Jacobs Solutions Inc. (J)
Debt-to-capital ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,348,590 | 2,813,470 | 3,357,260 | 2,839,930 | 1,676,940 |
| Total stockholders’ equity | US$ in thousands | 4,549,470 | 6,546,220 | 6,060,060 | 5,940,040 | 5,815,710 |
| Debt-to-capital ratio | 0.23 | 0.30 | 0.36 | 0.32 | 0.22 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,348,590K ÷ ($1,348,590K + $4,549,470K)
= 0.23
Jacobs Solutions Inc.'s debt-to-capital ratio has shown a fluctuating trend over the past five years, ranging from 0.22 to 0.36. The ratio decreased from 0.36 in 2022 to 0.32 in 2021, then subsequently decreased to 0.23 in 2024. This indicates that the company has been managing its debt level in relation to its capital structure more effectively in recent years. A lower debt-to-capital ratio suggests that the company is relying less on debt financing and may have a stronger financial position. However, it is important to note that the optimal debt-to-capital ratio can vary by industry and the company's specific circumstances. Overall, Jacobs Solutions Inc. appears to be making progress in balancing its debt and capital levels, which could support its financial stability and future growth prospects.
Peer comparison
Sep 30, 2024