Jacobs Solutions Inc. (J)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 1,201,240 | 1,025,200 | 2,841,540 |
| Total assets | US$ in thousands | 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 | 11,462,700 | 11,641,300 | 12,945,800 |
| Debt-to-assets ratio | 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 | 0.10 | 0.09 | 0.22 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,834,880K ÷ $14,952,200K
= 0.19
The debt-to-assets ratio of Jacobs Solutions Inc. has fluctuated over the past two years, ranging from 0.09 to 0.24. Generally, a lower debt-to-assets ratio indicates less financial risk as it implies a smaller proportion of the company's assets are financed by debt.
From December 2022 to March 2023, there was a notable increase in the debt-to-assets ratio from 0.23 to 0.24, suggesting a higher reliance on debt financing during this period. However, this uptrend reversed in the subsequent quarters, with the ratio decreasing to 0.19 by December 2023. This reduction could indicate a shift towards a more conservative capital structure with less reliance on debt funding.
Overall, Jacobs Solutions Inc. seems to have maintained a moderate level of debt relative to its assets, which indicates a balance between utilizing debt for growth and maintaining financial stability. It will be essential for the company to continue monitoring its debt levels and financial health to ensure sustainable operations and growth opportunities in the future.
Peer comparison
Dec 31, 2023