Jacobs Solutions Inc. (J)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 4,111,770 | 4,475,940 | 4,846,470 |
| 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 |
| Current ratio | 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 | 1.34 | 1.36 | 1.52 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,975,270K ÷ $3,644,550K
= 1.37
The current ratio of Jacobs Solutions Inc. has fluctuated over the past several quarters, ranging from a low of 1.25 to a high of 1.97. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is a positive sign.
In the recent quarters, the current ratio has generally been above 1.4, reflecting a healthy liquidity position. However, there was a significant increase in the current ratio to 1.97 in March 2020, which could indicate that the company had a substantial amount of current assets relative to its current liabilities at that time.
It is worth noting that a current ratio that is too high may indicate an inefficient use of current assets, as excess cash or inventory may be tying up resources that could be utilized more effectively elsewhere. Monitoring the trend of the current ratio over time can provide insights into the company's liquidity management and financial health.
Peer comparison
Dec 31, 2023