Jacobs Solutions Inc. (J)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,895,580 | 5,137,610 | 4,995,460 | 4,975,270 | 4,690,350 | 4,823,750 | 4,907,880 | 4,807,750 | 4,721,990 | 4,554,160 | 4,691,280 | 4,372,000 | 4,291,900 | 4,742,280 | 5,077,920 | 4,786,850 | 4,539,600 | 4,612,310 | 5,166,850 | 4,378,590 |
| 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 |
| Current ratio | 1.20 | 1.14 | 1.17 | 1.37 | 1.37 | 1.46 | 1.53 | 1.48 | 1.45 | 1.43 | 1.25 | 1.40 | 1.34 | 1.46 | 1.49 | 1.66 | 1.54 | 1.69 | 1.97 | 1.55 |
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 fluctuated over the past several quarters, ranging from a low of 1.14 to a high of 1.97. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive sign of short-term liquidity.
In the most recent quarter, the current ratio of 1.20 suggests that Jacobs Solutions Inc. has $1.20 in current assets for every $1 in current liabilities. Although this ratio is above 1, indicating that the company can cover its short-term obligations, it has decreased from the previous quarter, which may raise some concerns about liquidity management.
Looking at the trend over the past few quarters, there seems to be some variability in the current ratio, indicating potential fluctuations in the company's liquidity position. It is important for Jacobs Solutions Inc. to closely monitor its current ratio and ensure that it maintains a healthy level of liquidity to meet its short-term financial obligations.
Peer comparison
Sep 30, 2024