Johnson & Johnson (JNJ) Balance Sheet: Assets & Liabilities

Johnson & Johnson (JNJ) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Johnson & Johnson reported total assets of $199.21B and total liabilities of $117.67B. Shareholders' equity was $81.54B, up 14.1% from $71.49B a year earlier. Total debt stood at $47.93B against $20.10B in cash and short-term investments, a net debt position of $27.83B. That puts debt-to-equity at 0.59, compared with 0.51 a year earlier.

Johnson & Johnson Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Johnson & Johnson (JNJ) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Jan 2023	Dec 2022	Jan 2022	Dec 2021	Jan 2021	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	19.71	24.11	21.86	12.89	12.89	14.49	14.49	13.99	17.31	18.11	17.82
Short-Term Investments	0.39	0.42	1.07	9.39	9.39	17.12	17.12	11.20	1.98	1.58	0.47
Cash & Short-Term Investments	20.10	24.52	22.93	22.28	22.28	31.61	31.61	25.19	19.29	19.69	18.30
Accounts Receivable	17.18	14.84	14.87	14.04	16.92	15.28	18.98	13.58	14.48	14.10	13.49
Inventory	14.19	12.44	11.18	10.27	10.27	10.39	10.39	9.34	9.02	8.60	8.77
Other Current Assets	4.15	0.00	4.51	8.71	5.83	3.70	0.00	3.13	2.49	3.65	2.54
Total Current Assets	55.62	55.89	53.50	55.29	55.29	60.98	60.98	51.24	45.27	46.03	43.09
Non-Current Assets
Property, Plant & Equipment (Net)	23.17	20.52	19.90	17.98	17.98	18.96	18.96	18.77	17.66	17.04	17.01
Goodwill	48.77	44.20	36.56	36.05	36.05	35.25	35.25	36.39	33.64	30.45	31.91
Intangible Assets	50.40	37.62	34.18	38.49	38.49	46.39	46.39	53.40	47.64	47.61	53.23
Other Non-Current Assets	14.37	11.41	14.15	39.57	30.62	20.44	10.22	6.56	5.70	4.18	4.97
Total Non-Current Assets	143.59	124.21	114.06	-	132.08	-	121.04	123.66	112.45	106.92	114.22
Total Assets	199.21	180.10	167.56	187.38	187.38	182.02	182.02	174.89	157.73	152.95	157.30
Current Liabilities
Accounts Payable	11.99	10.31	9.63	9.89	9.89	11.06	11.06	9.51	8.54	7.54	7.31
Short-Term Debt	8.50	5.98	3.45	12.76	12.76	3.77	3.77	2.63	1.20	2.80	3.91
Accrued Liabilities	27.72	26.13	26.21	29.57	24.30	30.41	-	-	-	-	-
Other Current Liabilities	33.64	30.26	30.21	3.59	30.94	-	29.29	28.97	23.95	20.08	17.47
Total Current Liabilities	54.13	50.32	46.28	55.80	55.80	45.23	45.23	42.49	35.96	31.23	30.54
Non-Current Liabilities
Long-Term Debt	39.44	30.65	25.88	26.89	26.89	29.99	29.99	32.64	26.49	27.68	30.68
Deferred Tax Liabilities	6.79	2.45	3.19	-	3.99	-	7.49	7.21	5.96	7.51	8.37
Other Non-Current Liabilities	17.31	17.55	13.40	27.89	23.90	32.78	25.30	29.27	29.84	26.78	27.56
Total Non-Current Liabilities	63.54	58.29	52.50	54.77	54.77	62.77	62.77	69.12	62.29	61.97	66.61
Total Liabilities	117.67	108.61	98.78	110.57	110.57	108.00	108.00	111.62	98.26	93.20	97.14
Stockholders' Equity
Common Stock	3.12	3.12	3.12	3.12	3.12	3.12	3.12	3.12	3.12	3.12	3.12
Retained Earnings	168.98	155.79	153.84	128.35	128.35	123.06	123.06	113.89	110.66	106.22	101.79
Accumulated Other Comprehensive Income	-14.93	-11.74	-12.53	-12.97	-12.97	-13.06	-13.06	-15.24	-15.89	-15.22	-13.20
Treasury Stock	75.62	75.68	75.66	-	41.69	-	-	-	-	-	-
Additional Paid-in Capital	-75.62	155.79	153.84	-	-41.69	-	-39.10	-38.49	-38.42	-34.36	-31.55
Shares Outstanding	2.41	2.41	2.41	-	2.61	-	-	-	-	-	-
Total Stockholders' Equity	81.54	71.49	68.77	76.80	76.80	74.02	74.02	63.28	59.47	59.75	60.16
Total Liabilities & Equity	199.21	180.10	167.56	-	187.38	-	182.02	174.89	157.73	152.95	157.30

Source: Company financial statements from annual and quarterly filings. Data as of Sep 27, 2026. Data sources and methodology

Frequently Asked Questions About Johnson & Johnson Balance Sheet

How much debt does Johnson & Johnson have?

Johnson & Johnson had total debt of $47.93B as of Dec 31, 2025, against $20.10B in cash and short-term investments. Its debt-to-equity ratio was 0.59. Total debt was $36.63B a year earlier.

What are Johnson & Johnson's total assets?

Johnson & Johnson reported total assets of $199.21B as of Dec 31, 2025, up 10.6% from $180.10B a year earlier. Total liabilities were $117.67B.

What is Johnson & Johnson's shareholders' equity?

Johnson & Johnson's shareholders' equity was $81.54B as of Dec 31, 2025, or about $33.86 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition