Jacobs Solutions Inc. (J)
Current ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,690,350 | 4,721,990 | 4,291,900 | 4,539,600 | 4,111,770 |
| Total current liabilities | US$ in thousands | 3,422,560 | 3,250,840 | 3,209,920 | 2,941,600 | 3,073,710 |
| Current ratio | 1.37 | 1.45 | 1.34 | 1.54 | 1.34 |
September 30, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,690,350K ÷ $3,422,560K
= 1.37
The current ratio of Jacobs Solutions Inc. shows a slight fluctuation over the past five years. The ratio was 1.34 in 2019 and 2021, indicating that the company had $1.34 in current assets for every $1 in current liabilities during those years. There was an improvement in 2020 with a ratio of 1.54, suggesting the company had a stronger liquidity position that year. In 2022, the ratio increased to 1.45 before slightly decreasing to 1.37 in 2023.
Overall, the current ratio has been relatively stable, hovering around 1.34 to 1.54, which signifies that Jacobs Solutions Inc. has generally been able to meet its short-term obligations with its current assets over the past five years. However, a current ratio above 1 does not necessarily imply optimal liquidity, and it may be beneficial for the company to further analyze its liquidity position to ensure it can efficiently cover its short-term liabilities.
Peer comparison
Sep 30, 2023