Johnson & Johnson Debt to Equity Ratio 1986-2025 | JNJ

Current and historical debt to equity ratio values for Johnson & Johnson (JNJ) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. Johnson & Johnson debt/equity for the three months ending September 30, 2025 was 0.44.
Johnson & Johnson Debt/Equity Ratio Historical Data
Date Long Term Debt Shareholder's Equity Debt to Equity Ratio
2025-09-30 $113.54B $79.28B 1.43
2025-06-30 $114.92B $78.47B 1.46
2025-03-31 $115.56B $78.11B 1.48
2024-12-31 $108.61B $71.49B 1.52
2024-09-30 $108.13B $70.16B 1.54
2024-06-30 $109.55B $71.54B 1.53
2024-03-31 $101.95B $70.02B 1.46
2023-12-31 $98.78B $68.77B 1.44
2023-09-30 $94.83B $71.23B 1.33
2023-06-30 $115.28B $76.41B 1.51
2023-03-31 $125.10B $70.87B 1.77
2022-12-31 $110.57B $76.80B 1.44
2022-09-30 $100.53B $74.60B 1.35
2022-06-30 $101.37B $76.36B 1.33
2022-03-31 $103.65B $74.71B 1.39
2021-12-31 $108.00B $74.02B 1.46
2021-09-30 $108.96B $70.27B 1.55
2021-06-30 $106.86B $69.58B 1.54
2021-03-31 $106.72B $65.83B 1.62
2020-12-31 $111.62B $63.28B 1.76
2020-09-30 $106.22B $64.47B 1.65
2020-06-30 $95.40B $62.98B 1.52
2020-03-31 $93.72B $61.29B 1.53
2019-12-31 $98.26B $59.47B 1.65
2019-09-30 $97.31B $58.21B 1.67
2019-06-30 $94.33B $60.79B 1.55
2019-03-31 $91.07B $58.96B 1.55
2018-12-31 $93.20B $59.75B 1.56
2018-09-30 $91.08B $64.63B 1.41
2018-06-30 $92.48B $62.89B 1.47
2018-03-31 $93.37B $63.26B 1.48
2017-12-31 $97.14B $60.16B 1.62
2017-09-30 $81.68B $73.98B 1.10
2017-06-30 $80.89B $71.92B 1.13
2017-03-31 $74.58B $70.34B 1.06
2016-12-31 $70.79B $70.42B 1.01
2016-09-30 $67.60B $72.77B 0.93
2016-06-30 $67.34B $72.47B 0.93
2016-03-31 $63.58B $72.65B 0.88
2015-12-31 $62.26B $71.15B 0.88
2015-09-30 $61.71B $71.55B 0.86
2015-06-30 $60.91B $71.13B 0.86
2015-03-31 $60.71B $67.88B 0.89
2014-12-31 $60.61B $69.75B 0.87
2014-09-30 $55.51B $76.59B 0.73
2014-06-30 $57.15B $78.05B 0.73
2014-03-31 $56.75B $76.58B 0.74
2013-12-31 $58.63B $74.05B 0.79
2013-09-30 $57.13B $69.80B 0.82
2013-06-30 $54.66B $69.67B 0.79
2013-03-31 $54.68B $66.86B 0.82
2012-12-31 $56.52B $64.83B 0.87
2012-09-30 $55.19B $63.76B 0.87
2012-06-30 $55.32B $60.43B 0.92
2012-03-31 $54.83B $61.37B 0.89
2011-12-31 $56.56B $57.08B 0.99
2011-09-30 $50.29B $61.53B 0.82
2011-06-30 $49.98B $62.13B 0.80
2011-03-31 $48.29B $59.86B 0.81
2010-12-31 $46.33B $56.58B 0.82
2010-09-30 $40.96B $57.29B 0.72
2010-06-30 $39.45B $52.85B 0.75
2010-03-31 $40.53B $52.91B 0.77
2009-12-31 $44.09B $50.59B 0.87
2009-09-30 $41.17B $50.38B 0.82
2009-06-30 $41.19B $46.25B 0.89
2009-03-31 $42.31B $43.79B 0.97
2008-12-31 $42.40B $42.51B 1.00
2008-09-30 $41.99B $45.73B 0.92
2008-06-30 $41.68B $46.44B 0.90
2008-03-31 $40.37B $45.63B 0.89
2007-12-31 $37.64B $43.32B 0.87
2007-09-30 $35.09B $43.57B 0.81
2007-06-30 $31.56B $43.12B 0.73
2007-03-31 $32.14B $40.93B 0.79
2006-12-31 $31.24B $39.32B 0.79
2006-09-30 $20.67B $40.57B 0.51
2006-06-30 $20.25B $40.74B 0.50
2006-03-31 $21.01B $41.12B 0.51
2005-12-31 $20.15B $38.71B 0.52
2005-09-30 $19.73B $36.85B 0.54
2005-06-30 $19.38B $35.17B 0.55
2005-03-31 $20.79B $33.65B 0.62
2004-12-31 $21.50B $31.81B 0.68
2004-09-30 $20.58B $31.51B 0.65
2004-06-30 $20.12B $30.05B 0.67
2004-03-31 $20.37B $28.49B 0.72
2003-12-31 $21.39B $26.87B 0.80
2003-09-30 $20.92B $25.74B 0.81
2003-06-30 $21.22B $24.44B 0.87
2003-03-31 $17.96B $24.04B 0.75
2002-12-31 $17.86B $22.70B 0.79
2002-09-30 $16.58B $22.09B 0.75
2002-06-30 $16.46B $21.89B 0.75
2002-03-31 $14.57B $23.72B 0.61
2001-12-31 $14.26B $24.23B 0.59
2001-09-30 $13.32B $23.73B 0.56
2001-06-30 $13.39B $22.71B 0.59
2001-03-31 $11.78B $20.09B 0.59
2000-12-31 $13.85B $20.40B 0.68
2000-09-30 $12.30B $18.49B 0.67
2000-06-30 $12.33B $17.98B 0.69
2000-03-31 $12.81B $17.15B 0.75
1999-12-31 $12.95B $16.21B 0.80
1999-09-30 $12.72B $15.38B 0.83
1999-06-30 $12.38B $14.74B 0.84
1999-03-31 $12.52B $14.22B 0.88
1998-12-31 $12.62B $13.59B 0.93
1998-09-30 $9.40B $13.94B 0.67
1998-06-30 $9.00B $13.31B 0.68
1998-03-31 $9.11B $12.81B 0.71
1997-12-31 $9.09B $12.36B 0.74
1997-09-30 $9.50B $12.18B 0.78
1997-06-30 $9.28B $11.72B 0.79
1997-03-31 $9.45B $11.17B 0.85
1996-12-31 $9.17B $10.84B 0.85
1996-09-30 $9.23B $10.68B 0.87
1996-06-30 $9.07B $10.24B 0.89
1996-03-31 $9.11B $9.83B 0.93
1995-12-31 $8.83B $9.05B 0.98
1995-09-30 $8.78B $8.91B 0.99
1995-06-30 $8.83B $8.56B 1.03
1995-03-31 $8.76B $7.88B 1.11
1994-12-31 $8.55B $7.12B 1.20
1994-09-30 $7.84B $6.99B 1.12
1994-06-30 $6.82B $6.62B 1.03
1994-03-31 $6.73B $6.09B 1.11
1993-12-31 $6.67B $5.57B 1.20
1993-09-30 $6.71B $5.70B 1.18
1993-06-30 $6.51B $5.71B 1.14
1993-03-31 $6.42B $5.54B 1.16
1992-12-31 $6.71B $5.17B 1.30
1992-09-30 $5.84B $5.97B 0.98
1992-06-30 $5.53B $5.71B 0.97
1992-03-31 $4.72B $5.74B 0.82
1991-12-31 $4.89B $5.63B 0.87
1991-09-30 $4.50B $5.36B 0.84
1991-06-30 $4.37B $5.06B 0.86
1991-03-31 $4.37B $4.93B 0.89
1990-12-31 $4.61B $4.90B 0.94
1990-09-30 $4.81B $4.74B 1.01
1990-06-30 $4.62B $4.55B 1.02
1990-03-31 $4.35B $4.29B 1.02
1989-12-31 $3.77B $4.15B 0.91
1989-09-30 $3.68B $3.93B 0.94
1989-06-30 $3.85B $3.75B 1.03
1989-03-31 $3.74B $3.62B 1.03
1988-12-31 $3.62B $3.50B 1.03
1988-09-30 $3.40B $3.51B 0.97
1988-06-30 $3.49B $3.60B 0.97
1988-03-31 $3.30B $3.67B 0.90
1987-12-31 $3.06B $3.49B 0.88
1987-09-30 $3.44B $3.29B 1.05
1987-06-30 $3.34B $3.16B 1.06
1987-03-31 $3.22B $3.02B 1.07
1986-12-31 $3.05B $2.82B 1.08
1985-12-31 $1.74B $3.35B 0.52
Sector Industry Market Cap Revenue
Medical Large Cap Pharmaceutical $450.090B $94.943B
Johnson & Johnson's biggest strength is its diversified business model. It operates through pharmaceuticals, medical devices and consumer products divisions. Its diversification helps it to withstand economic cycles more effectively. J&J has one of the largest research and development (R&D) budget among pharma companies. J&J's worldwide business is divided into three segments: Pharmaceutical, Medical Devices and Consumer. The company has several drugs covering a broad range of areas such as neuroscience, cardiovascular & metabolism, immunology, oncology, pulmonary hypertension and infectious diseases and vaccines. The Medical Devices Segment offers products in the orthopedics, surgery, interventional solutions and vision markets. The Consumer Segment segment includes a broad range of products covering the areas of baby care, beauty/skin health, oral care, wound care and womens' health care, as well as over-the-counter (OTC) pharmaceutical products.
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