Jacobs Solutions Inc. (J)
Cash ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,144,800 | 770,853 | 1,140,480 | 1,014,250 | 862,424 |
| Short-term investments | US$ in thousands | 749,468 | 0 | — | — | 347,510 |
| Total current liabilities | US$ in thousands | 4,079,740 | 3,422,560 | 3,250,840 | 3,209,920 | 2,941,600 |
| Cash ratio | 0.46 | 0.23 | 0.35 | 0.32 | 0.41 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,144,800K
+ $749,468K)
÷ $4,079,740K
= 0.46
The cash ratio of Jacobs Solutions Inc. has fluctuated over the past five years, ranging from 0.23 to 0.46. A cash ratio of 0.46 in 2024 indicates that the company had $0.46 in cash and cash equivalents for every $1 of current liabilities. This shows an improvement compared to the previous years, suggesting that Jacobs Solutions Inc. has been more liquid in 2024. The trend of increasing cash ratio could signify better liquidity management, potentially enabling the company to meet its short-term obligations more comfortably. However, it is essential to assess other liquidity ratios and consider the overall financial health of the company for a more comprehensive analysis.
Peer comparison
Sep 30, 2024