Jabil Circuit Inc (JBL)

Cash ratio

Aug 31, 2024 Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020
Cash and cash equivalents US$ in thousands 2,201,000 1,804,000 1,478,000 1,567,000 1,394,000
Short-term investments US$ in thousands 27,000 25,000 16,000 18,000 16,556
Total current liabilities US$ in thousands 11,782,000 12,695,000 13,697,000 10,683,000 9,059,000
Cash ratio 0.19 0.14 0.11 0.15 0.16

August 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,201,000K + $27,000K) ÷ $11,782,000K
= 0.19

The cash ratio of Jabil Circuit Inc has shown some fluctuations over the past five years. In the most recent fiscal year ending on August 31, 2024, the cash ratio was 0.19, indicating that the company had $0.19 of cash and cash equivalents for every $1 of current liabilities. This signifies an improvement compared to the previous year's ratio of 0.14 in August 2023.

However, looking at the trend over the five-year period, the cash ratio has varied between 0.11 in August 2022, 0.15 in August 2021, and 0.16 in August 2020. These fluctuations suggest that Jabil Circuit's ability to cover its short-term obligations with cash on hand has not been consistent over time.

Overall, while the cash ratio has improved in the most recent year, it is important for Jabil Circuit Inc to maintain a healthy cash position to ensure liquidity and meet its short-term financial obligations effectively. Additionally, the company should continue to monitor and manage its cash flow to sustain its financial stability in the long run.


Peer comparison

Aug 31, 2024