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 debt-free asset ratio of Johnson & Johnson to measure how much of total assets are equity-financed.
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. Check JNJ intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
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. For live market cap and the full company profile, see JNJ stock market capitalisation.
| 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 | — |