Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Paying user area
Try for free
Johnson & Johnson pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Enterprise Value to FCFF (EV/FCFF)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Johnson & Johnson for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Johnson & Johnson, common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 10-K (reporting date: 2024-12-29), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Liabilities Trends
- Current liabilities as a percentage of total liabilities and shareholders’ equity showed an overall increase from 24.3% in 2020 to a peak of 29.78% in 2022, followed by a slight decline to 27.94% by the end of 2024. This suggests a growing but somewhat stabilizing proportion of short-term obligations.
- Long-term debt excluding the current portion decreased from 18.66% in 2020 to 14.35% in 2022, then rose again to 17.02% in 2024, indicating some fluctuation in long-term financing use, with a partial resurgence toward the end of the period.
- The overall non-current liabilities trend moved downward from 39.52% in 2020 to 29.23% in 2022 but increased afterward, reaching 32.37% by 2024, reflecting changes in the composition or structure of long-term obligations.
- Total liabilities as a percentage of total liabilities and shareholders’ equity declined from 63.82% in 2020 to 59.01% in 2022, then slightly climbed to 60.31% in 2024, indicating a relatively stable leverage position with minor fluctuations.
- Specific Liability Components
- Loans and notes payable exhibited volatility, increasing significantly from 1.5% in 2020 to 6.82% in 2022, then decreasing to 3.32% in 2024, pointing to varying reliance on this form of debt.
- Accounts payable remained relatively stable throughout the period, fluctuating mildly around 5.43% to 6.25%, signaling consistency in trade credit obligations.
- Accrued liabilities declined gradually from 7.99% in 2020 to 4.75% in 2024, showing a reduction in short-term accrued expenses or obligations.
- Accrued rebates, returns, and promotions increased consistently from 6.58% in 2020 to 9.76% in 2024, suggesting growing obligations related to sales incentives or returns.
- Accrued compensation and employee-related obligations slightly increased from about 2% to approximately 2.3% over the period, indicating stable but slightly rising employee-related short-term liabilities.
- Accrued taxes on income roughly doubled from 0.8% in 2020 to 2.09% in 2024, evidencing growing short-term tax liabilities.
- Deferred taxes on income and long-term taxes payable both demonstrated declining trends, with deferred taxes decreasing from 4.12% to 1.36%, and long-term taxes payable dropping notably from 3.75% to 0.22%, indicating reduced deferred tax burdens.
- Employee-related obligations showed a downward trend from 6.16% to 4.03%, reflecting a reduction in long-term employee liabilities over time.
- Other liabilities increased from 6.83% to 9.74%, suggesting a growing category of miscellaneous or less defined liabilities.
- Shareholders’ Equity Trends
- Shareholders’ equity as a percentage of total liabilities and shareholders’ equity increased from 36.18% in 2020, peaking around 41.04% in 2023, then slightly declining to 39.69% in 2024, signaling a net strengthening of the equity base before a slight erosion.
- Retained earnings and additional paid-in capital rose substantially from 65.12% in 2020 to 91.81% in 2023 before declining to 86.5% in 2024, demonstrating growth in accumulated profits or capital contributions, with some reduction in the final year.
- Common stock held in treasury at cost showed a marked increase in absolute negative value, moving from about -22% to approximately -42%, indicating aggressive or increased share buybacks reducing shareholders’ equity.
- Accumulated other comprehensive loss improved slightly, with the negative balance shrinking from -8.71% to -6.52%, denoting a slight reduction in accumulated unrealized losses or negative adjustments.
- Common stock par value remained fairly stable around 1.7% to 1.8%, reflecting consistency in the nominal capital structure.
- Summary
- The financial data reveals a general trend of fluctuating liabilities with an overall slight reduction in total liabilities proportion relative to equity, followed by stabilization. Short-term obligations comprise a larger share of total liabilities in recent years compared to earlier periods. Long-term debt shows variability with some increase after initial reduction. Equity components indicate accumulation of earnings and capital contributions but are tempered by increased treasury stock, demonstrating active share repurchase programs. The decrease in accrued liabilities and deferred taxes suggests improved management or changing financial policies. Growing accrued rebates, returns, and promotions hint at increased marketing or sales incentives impact on liabilities. Overall, the company maintains a balanced leverage position with dynamic shifts in liability composition and a relatively strong, though slightly volatile, equity presence.