Johnson & Johnson Tangible Net Worth Ratio
Johnson & Johnson tangible net worth ratio. Johnson & Johnson (JNJ) has a Tangible Net Worth Ratio of 38.5% as of September 2025. This metric is calculated by deducting intangible assets ($48.74 Billion) from net assets ($79.28 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Check strategic asset allocation of Johnson & Johnson to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Johnson & Johnson (1985–2024)
Tangible net worth ratio of Johnson & Johnson from 1985 to 2024. This chart shows how Johnson & Johnson's Tangible Net Worth Ratio has changed across 40 annual periods from 1985 to 2024. As of September 2025, the ratio stands at 38.5%, reflecting net assets of $79.28 Billion with intangible assets of $48.74 Billion USD. See JNJ net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Johnson & Johnson Tangible Net Worth Ratio by Year (1985–2024)
Johnson & Johnson tangible net worth ratio by year from 1985 to 2024. The table below presents the year-by-year Tangible Net Worth Ratio for Johnson & Johnson from 1985 to 2024, covering 40 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see JNJ company net worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 47.4% | $71.49 Billion | $37.62 Billion | $180.10 Billion | ▼ -2.9 pp |
| 2023 | 50.3% | $68.77 Billion | $34.17 Billion | $167.56 Billion | ▲ +0.4 pp |
| 2022 | 49.9% | $76.80 Billion | $38.49 Billion | $187.38 Billion | ▲ +12.6 pp |
| 2021 | 37.3% | $74.02 Billion | $46.39 Billion | $182.02 Billion | ▲ +21.7 pp |
| 2020 | 15.6% | $63.28 Billion | $53.40 Billion | $174.89 Billion | ▼ -4.3 pp |
| 2019 | 19.9% | $59.47 Billion | $47.64 Billion | $157.73 Billion | ▼ -0.4 pp |
| 2018 | 20.3% | $59.75 Billion | $47.61 Billion | $152.95 Billion | ▲ +8.8 pp |
| 2017 | 11.5% | $60.16 Billion | $53.23 Billion | $157.30 Billion | ▼ -50.3 pp |
| 2016 | 61.8% | $70.42 Billion | $26.88 Billion | $141.21 Billion | ▼ -2.0 pp |
| 2015 | 63.8% | $71.15 Billion | $25.76 Billion | $133.41 Billion | ▲ +3.2 pp |
| 2014 | 60.5% | $68.99 Billion | $27.22 Billion | $130.36 Billion | ▼ -1.7 pp |
| 2013 | 62.3% | $74.05 Billion | $27.95 Billion | $132.68 Billion | ▲ +6.6 pp |
| 2012 | 55.6% | $64.83 Billion | $28.75 Billion | $121.35 Billion | ▼ -12.6 pp |
| 2011 | 68.2% | $57.08 Billion | $18.14 Billion | $113.64 Billion | ▼ -2.2 pp |
| 2010 | 70.5% | $56.58 Billion | $16.72 Billion | $102.91 Billion | ▲ +2.7 pp |
| 2009 | 67.7% | $50.59 Billion | $16.32 Billion | $94.68 Billion | ▲ +0.6 pp |
| 2008 | 67.1% | $42.51 Billion | $13.98 Billion | $84.91 Billion | ▲ +0.9 pp |
| 2007 | 66.2% | $43.32 Billion | $14.64 Billion | $80.95 Billion | ▲ +5.2 pp |
| 2006 | 61.0% | $39.32 Billion | $15.35 Billion | $70.56 Billion | ▼ -23.1 pp |
| 2005 | 84.0% | $38.71 Billion | $6.18 Billion | $58.86 Billion | ▲ +21.2 pp |
| 2004 | 62.8% | $31.81 Billion | $11.84 Billion | $53.32 Billion | ▲ +5.7 pp |
| 2003 | 57.1% | $26.87 Billion | $11.54 Billion | $48.26 Billion | ▼ -2.2 pp |
| 2002 | 59.3% | $22.70 Billion | $9.25 Billion | $40.56 Billion | ▼ -3.3 pp |
| 2001 | 62.5% | $24.23 Billion | $9.08 Billion | $38.49 Billion | ▼ -0.5 pp |
| 2000 | 63.1% | $20.39 Billion | $7.54 Billion | $34.24 Billion | ▲ +9.8 pp |
| 1999 | 53.3% | $16.21 Billion | $7.57 Billion | $29.16 Billion | ▲ +5.6 pp |
| 1998 | 47.7% | $14.08 Billion | $7.36 Billion | $27.29 Billion | ▼ -25.9 pp |
| 1997 | 73.6% | $12.36 Billion | $3.26 Billion | $21.45 Billion | ▲ +2.3 pp |
| 1996 | 71.3% | $10.84 Billion | $3.11 Billion | $20.01 Billion | ▲ +3.9 pp |
| 1995 | 67.4% | $9.04 Billion | $2.95 Billion | $17.87 Billion | ▲ +1.1 pp |
| 1994 | 66.3% | $7.12 Billion | $2.40 Billion | $15.67 Billion | ▼ -17.1 pp |
| 1993 | 83.4% | $5.57 Billion | $925.00 Million | $12.24 Billion | ▼ -2.8 pp |
| 1992 | 86.2% | $5.17 Billion | $716.00 Million | $11.88 Billion | ▼ -0.7 pp |
| 1991 | 86.9% | $5.63 Billion | $738.00 Million | $10.51 Billion | ▲ +1.3 pp |
| 1990 | 85.6% | $4.90 Billion | $706.00 Million | $9.51 Billion | ▲ +2.6 pp |
| 1989 | 83.0% | $4.15 Billion | $704.00 Million | $7.92 Billion | ▲ +0.4 pp |
| 1988 | 82.6% | $3.50 Billion | $609.00 Million | $7.12 Billion | ▲ +0.5 pp |
| 1987 | 82.2% | $3.48 Billion | $622.00 Million | $6.55 Billion | ▼ -3.9 pp |
| 1986 | 86.1% | $2.82 Billion | $393.10 Million | $5.88 Billion | ▼ -13.9 pp |
| 1985 | 100.0% | $3.35 Billion | $0.00 | $5.10 Billion | — |