Johnson & Johnson (JNJ) — Working Capital to Net Assets Ratio
Johnson & Johnson (JNJ) has a Working Capital to Net Assets ratio of 4.7% as of September 2025. Working capital of $3.74 Billion (current assets of $54.61 Billion minus current liabilities of $50.87 Billion) is measured against net assets of $79.28 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Johnson & Johnson defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Johnson & Johnson Working Capital to Net Assets (1985–2024)
This chart shows how Johnson & Johnson's Working Capital to Net Assets ratio has evolved across 40 annual periods from 1985 to 2024. As of September 2025, the ratio stands at 4.7%, reflecting working capital of $3.74 Billion against net assets of $79.28 Billion USD. For the complete balance sheet picture, see Johnson & Johnson asset portfolio.
Annual Working Capital to Net Assets for Johnson & Johnson (1985–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Johnson & Johnson from 1985 to 2024, covering 40 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check Johnson & Johnson liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 7.8% | $5.57 Billion | $71.49 Billion | $55.89 Billion | $50.32 Billion | ▼ -2.7 pp |
| 2023 | 10.5% | $7.21 Billion | $68.77 Billion | $53.49 Billion | $46.28 Billion | ▲ +11.1 pp |
| 2022 | -0.7% | $-508.00 Million | $76.80 Billion | $55.29 Billion | $55.80 Billion | ▼ -21.9 pp |
| 2021 | 21.3% | $15.75 Billion | $74.02 Billion | $60.98 Billion | $45.23 Billion | ▲ +7.5 pp |
| 2020 | 13.8% | $8.74 Billion | $63.28 Billion | $51.24 Billion | $42.49 Billion | ▼ -1.8 pp |
| 2019 | 15.7% | $9.31 Billion | $59.47 Billion | $45.27 Billion | $35.96 Billion | ▼ -9.1 pp |
| 2018 | 24.8% | $14.80 Billion | $59.75 Billion | $46.03 Billion | $31.23 Billion | ▲ +3.9 pp |
| 2017 | 20.9% | $12.55 Billion | $60.16 Billion | $43.09 Billion | $30.54 Billion | ▼ -34.2 pp |
| 2016 | 55.0% | $38.74 Billion | $70.42 Billion | $65.03 Billion | $26.29 Billion | ▲ +9.4 pp |
| 2015 | 45.6% | $32.46 Billion | $71.15 Billion | $60.21 Billion | $27.75 Billion | ▼ -4.0 pp |
| 2014 | 49.6% | $34.23 Billion | $68.99 Billion | $59.31 Billion | $25.09 Billion | ▲ +8.1 pp |
| 2013 | 41.5% | $30.73 Billion | $74.05 Billion | $56.41 Billion | $25.68 Billion | ▲ +7.8 pp |
| 2012 | 33.7% | $21.85 Billion | $64.83 Billion | $46.12 Billion | $24.26 Billion | ▼ -21.5 pp |
| 2011 | 55.2% | $31.50 Billion | $57.08 Billion | $54.32 Billion | $22.81 Billion | ▲ +12.4 pp |
| 2010 | 42.8% | $24.23 Billion | $56.58 Billion | $47.31 Billion | $23.07 Billion | ▲ +7.6 pp |
| 2009 | 35.2% | $17.81 Billion | $50.59 Billion | $39.54 Billion | $21.73 Billion | ▲ +3.4 pp |
| 2008 | 31.8% | $13.53 Billion | $42.51 Billion | $34.38 Billion | $20.85 Billion | ▲ +8.5 pp |
| 2007 | 23.3% | $10.11 Billion | $43.32 Billion | $29.95 Billion | $19.84 Billion | ▲ +13.6 pp |
| 2006 | 9.7% | $3.81 Billion | $39.32 Billion | $22.98 Billion | $19.16 Billion | ▼ -39.0 pp |
| 2005 | 48.7% | $18.84 Billion | $38.71 Billion | $31.48 Billion | $12.63 Billion | ▲ +6.6 pp |
| 2004 | 42.1% | $13.39 Billion | $31.81 Billion | $27.32 Billion | $13.93 Billion | ▲ +6.6 pp |
| 2003 | 35.5% | $9.55 Billion | $26.87 Billion | $23.00 Billion | $13.45 Billion | ▲ +1.1 pp |
| 2002 | 34.4% | $7.82 Billion | $22.70 Billion | $19.27 Billion | $11.45 Billion | ▼ -8.6 pp |
| 2001 | 43.0% | $10.43 Billion | $24.23 Billion | $18.47 Billion | $8.04 Billion | ▼ -3.2 pp |
| 2000 | 46.3% | $9.44 Billion | $20.39 Billion | $16.69 Billion | $7.25 Billion | ▲ +10.8 pp |
| 1999 | 35.4% | $5.75 Billion | $16.21 Billion | $13.20 Billion | $7.45 Billion | ▲ +12.8 pp |
| 1998 | 22.7% | $3.19 Billion | $14.08 Billion | $11.49 Billion | $8.29 Billion | ▼ -20.0 pp |
| 1997 | 42.7% | $5.28 Billion | $12.36 Billion | $10.56 Billion | $5.28 Billion | ▲ +4.1 pp |
| 1996 | 38.6% | $4.19 Billion | $10.84 Billion | $9.37 Billion | $5.18 Billion | ▼ -0.6 pp |
| 1995 | 39.2% | $3.55 Billion | $9.04 Billion | $7.94 Billion | $4.39 Billion | ▲ +5.4 pp |
| 1994 | 33.9% | $2.41 Billion | $7.12 Billion | $6.68 Billion | $4.27 Billion | ▼ -2.1 pp |
| 1993 | 36.0% | $2.00 Billion | $5.57 Billion | $5.22 Billion | $3.21 Billion | ▼ -2.6 pp |
| 1992 | 38.6% | $2.00 Billion | $5.17 Billion | $5.42 Billion | $3.43 Billion | ▼ -1.3 pp |
| 1991 | 39.9% | $2.24 Billion | $5.63 Billion | $4.93 Billion | $2.69 Billion | ▼ -1.8 pp |
| 1990 | 41.7% | $2.04 Billion | $4.90 Billion | $4.66 Billion | $2.62 Billion | ▼ -2.9 pp |
| 1989 | 44.6% | $1.85 Billion | $4.15 Billion | $3.78 Billion | $1.93 Billion | ▼ -2.1 pp |
| 1988 | 46.7% | $1.64 Billion | $3.50 Billion | $3.50 Billion | $1.87 Billion | ▲ +3.4 pp |
| 1987 | 43.3% | $1.51 Billion | $3.48 Billion | $3.27 Billion | $1.76 Billion | ▲ +11.1 pp |
| 1986 | 32.2% | $908.90 Million | $2.82 Billion | $3.20 Billion | $2.29 Billion | ▼ -19.3 pp |
| 1985 | 51.5% | $1.72 Billion | $3.35 Billion | $2.90 Billion | $1.17 Billion | — |