Jacobs Solutions Inc. (J)
Debt-to-equity 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-equity ratio | 0.42 | 0.43 | 0.48 | 0.53 | 0.56 | 0.55 | 0.59 | 0.53 | 0.51 | 0.48 | 0.50 | 0.57 | 0.29 | 0.29 | 0.37 | 0.56 | 0.24 | 0.21 | 0.17 | 0.52 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,834,880K ÷ $6,678,270K
= 0.42
The debt-to-equity ratio of Jacobs Solutions Inc. has fluctuated over the past five years, indicating varying levels of debt and equity financing in the company's capital structure. The ratio has ranged from a low of 0.17 to a high of 0.59 during this period.
A decreasing trend in the debt-to-equity ratio from 0.59 in Jun 2022 to 0.24 in Dec 2019 suggests a reduction in the proportion of debt relative to equity, which could signal improved financial stability and lower financial risk for the company.
However, the ratio increased to 0.56 by Mar 2020 before declining again, indicating potential shifts in the company's capital structure or financial strategy.
Overall, the debt-to-equity ratio of Jacobs Solutions Inc. has shown volatility over the period, reflecting changes in the company's debt levels and equity financing. It would be important to further investigate the reasons behind these fluctuations to assess the company's financial health and risk profile accurately.
Peer comparison
Dec 31, 2023