Jacobs Solutions Inc. (J)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,549,470 | 6,616,790 | 6,624,110 | 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 |
| Debt-to-capital ratio | 0.23 | 0.24 | 0.25 | 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 |
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
The debt-to-capital ratio of Jacobs Solutions Inc. has shown some fluctuation over the past few quarters. The ratio has ranged from 0.19 to 0.37, indicating the proportion of debt relative to the total capital employed by the company.
In the most recent quarter (September 30, 2024), the debt-to-capital ratio stood at 0.23, which indicates that approximately 23% of the company's capital structure is financed by debt. This represents a slight decrease from the previous quarter, where the ratio was 0.24.
Looking at the trend over the past few quarters, we can see that there was a noticeable increase in the debt-to-capital ratio from December 31, 2021, to March 31, 2023, reaching a peak of 0.35. Subsequently, the ratio decreased but then increased again before stabilizing around 0.3 to 0.34 in the most recent periods.
Overall, the fluctuations in the debt-to-capital ratio suggest some changes in the company's capital structure and debt levels. It would be important to monitor this ratio over time to assess the company's leverage and financial risk profile.
Peer comparison
Sep 30, 2024