Jacobs Solutions Inc. (J)
Quick ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,144,800 | 770,853 | 1,140,480 | 1,014,250 | 862,424 |
| Short-term investments | US$ in thousands | 749,468 | 0 | — | — | 347,510 |
| Receivables | US$ in thousands | 2,845,450 | 2,430,940 | 3,405,380 | 3,101,420 | 3,167,310 |
| Total current liabilities | US$ in thousands | 4,079,740 | 3,422,560 | 3,250,840 | 3,209,920 | 2,941,600 |
| Quick ratio | 1.16 | 0.94 | 1.40 | 1.28 | 1.49 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,144,800K
+ $749,468K
+ $2,845,450K)
÷ $4,079,740K
= 1.16
The quick ratio of Jacobs Solutions Inc. has fluctuated over the past five years, indicating varying levels of liquidity. A quick ratio above 1.0 suggests that the company has an adequate amount of liquid assets to cover its current liabilities.
In 2024, the quick ratio of 1.16 indicates that Jacobs Solutions Inc. had $1.16 in quick assets available to cover each dollar of current liabilities. This suggests improved liquidity compared to the previous year, 2023, when the quick ratio was 0.94. It is worth noting that a quick ratio below 1.0 may indicate potential difficulties in meeting short-term obligations.
Looking back at the earlier years, the quick ratio was particularly strong in 2022 at 1.40 and 2020 at 1.49, suggesting a higher proportion of liquid assets relative to current liabilities during those years. In contrast, the quick ratio dipped in 2021 to 1.28 before rebounding in subsequent years.
Overall, the trend in Jacobs Solutions Inc.'s quick ratio indicates fluctuations in liquidity levels, highlighting the importance of monitoring the company's ability to meet its short-term financial obligations with readily available assets.
Peer comparison
Sep 30, 2024