Jacobs Solutions Inc. (J)

Solvency ratios

	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
Debt-to-assets ratio	0.19	0.19	0.21	0.23	0.23	0.23	0.24	0.21	0.21	0.19	0.20	0.22	0.14	0.14	0.17	0.24	0.12	0.10	0.09	0.22
Debt-to-capital ratio	0.30	0.30	0.33	0.35	0.36	0.36	0.37	0.34	0.34	0.32	0.33	0.36	0.23	0.22	0.27	0.36	0.19	0.17	0.14	0.34
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
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

Jacobs Solutions Inc.'s solvency ratios have shown varying trends over the past five years. The debt-to-assets ratio, which measures the proportion of assets financed by debt, ranged between 0.14 to 0.24, indicating a relatively conservative level of debt usage. There was a slight increase in the ratio in the most recent quarter compared to previous periods.

The debt-to-capital ratio, reflecting the percentage of capital provided by debt, ranged between 0.22 to 0.37. This ratio also increased in the latest quarter, suggesting a higher reliance on debt to fund the company's operations.

The debt-to-equity ratio, showing the extent to which debt is used to finance operations compared to equity, fluctuated between 0.17 to 0.59. This ratio increased significantly in the most recent quarter, indicating a higher level of debt relative to equity in the capital structure.

The financial leverage ratio, which measures the company's use of debt to finance assets, varied from 1.92 to 2.59. This ratio increased steadily over the past five years and peaked in the most recent quarter, signaling a higher degree of financial risk and leverage.

Overall, Jacobs Solutions Inc. has maintained a relatively conservative debt structure based on the debt-to-assets ratio, but the increasing trends in the debt-to-capital, debt-to-equity, and financial leverage ratios suggest a shift towards a more leveraged financial position in recent quarters. It is important for investors and stakeholders to monitor these trends closely to assess the company's ability to meet its debt obligations and manage financial risk effectively.

Coverage ratios

	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
Interest coverage	5.85	6.13	6.75	7.75	7.95	9.03	9.82	10.34	8.60	9.46	6.87	5.99	9.25	8.62	10.51	8.60	6.04	4.83	5.64	6.58

The interest coverage ratio for Jacobs Solutions Inc. has shown a generally positive trend over the past five fiscal years. The ratio has consistently been above 1, indicating that the company's operating income is more than sufficient to cover its interest expenses.

Looking at the most recent data, as of December 31, 2023, the interest coverage ratio stood at 5.85, indicating that the company earned 5.85 times more operating income than the amount needed to cover its interest expenses. This ratio has demonstrated a slight downward trend in recent quarters but remains at a healthy level.

Overall, Jacobs Solutions Inc. has maintained a strong ability to meet its interest obligations, with the interest coverage ratio consistently remaining above industry benchmarks. This trend signifies the company's financial health and ability to manage its debt obligations effectively.