | −1.43% |
| Q3 2013 | 2013-09-29 | 0.22 | −0.05 | −18.11% |
| Q2 2013 | 2013-06-30 | 0.22 | −0.08 | −26.01% |
| Q1 2013 | 2013-03-31 | 0.24 | −0.08 | −25.00% |
| Q4 2012 | 2012-12-30 | 0.25 | −0.09 | −27.53% |
| Q3 2012 | 2012-09-30 | 0.26 | −0.03 | −11.42% |
| Q2 2012 | 2012-07-01 | 0.29 | −0.01 | −3.56% |
| Q1 2012 | 2012-04-01 | 0.32 | 0.02 | +6.41% |
| Q4 2011 | 2012-01-01 | 0.34 | 0.05 | +16.35% |
| Q3 2011 | 2011-10-02 | 0.30 | 0.09 | +42.15% |
| Q2 2011 | 2011-07-03 | 0.30 | 0.08 | +36.70% |
| Q1 2011 | 2011-04-03 | 0.30 | 0.07 | +30.22% |
| Q4 2010 | 2011-01-02 | 0.30 | 0.01 | +2.79% |
| Q3 2010 | 2010-10-03 | 0.21 | −0.02 | −8.83% |
| Q2 2010 | 2010-07-04 | 0.22 | −0.07 | −25.11% |
| Q1 2010 | 2010-04-04 | 0.23 | — | — |
| Q4 2009 | 2010-01-03 | 0.29 | 0.01 | +3.34% |
| Q3 2009 | 2009-09-27 | 0.23 | — | — |
| Q2 2009 | 2009-06-28 | 0.29 | — | — |
| Q4 2008 | 2008-12-28 | 0.28 | — | — |
Johnson & Johnson debt-to-equity ratio trends
Over the last five fiscal years, Johnson & Johnson's debt-to-equity ratio increased from 0.57 to 0.61, a change of 0.03. The latest reported quarter, Q2 2026, shows 0.58.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Johnson & Johnson source filings ↗Community posts
Apollo reportedly nears $20 billion talks for J&J orthopedics business
Apollo ($APO) is in talks to acquire Johnson & Johnson’s ($JNJ) DePuy Synthes orthopedics business in a transaction that could be worth around $20 billion, Reuters reported, citing Bloomberg. The unit generated approximately $9.3 billion in ...