Jacobs Solutions Inc. (J)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 11,759,000 | 15,048,300 | 14,897,600 | 14,952,200 | 14,617,100 | 14,936,700 | 15,002,600 | 14,918,200 | 14,660,400 | 14,722,200 | 15,183,300 | 14,804,100 | 14,632,600 | 15,209,300 | 15,562,100 | 12,767,600 | 12,354,400 | 12,611,800 | 13,134,600 | 12,200,600 |
| 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 |
| Financial leverage ratio | 2.58 | 2.27 | 2.25 | 2.24 | 2.23 | 2.29 | 2.35 | 2.41 | 2.42 | 2.48 | 2.50 | 2.44 | 2.46 | 2.47 | 2.59 | 2.09 | 2.12 | 2.16 | 2.36 | 2.03 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $11,759,000K ÷ $4,549,470K
= 2.58
The financial leverage ratio of Jacobs Solutions Inc. has shown a relatively stable trend over the past eight quarters, hovering around 2.25 to 2.60. This indicates that the company has been using a moderate level of debt to finance its operations and growth initiatives.
The ratio peaked at 2.60 in the first quarter of 2021 but has since fluctuated within a narrow range. A financial leverage ratio above 2 suggests that the company has a higher proportion of debt compared to equity in its capital structure, indicating a moderate level of financial risk.
Overall, Jacobs Solutions Inc. appears to have a steady and consistent approach to its capital structure in the recent quarters, maintaining a moderate level of leverage to support its business operations and growth strategies.
Peer comparison
Sep 30, 2024