Johnson & Johnson (JNJ) — Cash Flow-to-Debt Ratio
Johnson & Johnson (JNJ) has a Cash Flow-to-Debt Ratio of 0.08x as of September 2025, meaning its operating cash flow of $9.17 Billion could theoretically repay 0% of its total liabilities ($113.54 Billion) in one year. See how much free cash does Johnson & Johnson generate to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Johnson & Johnson Cash Flow-to-Debt Ratio (1989–2024)
Historical debt coverage capacity for Johnson & Johnson across 36 annual periods. Also explore JNJ net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Johnson & Johnson (1989–2024)
Year-by-year debt coverage analysis for Johnson & Johnson. For market capitalisation and broader financial context, see Johnson & Johnson market capitalisation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.22x | $24.27 Billion | $108.61 Billion | ▼ -3.2% |
| 2023 | 0.23x | $22.79 Billion | $98.78 Billion | ▲ +20.4% |
| 2022 | 0.19x | $21.19 Billion | $110.57 Billion | ▼ -11.6% |
| 2021 | 0.22x | $23.41 Billion | $108.00 Billion | ▲ +2.8% |
| 2020 | 0.21x | $23.54 Billion | $111.62 Billion | ▼ -11.5% |
| 2019 | 0.24x | $23.42 Billion | $98.26 Billion | ▲ +0.0% |
| 2018 | 0.24x | $22.20 Billion | $93.20 Billion | ▲ +9.9% |
| 2017 | 0.22x | $21.06 Billion | $97.14 Billion | ▼ -18.2% |
| 2016 | 0.27x | $18.77 Billion | $70.79 Billion | ▼ -14.4% |
| 2015 | 0.31x | $19.28 Billion | $62.26 Billion | ▲ +2.9% |
| 2014 | 0.30x | $18.47 Billion | $61.37 Billion | ▲ +1.3% |
| 2013 | 0.30x | $17.41 Billion | $58.63 Billion | ▲ +9.0% |
| 2012 | 0.27x | $15.40 Billion | $56.52 Billion | ▲ +7.8% |
| 2011 | 0.25x | $14.30 Billion | $56.56 Billion | ▼ -28.5% |
| 2010 | 0.35x | $16.39 Billion | $46.33 Billion | ▼ -5.9% |
| 2009 | 0.38x | $16.57 Billion | $44.09 Billion | ▲ +6.4% |
| 2008 | 0.35x | $14.97 Billion | $42.40 Billion | ▼ -12.9% |
| 2007 | 0.41x | $15.25 Billion | $37.63 Billion | ▼ -11.2% |
| 2006 | 0.46x | $14.25 Billion | $31.24 Billion | ▼ -22.6% |
| 2005 | 0.59x | $11.88 Billion | $20.15 Billion | ▲ +13.8% |
| 2004 | 0.52x | $11.13 Billion | $21.50 Billion | ▲ +4.5% |
| 2003 | 0.50x | $10.60 Billion | $21.39 Billion | ▲ +8.2% |
| 2002 | 0.46x | $8.18 Billion | $17.86 Billion | ▼ -26.4% |
| 2001 | 0.62x | $8.86 Billion | $14.26 Billion | ▲ +31.2% |
| 2000 | 0.47x | $6.56 Billion | $13.85 Billion | ▲ +8.1% |
| 1999 | 0.44x | $5.68 Billion | $12.95 Billion | ▲ +18.6% |
| 1998 | 0.37x | $4.89 Billion | $13.21 Billion | ▼ -22.6% |
| 1997 | 0.48x | $4.34 Billion | $9.09 Billion | ▲ +12.6% |
| 1996 | 0.42x | $3.89 Billion | $9.17 Billion | ▲ +10.7% |
| 1995 | 0.38x | $3.38 Billion | $8.83 Billion | ▲ +10.0% |
| 1994 | 0.35x | $2.98 Billion | $8.55 Billion | ▲ +7.2% |
| 1993 | 0.32x | $2.17 Billion | $6.67 Billion | ▲ +1.9% |
| 1992 | 0.32x | $2.14 Billion | $6.71 Billion | ▼ -6.9% |
| 1991 | 0.34x | $1.68 Billion | $4.89 Billion | ▼ -4.7% |
| 1990 | 0.36x | $1.66 Billion | $4.61 Billion | ▲ +8.5% |
| 1989 | 0.33x | $1.25 Billion | $3.77 Billion | — |