Jacobs Solutions Inc. (J)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 11,462,700 | 11,641,300 | 12,945,800 |
| 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 |
| Financial leverage ratio | 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 | 2.01 | 1.92 | 2.37 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $14,952,200K ÷ $6,678,270K
= 2.24
The financial leverage ratio of Jacobs Solutions Inc. has fluctuated over the past few quarters, ranging from a low of 1.92 to a high of 2.59. The ratio measures the company's reliance on debt financing to support its operations and growth.
A financial leverage ratio above 1 indicates that the company has more debt than equity in its capital structure. Jacobs Solutions Inc. has consistently maintained a ratio above 2, suggesting a significant reliance on debt to finance its operations.
The upward trend observed from March 2021 to March 2022 indicates an increasing proportion of debt in the company's capital structure. However, the ratio has shown some fluctuations in recent quarters, with a slight decrease noted in the most recent observations.
Overall, a financial leverage ratio of around 2.24 as of December 31, 2023, indicates that Jacobs Solutions Inc. continues to have a high level of financial leverage, which could present risks in terms of debt repayment obligations and financial stability.
Peer comparison
Dec 31, 2023