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