Jabil Circuit Inc (JBL)
Cash ratio
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,201,000 | 2,457,000 | 2,566,000 | 1,550,000 | 1,804,000 | 1,480,000 | 1,200,000 | 1,217,000 | 1,478,000 | 1,070,000 | 1,093,000 | 1,229,000 | 1,567,000 | 1,240,730 | 838,099 | 1,107,570 | 1,394,000 | 763,337 | 696,745 | 719,842 |
| Short-term investments | US$ in thousands | 27,000 | 26,000 | 26,000 | 25,000 | 25,000 | 23,000 | 22,000 | 22,000 | 16,000 | 17,000 | 17,000 | 18,000 | 18,000 | 17,216 | 16,878 | 17,220 | 17,000 | 16,860 | 16,652 | 16,350 |
| Total current liabilities | US$ in thousands | 11,782,000 | 11,423,000 | 10,691,000 | 13,030,000 | 12,695,000 | 12,796,000 | 13,282,000 | 14,372,000 | 13,697,000 | 11,942,000 | 11,714,000 | 11,965,000 | 10,683,000 | 9,847,000 | 8,842,380 | 9,662,000 | 9,059,000 | 8,768,280 | 8,405,140 | 9,562,050 |
| Cash ratio | 0.19 | 0.22 | 0.24 | 0.12 | 0.14 | 0.12 | 0.09 | 0.09 | 0.11 | 0.09 | 0.09 | 0.10 | 0.15 | 0.13 | 0.10 | 0.12 | 0.16 | 0.09 | 0.08 | 0.08 |
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 fluctuation over the periods outlined in the data table. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
The ratio has generally ranged between 0.08 to 0.24, with a few fluctuations above and below this range. A cash ratio of 0.19 indicates that for every dollar of current liabilities, Jabil Circuit Inc had $0.19 in cash and cash equivalents available to cover those liabilities as of August 31, 2024.
The trend in the cash ratio shows some variability, suggesting changes in the company's liquidity position over time. It is important to note that a higher cash ratio indicates a stronger ability to cover short-term obligations, while a lower ratio may signal potential liquidity challenges.
Further analysis and comparison with industry norms and historical trends would provide additional insight into Jabil Circuit Inc's liquidity position and financial health.
Peer comparison
Aug 31, 2024