Jacobs Solutions Inc. (J)
Debt-to-assets ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,813,470 | 3,357,260 | 2,839,930 | 1,676,940 | 1,201,240 |
| Total assets | US$ in thousands | 14,617,100 | 14,660,400 | 14,632,600 | 12,354,400 | 11,462,700 |
| Debt-to-assets ratio | 0.19 | 0.23 | 0.19 | 0.14 | 0.10 |
September 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,813,470K ÷ $14,617,100K
= 0.19
The debt-to-assets ratio of Jacobs Solutions Inc. has been fluctuating over the past five years. In the most recent fiscal year ended September 30, 2023, the ratio stood at 0.19, indicating that 19% of the company's total assets were financed through debt. This ratio has decreased from 0.23 in the previous year, which could signal a reduction in the company's reliance on debt financing compared to the year before.
Compared to the ratios from three and four years ago, the current ratio of 0.19 shows a stable level of debt utilization when considering the company's total assets. In both 2021 and 2020, the debt-to-assets ratio was also at 0.19, suggesting a consistent debt management strategy during those years.
However, analyzing further back to 2019, the debt-to-assets ratio has shown a notable upward trend, increasing from 0.10 to 0.19 over the span of four years. This increase indicates that Jacobs Solutions Inc. has been gradually increasing its debt relative to its total assets, potentially signaling a shift towards more debt financing in recent years.
Overall, while the company's debt-to-assets ratio has fluctuated in recent years, the current level of 0.19 suggests a moderate reliance on debt financing as a source of capital for the company's operations.
Peer comparison
Sep 30, 2023