Johnson & Johnson (JNJ) Balance Sheet
JNJ balance sheet, 2025
December 31, 2025 · U.S. dollars$199.21B assets = $117.67B liabilities + $81.54B equity
Both columns are drawn to the same scale: what JNJ owns equals what it owes plus shareholders’ equity. Hover a block for its value.
JNJ financial health
Descriptive bands, not a rating. Fiscal 2025.
JNJ balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $141.21B2016 | $199.21B2025 | +3.9%/yr | |
| Total liabilities | $70.79B2016 | $117.67B2025 | +5.8%/yr | |
| Shareholders’ equity | $70.42B2016 | $81.54B2025 | +1.6%/yr | |
| Cash & short-term investments | $41.91B2016 | $20.10B2025 | −7.8%/yr | |
| Total debt | $27.13B2016 | $47.93B2025 | +6.5%/yr | |
| Net cash (debt) | $14.78B2016 | −$27.83B2025 | −$42.6B | |
| Working capital | $38.74B2016 | $1.50B2025 | −$37.2B | |
| Book value per share | $25.252016 | $33.572025 | +3.2%/yr | |
| Current ratio | 2.472016 | 1.032025 | −1.45 | |
| Debt / equity | 0.392016 | 0.592025 | +0.20 | |
| Shares outstanding | 2.79B2016 | 2.43B2025 | −1.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
JNJ assets
JNJ liabilities and equity
JNJ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
JNJ balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $20.10B | $24.52B | $22.93B | $22.28B | $31.61B | $25.18B | $19.29B | $19.69B | $18.30B | $41.91B |
| Cash & equivalents | $19.71B | $24.11B | $21.86B | $12.89B | $14.49B | $13.98B | $17.30B | $18.11B | $17.82B | $18.97B |
| Short-term investments | $393.0M | $417.0M | $1.07B | $9.39B | $17.12B | $11.20B | $1.98B | $1.58B | $472.0M | $22.93B |
| Receivables | $17.18B | $18.93B | $14.87B | $16.91B | $18.98B | $13.58B | $14.48B | $14.10B | $13.49B | $11.70B |
| Inventory | $14.19B | $12.44B | $11.18B | $10.27B | $10.39B | $9.34B | $9.02B | $8.60B | $8.77B | $8.14B |
| Other current assets | $4.15B | $0 | $4.51B | $5.83B | $0 | $3.13B | $2.49B | $3.65B | $2.54B | $3.28B |
| Total current assets | $55.62B | $55.89B | $53.49B | $55.29B | $60.98B | $51.24B | $45.27B | $46.03B | $43.09B | $65.03B |
| Property, plant & equipment (net) | $23.17B | $20.52B | $19.90B | $17.98B | $18.96B | $18.77B | $17.66B | $17.04B | $17.00B | $15.91B |
| Goodwill & intangible assets | $99.17B | $81.82B | $70.73B | $74.54B | $81.64B | $89.80B | $81.28B | $78.06B | $85.13B | $49.68B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $1.15B | $517.0M | $758.0M | $900.0M |
| Other non-current assets | $21.24B | $21.88B | $23.43B | $39.57B | $20.44B | $15.10B | $12.37B | $11.30B | $11.32B | $9.68B |
| Total assets | $199.21B | $180.10B | $167.56B | $187.38B | $182.02B | $174.89B | $157.73B | $152.95B | $157.30B | $141.21B |
| Liabilities | ||||||||||
| Accounts payable | $11.99B | $10.31B | $9.63B | $9.89B | $11.05B | $9.51B | $8.54B | $7.54B | $7.31B | $6.92B |
| Short-term debt | $8.49B | $5.98B | $3.45B | $12.76B | $3.77B | $2.63B | $1.20B | $2.80B | $3.91B | $4.68B |
| Deferred revenue | — | — | $2.99B | — | — | — | $7.82B | $7.64B | $1.85B | $6.15B |
| Total current liabilities | $54.13B | $50.32B | $46.28B | $55.80B | $45.23B | $42.49B | $35.96B | $31.23B | $30.54B | $26.29B |
| Long-term debt | $39.44B | $30.65B | $25.88B | $26.89B | $29.98B | $32.63B | $26.49B | $27.68B | $30.68B | $22.44B |
| Other long-term liabilities | $24.10B | $27.64B | $26.62B | $27.88B | $32.78B | $36.49B | $35.80B | $34.29B | $35.93B | $22.06B |
| Total liabilities | $117.67B | $108.61B | $98.78B | $110.57B | $108.00B | $111.62B | $98.26B | $93.20B | $97.14B | $70.79B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $3.12B | $3.12B | $3.12B | $3.12B | $3.12B | $3.12B | $3.12B | $3.12B | $3.12B | $3.12B |
| Retained earnings (deficit) | $168.98B | $155.79B | $153.84B | $128.34B | $123.06B | $113.89B | $110.66B | $106.22B | $101.79B | $110.55B |
| Treasury stock | — | — | −$75.66B | −$41.69B | −$39.10B | −$38.49B | −$38.42B | −$34.36B | −$31.55B | −$28.35B |
| Accumulated other comprehensive income | −$14.93B | −$11.74B | −$12.53B | −$12.97B | −$13.06B | −$15.24B | −$15.89B | −$15.22B | −$13.20B | −$14.90B |
| Minority interest | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $81.54B | $71.49B | $68.77B | $76.80B | $74.02B | $63.28B | $59.47B | $59.75B | $60.16B | $70.42B |
| Key figures | ||||||||||
| Total debt | $47.93B | $36.63B | $29.33B | $39.64B | $33.75B | $35.27B | $27.70B | $30.48B | $34.58B | $27.13B |
| Net cash (debt) | −$27.83B | −$12.11B | −$6.41B | −$17.36B | −$2.14B | −$10.08B | −$8.41B | −$10.79B | −$16.29B | $14.78B |
| Working capital | $1.50B | $5.57B | $7.21B | −$508.0M | $15.75B | $8.74B | $9.31B | $14.80B | $12.55B | $38.74B |
| Tangible book value | −$17.63B | −$10.33B | −$1.96B | $2.27B | −$7.62B | −$26.52B | −$21.81B | −$18.31B | −$24.97B | $20.74B |
| Book value per share | $33.57 | $29.43 | $26.86 | $28.83 | $27.68 | $23.69 | $22.16 | $21.90 | $21.91 | $25.25 |
| Shares outstanding | 2.43B | 2.43B | 2.56B | 2.66B | 2.67B | 2.67B | 2.68B | 2.73B | 2.75B | 2.79B |
| Current ratio | 1.03 | 1.11 | 1.16 | 0.99 | 1.35 | 1.21 | 1.26 | 1.47 | 1.41 | 2.47 |
| Quick ratio | 0.69 | 0.86 | 0.82 | 0.70 | 1.12 | 0.91 | 0.94 | 1.08 | 1.04 | 2.04 |
| Debt / equity | 0.59 | 0.51 | 0.43 | 0.52 | 0.46 | 0.56 | 0.47 | 0.51 | 0.57 | 0.39 |
| Equity / assets | 40.9% | 39.7% | 41.0% | 41.0% | 40.7% | 36.2% | 37.7% | 39.1% | 38.2% | 49.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $20.76B | $22.05B | $20.10B | $18.56B | $18.88B | $38.78B | $24.52B | $20.30B | $25.48B | $26.22B | $22.93B |
| Cash & equivalents | $20.42B | $21.69B | $19.71B | $18.23B | $18.58B | $38.47B | $24.11B | $19.98B | $24.88B | $25.47B | $21.86B |
| Short-term investments | $336.0M | $363.0M | $393.0M | $331.0M | $303.0M | $307.0M | $417.0M | $317.0M | $597.0M | $745.0M | $1.07B |
| Receivables | $19.05B | $17.72B | $17.18B | $17.61B | $17.85B | $16.02B | $18.93B | $16.17B | $15.79B | $14.95B | $19.39B |
| Inventory | $15.14B | $14.58B | $14.19B | $14.15B | $13.41B | $12.66B | $12.44B | $12.60B | $12.17B | $11.38B | $11.18B |
| Other current assets | $4.83B | $4.82B | $4.15B | $4.29B | $4.36B | $4.09B | $0 | $4.17B | $4.38B | $4.46B | $0 |
| Total current assets | $59.77B | $59.17B | $55.62B | $54.61B | $54.50B | $71.55B | $55.89B | $53.25B | $57.82B | $57.00B | $53.49B |
| Property, plant & equipment (net) | $23.58B | $54.70B | $23.17B | $53.38B | $21.95B | $20.87B | $20.52B | $20.48B | $19.75B | $19.63B | $19.90B |
| Goodwill & intangible assets | $96.71B | $97.62B | $99.17B | $96.78B | $97.95B | $81.22B | $81.82B | $84.29B | $83.97B | $70.90B | $70.73B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $21.00B | $0 | $21.24B | $0 | $18.99B | $20.03B | $21.88B | $20.27B | $19.55B | $24.43B | $23.43B |
| Total assets | $201.06B | $200.89B | $199.21B | $192.82B | $193.39B | $193.67B | $180.10B | $178.29B | $181.09B | $171.97B | $167.56B |
| Liabilities | |||||||||||
| Accounts payable | $9.22B | $10.46B | $11.99B | $9.62B | $9.46B | $9.54B | $10.31B | $8.95B | $8.85B | $8.17B | $9.63B |
| Short-term debt | $11.69B | $17.46B | $8.49B | $6.39B | $11.53B | $13.90B | $5.98B | $4.46B | $9.86B | $8.55B | $3.45B |
| Deferred revenue | — | — | — | — | — | — | — | $34.72B | $4.31B | $3.32B | $2.99B |
| Total current liabilities | $54.90B | $57.72B | $54.13B | $50.87B | $54.18B | $56.90B | $50.32B | $51.76B | $53.93B | $48.73B | $46.28B |
| Long-term debt | $37.34B | $37.53B | $39.44B | $39.41B | $39.23B | $38.35B | $30.65B | $31.29B | $31.64B | $25.08B | $25.88B |
| Other long-term liabilities | $23.85B | $24.46B | $24.10B | $23.26B | $21.50B | $20.30B | $27.64B | $25.08B | $23.98B | $28.14B | $26.62B |
| Total liabilities | $116.09B | $119.71B | $117.67B | $113.54B | $114.92B | $115.56B | $108.61B | $108.13B | $109.55B | $101.95B | $98.78B |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $3.12B | $3.12B | $3.12B | $3.12B | $3.12B | $3.12B | $3.12B | $3.12B | $3.12B | $3.12B | $3.12B |
| Retained earnings (deficit) | $171.66B | $169.16B | $168.98B | $167.28B | $165.37B | $162.63B | $155.79B | $155.18B | $155.36B | $153.38B | $153.84B |
| Treasury stock | — | — | — | — | — | — | — | — | — | — | −$75.66B |
| Accumulated other comprehensive income | −$13.95B | −$14.83B | −$14.93B | −$15.24B | −$14.30B | −$11.74B | −$11.74B | −$12.52B | −$11.25B | −$10.77B | −$12.53B |
| Minority interest | — | — | — | — | — | — | — | — | — | — | $0 |
| Total shareholders' equity | $84.97B | $81.19B | $81.54B | $79.28B | $78.47B | $78.11B | $71.49B | $70.16B | $71.54B | $70.02B | $68.77B |
| Key figures | |||||||||||
| Total debt | $49.04B | $54.99B | $47.93B | $45.80B | $50.76B | $52.25B | $36.63B | $35.75B | $41.49B | $33.63B | $29.33B |
| Net cash (debt) | −$28.28B | −$32.94B | −$27.83B | −$27.23B | −$31.88B | −$13.47B | −$12.11B | −$15.45B | −$16.02B | −$7.41B | −$6.41B |
| Working capital | $4.88B | $1.46B | $1.50B | $3.74B | $318.0M | $14.65B | $5.57B | $1.49B | $3.88B | $8.28B | $7.21B |
| Tangible book value | −$11.74B | −$16.43B | −$17.63B | −$17.51B | −$19.48B | −$3.11B | −$10.33B | −$14.13B | −$12.44B | −$882.0M | −$1.96B |
| Book value per share | $34.82 | $33.20 | $33.43 | $32.64 | $32.44 | $32.23 | $29.45 | $28.90 | $29.54 | $28.81 | $28.29 |
| Shares outstanding | 2.44B | 2.45B | 2.44B | 2.43B | 2.42B | 2.42B | 2.43B | 2.43B | 2.42B | 2.43B | 2.43B |
| Current ratio | 1.09 | 1.03 | 1.03 | 1.07 | 1.01 | 1.26 | 1.11 | 1.03 | 1.07 | 1.17 | 1.16 |
| Quick ratio | 0.73 | 0.69 | 0.69 | 0.71 | 0.68 | 0.96 | 0.86 | 0.70 | 0.77 | 0.84 | 0.91 |
| Debt / equity | 0.58 | 0.68 | 0.59 | 0.58 | 0.65 | 0.67 | 0.51 | 0.51 | 0.58 | 0.48 | 0.43 |
| Equity / assets | 42.3% | 40.4% | 40.9% | 41.1% | 40.6% | 40.3% | 39.7% | 39.4% | 39.5% | 40.7% | 41.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 11, 2026); data from EODHD.
JNJ financial position
At the end of fiscal 2025 (December 31, 2025), Johnson & Johnson had total assets of $199.2 billion (up 10.6% from a year earlier), total liabilities of $117.7 billion and shareholders' equity of $81.5 billion. It held $20.1 billion in cash and short-term investments against $47.9 billion of debt, net debt of $27.8 billion. Its current ratio was 1.03. In the latest quarter (ended June 30, 2026) total assets were $201.1 billion and equity $85.0 billion.
Related: JNJ income statement, JNJ cash flow statement, JNJ key metrics. See the JNJ stock overview for the latest quote and news.
JNJ balance sheet FAQ
What are Johnson & Johnson's total assets?
Johnson & Johnson reported total assets of $199.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $180.1 billion a year earlier.
How much debt does Johnson & Johnson have?
Johnson & Johnson had $47.9 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.59.
How much cash does Johnson & Johnson have?
Johnson & Johnson held $20.1 billion in cash and short-term investments at the end of fiscal 2025; with $47.9 billion of debt that is net debt of $27.8 billion.
What is Johnson & Johnson's book value?
Johnson & Johnson's shareholders' equity (book value) was $81.5 billion at the end of fiscal 2025, or $33.57 per share.
What is Johnson & Johnson's current ratio?
Johnson & Johnson had current assets of $55.6 billion and current liabilities of $54.1 billion, a current ratio of 1.03 (it can cover its short-term obligations).
How much goodwill does Johnson & Johnson have?
Johnson & Johnson carried $99.2 billion of goodwill and intangible assets, 49.8% of total assets, at the end of fiscal 2025.