Jacobs Solutions Inc. (J)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,144,800 | 1,208,660 | 1,033,520 | 1,142,230 | 770,853 | 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 |
| Short-term investments | US$ in thousands | 749,468 | 9,700 | — | — | 0 | — | — | — | — | — | — | — | — | 450,113 | 451,405 | 540,357 | 347,510 | 312,300 | 180,900 | 556,500 |
| Receivables | US$ in thousands | 2,845,450 | 3,774,230 | 3,772,480 | 3,676,510 | 2,430,940 | 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 |
| 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 |
| Quick ratio | 1.16 | 1.11 | 1.12 | 1.32 | 0.94 | 1.41 | 1.48 | 1.43 | 1.40 | 1.38 | 1.21 | 1.36 | 1.28 | 1.42 | 1.37 | 1.61 | 1.49 | 1.65 | 1.91 | 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, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. Jacobs Solutions Inc.'s quick ratio has shown fluctuations over the past five years. As of September 30, 2024, the quick ratio stands at 1.16, which suggests the company has $1.16 in liquid assets available to cover each $1 of current liabilities.
Looking at the trend in the quick ratio since December 2019, there has been some variability. The ratio increased from 1.49 in December 2019 to a peak of 1.65 in March 2020, indicating a strong ability to cover short-term obligations at that time. However, there was a notable drop to 0.94 in September 2023, suggesting a potential liquidity strain.
Since September 2023, the quick ratio has been showing an increasing trend, reaching 1.16 in September 2024. This indicates an improvement in the company's short-term liquidity position compared to previous periods.
Overall, Jacobs Solutions Inc.'s quick ratio has displayed fluctuations but seems to have strengthened in more recent periods. It is essential for investors and creditors to monitor the quick ratio over time to assess the company's ability to meet its short-term obligations efficiently.
Peer comparison
Sep 30, 2024