Jacobs Solutions Inc. (J)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,348,590 | 2,091,460 | 2,164,840 | 2,834,880 | 2,813,470 | 3,145,530 | 3,402,470 | 3,434,320 | 3,357,260 | 3,520,490 | 3,196,370 | 3,073,070 | 2,839,930 | 3,067,740 | 3,425,850 | 1,797,070 | 1,676,940 | 2,155,170 | 3,099,460 | 1,414,900 |
| Total assets | US$ in thousands | 11,759,000 | 15,048,300 | 14,897,600 | 14,952,200 | 14,617,100 | 14,936,700 | 15,002,600 | 14,918,200 | 14,660,400 | 14,722,200 | 15,183,300 | 14,804,100 | 14,632,600 | 15,209,300 | 15,562,100 | 12,767,600 | 12,354,400 | 12,611,800 | 13,134,600 | 12,200,600 |
| Debt-to-assets ratio | 0.11 | 0.14 | 0.15 | 0.19 | 0.19 | 0.21 | 0.23 | 0.23 | 0.23 | 0.24 | 0.21 | 0.21 | 0.19 | 0.20 | 0.22 | 0.14 | 0.14 | 0.17 | 0.24 | 0.12 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,348,590K ÷ $11,759,000K
= 0.11
Over the past five years, Jacobs Solutions Inc.'s debt-to-assets ratio has fluctuated between 0.11 and 0.24. The ratio measures the proportion of the company's total debt to its total assets, indicating the extent to which the company relies on debt financing to fund its operations.
A lower debt-to-assets ratio suggests a lower level of financial risk as it indicates that the company has a lower proportion of debt in relation to its assets. Jacobs Solutions Inc. has shown relatively consistent performance in managing its debt levels, with the ratio hovering between 0.11 and 0.24 over the period.
Between December 2019 and March 2020, the ratio increased from 0.14 to 0.24, indicating a significant increase in the company's reliance on debt financing relative to its assets during that period. However, the ratio decreased to 0.14 by September 2020, reflecting a reduction in the company's debt levels as a proportion of total assets.
Overall, Jacobs Solutions Inc.'s debt-to-assets ratio has shown some fluctuations over the past five years, but the company generally maintains a moderate level of debt in relation to its assets. It is important for investors and stakeholders to monitor this ratio to assess the company's financial health and risk management practices.
Peer comparison
Sep 30, 2024