Jacobs Solutions Inc. (J)
Quick ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 926,582 | 1,140,480 | 1,014,250 | 862,424 | 631,068 |
| Short-term investments | US$ in thousands | — | — | — | 347,510 | 451,133 |
| Receivables | US$ in thousands | 3,558,810 | 3,405,380 | 3,101,420 | 3,167,310 | 2,840,210 |
| Total current liabilities | US$ in thousands | 3,422,560 | 3,250,840 | 3,209,920 | 2,941,600 | 3,073,710 |
| Quick ratio | 1.31 | 1.40 | 1.28 | 1.49 | 1.28 |
September 30, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($926,582K
+ $—K
+ $3,558,810K)
÷ $3,422,560K
= 1.31
The quick ratio of Jacobs Solutions Inc. has shown some fluctuations over the past five years. In Sep 2023, the quick ratio stands at 1.31, a decrease from the previous year's ratio of 1.40. Despite this decrease, the quick ratio remains above 1, indicating that the company has an acceptable level of short-term liquidity to meet its current liabilities without relying heavily on inventory.
Comparing this year's quick ratio to the ratios of the previous years, we observe a pattern of fluctuations. In Sep 2022, the quick ratio was at its highest at 1.40, while in Sep 2020, it was at 1.49. These fluctuations may indicate changes in the company's ability to convert its most liquid assets into cash quickly to meet its short-term obligations.
Overall, the general trend of the quick ratio for Jacobs Solutions Inc. over the past five years suggests that the company has been able to maintain a relatively stable level of liquidity, albeit with some variation. Investors and creditors may find this information important in assessing the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Sep 30, 2023