Jacobs Solutions Inc. (J)
Cash ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,144,800 | 1,208,660 | 1,033,520 | 1,142,230 | 770,853 | 1,092,130 | 1,223,330 | 1,211,100 | 1,140,480 | 1,102,280 | 1,235,420 | 1,245,020 | 1,014,250 | 966,146 | 893,284 | 837,012 | 862,424 | 1,024,810 | 1,655,880 | 619,212 |
| Short-term investments | US$ in thousands | 749,468 | 9,700 | — | — | 0 | — | — | — | — | — | — | — | — | 450,113 | 451,405 | 540,357 | 347,510 | 312,300 | 180,900 | 556,500 |
| Total current liabilities | US$ in thousands | 4,079,740 | 4,504,260 | 4,273,320 | 3,644,550 | 3,422,560 | 3,299,990 | 3,211,430 | 3,241,260 | 3,250,840 | 3,189,330 | 3,764,690 | 3,125,580 | 3,209,920 | 3,243,220 | 3,402,840 | 2,888,700 | 2,941,600 | 2,728,470 | 2,624,880 | 2,831,640 |
| Cash ratio | 0.46 | 0.27 | 0.24 | 0.31 | 0.23 | 0.33 | 0.38 | 0.37 | 0.35 | 0.35 | 0.33 | 0.40 | 0.32 | 0.44 | 0.40 | 0.48 | 0.41 | 0.49 | 0.70 | 0.42 |
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 shown some fluctuation over the past few years. The ratio represents the proportion of cash and cash equivalents to current liabilities, providing insight into the company's ability to cover its short-term obligations with its readily available cash resources.
From December 2019 to September 2020, the cash ratio ranged between 0.41 and 0.70, indicating a strong ability to meet short-term obligations with cash on hand. Subsequently, the ratio experienced a decrease, reaching 0.23 by September 2023, which may have raised concerns about liquidity management within the company.
However, there has been a gradual improvement in the cash ratio since September 2023. The ratio stood at 0.46 as of September 2024, suggesting a healthier position in terms of liquidity compared to the previous periods.
Overall, while there have been fluctuations in Jacobs Solutions Inc.'s cash ratio over the years, the recent upward trend indicates a positive shift towards a stronger liquidity position, potentially enhancing the company's ability to meet short-term financial obligations with its available cash resources.
Peer comparison
Sep 30, 2024