Jacobs Solutions Inc. (J)
Debt-to-equity ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,813,470 | 3,357,260 | 2,839,930 | 1,676,940 | 1,201,240 |
| Total stockholders’ equity | US$ in thousands | 6,546,220 | 6,060,060 | 5,940,040 | 5,815,710 | 5,714,690 |
| Debt-to-equity ratio | 0.43 | 0.55 | 0.48 | 0.29 | 0.21 |
September 30, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,813,470K ÷ $6,546,220K
= 0.43
Jacobs Solutions Inc.'s debt-to-equity ratio has fluctuated over the past five years, ranging from 0.21 to 0.55. The trend indicates an increase in leveraging over time, with a notable jump from 0.29 in 2020 to 0.48 in 2021. However, the company managed to decrease the ratio to 0.43 in 2023. This suggests that the company has been gradually taking on more debt relative to its equity, potentially indicating increased financial risk. It is essential to closely monitor this ratio in the future to assess the company's ability to meet its debt obligations and maintain financial stability.
Peer comparison
Sep 30, 2023