Jacobs Solutions Inc. (J)
Debt-to-equity 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-equity ratio | 0.30 | 0.32 | 0.33 | 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 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,348,590K ÷ $4,549,470K
= 0.30
The debt-to-equity ratio of Jacobs Solutions Inc. has fluctuated over the past few years, indicating varying levels of leverage and financial risk.
The ratio was relatively low at 0.24 in December 2019 but showed an upward trend reaching a peak of 0.59 in June 2022. This increase suggests that the company may have taken on more debt compared to equity during this period.
Subsequently, there was a decrease in the ratio to 0.29 in September 2022, indicating a reduction in debt relative to equity. However, the ratio increased again to 0.56 by March 2023, before fluctuating around the 0.50 mark for the next few quarters.
The most recent ratio as of September 2024 is 0.30, demonstrating a decrease in leverage compared to the previous quarter. Overall, the company's debt-to-equity ratio has displayed volatility, with periods of both increasing and decreasing leverage, highlighting the importance of monitoring its financial structure and debt levels.
Peer comparison
Sep 30, 2024