Jacobs Solutions Inc. (J)
Cash ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,142,230 | 926,582 | 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 | 631,068 | 998,242 | 674,548 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 450,113 | 451,405 | 540,357 | 347,510 | — | — | 556,500 | 451,133 | — | — |
| Total current liabilities | US$ in thousands | 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 | 3,073,710 | 3,289,450 | 3,188,200 |
| Cash ratio | 0.31 | 0.27 | 0.33 | 0.38 | 0.37 | 0.35 | 0.35 | 0.33 | 0.40 | 0.32 | 0.44 | 0.40 | 0.48 | 0.41 | 0.38 | 0.63 | 0.42 | 0.35 | 0.30 | 0.21 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,142,230K
+ $—K)
÷ $3,644,550K
= 0.31
The cash ratio of Jacobs Solutions Inc. has shown fluctuating trends over the past several quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its readily available cash and cash equivalents.
At December 31, 2023, the cash ratio was 0.31, indicating that the company had $0.31 in cash and cash equivalents for every $1 of current liabilities. This ratio decreased from the previous quarter's ratio of 0.38, suggesting a decrease in the company's liquidity position compared to the prior period.
Looking back further, the cash ratio has varied between 0.21 and 0.63 over the past few years, with the highest ratio recorded at March 31, 2020, and the lowest at June 30, 2019. This variability may indicate fluctuations in the company's cash holdings and short-term liabilities over time.
It is essential for Jacobs Solutions Inc. to maintain a healthy cash ratio to ensure it can meet its short-term obligations. A declining trend in the cash ratio may raise concerns about the company's liquidity position and its ability to cover immediate financial obligations with available cash reserves. Further analysis of the company's cash management practices and overall financial health would provide additional insights into its liquidity position and financial stability.
Peer comparison
Dec 31, 2023