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Cash Ratio for Johnson & Johnson

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JNJ: Johnson & Johnson

Johnson & Johnson, together with its subsidiaries, engages in the research and development, manufacture, and sale of various products in the healthcare field worldwide. It operates in two segments, In...

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Analysis

Fiscal Years

Trailing Twelve Months

Fiscal Halfs

Fiscal Quarters

Daily

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The following section summarizes insights on Johnson & Johnson's Cash Ratio:

Performance Summary

Johnson & Johnson's cash ratio last quarter was 0.5x
Johnson & Johnson's cash ratio for fiscal years ending January 2021 to 2024 averaged 0.5x.
Johnson & Johnson's operated at median cash ratio of 0.5x from fiscal years ending January 2021 to 2024.
Looking back at the last 5 years, Johnson & Johnson's cash ratio peaked in January 2022 at 0.7x.
Johnson & Johnson's cash ratio hit its 5-year low in January 2023 of 0.4x.
Johnson & Johnson's cash ratio decreased in 2023 (0.4x, -42.9%) and 2024 (0.5x, -1.6%) and increased in 2021 (0.6x, +6.7%), 2022 (0.7x, +17.9%), and 2023 (0.5x, +24.1%).

Benchmarks

Metric Usage: Cash Ratio

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cash_ratio

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number

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text

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current

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FY, Q

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Free

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To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Cash Ratio in the risk category include:

Debt / Tangible Equity - A ratio that measures the level of the debt relative to the book value of tangible common equity.
Financial Leverage - A ratio that measures the dollars in total assets for each dollar of common equity.
Short Term Debt Coverage Ratio - A ratio that measures the amount of cash flow a firm generates for each dollar of short-term debt it uses
Equity / Total Assets - A ratio that measures a company's book value of total equity as a percentage of total assets.

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Cash Ratio

A strict ratio used to assess a company's short-term liquidity.

Definition of Cash Ratio

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Cash Ratio is defined as:

Cash Ratio = Cash / Current Liabilities

Cash ratio measures if the company has enough liquidity to service short term liabilities.

Click the link below to download a spreadsheet with an example Cash Ratio calculation for Johnson & Johnson below:

Sector Benchmark Analysis

Sector

Industry Group

Industry

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The chart above depicts the distribution of cash ratio for companies operating in the Healthcare sector in the Developed economic region. Over 2,470 companies were considered in this analysis, and 2,377 had meaningful values. The average cash ratio of companies in the sector is 2.8x with a standard deviation of 4.2x.

Johnson & Johnson's Cash Ratio of 0.5x ranks in the 35.4% percentile for the sector. The following table provides additional summary stats:

Cash Ratio In The Healthcare Sector
Economic Risk Region	Developed
Total Constituents	2,475
Included Constituents	2,377
Min	0.0x
Max	23.7x
Median	1.0x
Mean	2.8x
Standard Deviation	4.2x

You can find companies with similar cash ratio using this stock screener.