Jacobs Solutions Inc. (J)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 6,678,270 | 6,546,220 | 6,521,720 | 6,379,640 | 6,184,100 | 6,060,060 | 5,933,290 | 6,077,450 | 6,069,950 | 5,940,040 | 6,152,910 | 6,008,440 | 6,099,490 | 5,815,710 | 5,835,810 | 5,561,780 | 6,004,420 | 5,714,690 | 6,060,060 | 5,465,850 |
| Debt-to-capital ratio | 0.30 | 0.30 | 0.33 | 0.35 | 0.36 | 0.36 | 0.37 | 0.34 | 0.34 | 0.32 | 0.33 | 0.36 | 0.23 | 0.22 | 0.27 | 0.36 | 0.19 | 0.17 | 0.14 | 0.34 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,834,880K ÷ ($2,834,880K + $6,678,270K)
= 0.30
The debt-to-capital ratio for Jacobs Solutions Inc. has been fluctuating over the past few years, indicating varying levels of reliance on debt to finance its operations in relation to its total capital structure.
The ratio has ranged from a low of 0.14 to a high of 0.37 during the periods analyzed. A decreasing trend can be observed in the most recent quarters, as the ratio has declined from 0.36 in Dec 2022 to 0.30 in Dec 2023. This suggests that the company may be reducing its reliance on debt as a source of capital, which could positively impact its financial stability and risk profile.
Overall, while the debt-to-capital ratio for Jacobs Solutions Inc. has shown some variability, the recent decline may indicate a more conservative approach towards managing its capital structure and financial obligations.
Peer comparison
Dec 31, 2023