Jacobs Solutions Inc. (J)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,895,580 | 4,690,350 | 4,721,990 | 4,291,900 | 4,539,600 |
| Total current liabilities | US$ in thousands | 4,079,740 | 3,422,560 | 3,250,840 | 3,209,920 | 2,941,600 |
| Current ratio | 1.20 | 1.37 | 1.45 | 1.34 | 1.54 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,895,580K ÷ $4,079,740K
= 1.20
The current ratio of Jacobs Solutions Inc. has exhibited a fluctuating trend over the past five years. In the most recent fiscal year ending on September 30, 2024, the current ratio stood at 1.20, indicating a decrease compared to the previous year. This suggests that the company may have faced challenges in meeting its short-term obligations with its current assets.
In contrast, the current ratio was higher in the preceding years, with ratios of 1.37 in 2023, 1.45 in 2022, 1.34 in 2021, and 1.54 in 2020. These higher ratios implied a stronger ability to cover short-term liabilities with current assets during those years.
The downward trend in the current ratio from 2020 to 2024 raises concerns about Jacobs Solutions Inc.'s liquidity position and ability to manage its short-term financial obligations. It is essential for the company to closely monitor its current assets and liabilities to ensure a healthy liquidity position in the future.
Peer comparison
Sep 30, 2024