Jacobs Solutions Inc. (J)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,142,230 | 926,582 | 1,092,130 | 1,223,330 | 1,211,100 | 1,140,480 | 1,102,280 | 1,235,420 | 1,245,020 | 1,014,250 | 966,146 | 893,284 | 837,012 | 862,424 | 1,024,810 | 1,655,880 | 619,212 | 631,068 | 998,242 | 674,548 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 450,113 | 451,405 | 540,357 | 347,510 | — | — | 556,500 | 451,133 | — | — |
| Receivables | US$ in thousands | 3,676,510 | 3,558,810 | 3,558,720 | 3,518,730 | 3,439,940 | 3,405,380 | 3,303,280 | 3,302,870 | 2,992,810 | 3,101,420 | 3,188,950 | 3,301,620 | 3,265,260 | 3,167,310 | 3,153,660 | 3,178,580 | 3,056,120 | 2,840,210 | 2,779,190 | 2,747,170 |
| 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 |
| Quick ratio | 1.32 | 1.31 | 1.41 | 1.48 | 1.43 | 1.40 | 1.38 | 1.21 | 1.36 | 1.28 | 1.42 | 1.37 | 1.61 | 1.49 | 1.53 | 1.84 | 1.49 | 1.28 | 1.15 | 1.07 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,142,230K
+ $—K
+ $3,676,510K)
÷ $3,644,550K
= 1.32
The quick ratio of Jacobs Solutions Inc. has shown some fluctuations over the past few quarters. The quick ratio, which measures the company's ability to cover its short-term obligations with its most liquid assets, has ranged from a low of 1.07 to a high of 1.84.
In general, a quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities. Jacobs Solutions Inc. has maintained a quick ratio above 1 throughout the period, which is a positive sign.
It is noteworthy that the quick ratio has shown some variability, with some quarters demonstrating ratios closer to 1.2 while others reaching closer to 1.5 or even 1.8. This variability may indicate fluctuations in the company's cash and near-cash assets relative to its current liabilities during these periods.
Overall, the quick ratio analysis suggests that Jacobs Solutions Inc. has generally been able to meet its short-term obligations using its liquid assets, although the variability in the ratio should be further investigated to understand the reasons behind these fluctuations.
Peer comparison
Dec 31, 2023