Jabil Circuit Inc (JBL)
Cash ratio
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 1,163,340 | 694,086 |
| Short-term investments | US$ in thousands | 26,000 | 25,000 | 25,000 | 23,000 | 22,000 | 22,000 | 16,000 | 17,000 | — | — | — | — | — | — | — | — | — | — | 14,088 | — |
| Total current liabilities | US$ in thousands | 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 | 8,532,100 | 7,867,220 |
| Cash ratio | 0.24 | 0.12 | 0.14 | 0.12 | 0.09 | 0.09 | 0.11 | 0.09 | 0.09 | 0.10 | 0.15 | 0.13 | 0.09 | 0.11 | 0.15 | 0.09 | 0.08 | 0.08 | 0.14 | 0.09 |
February 29, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,566,000K
+ $26,000K)
÷ $10,691,000K
= 0.24
The cash ratio of Jabil Circuit Inc has fluctuated over the past few quarters, ranging from 0.08 to 0.24. The cash ratio measures the company's ability to cover its short-term liabilities using only cash and cash equivalents.
From the data provided, we can see that the cash ratio has generally been relatively low, hovering around 0.10 or lower for most periods. A ratio of less than 1 indicates that the company does not have enough cash on hand to cover its current liabilities in full.
The highest cash ratio reported in the table was 0.24 in February 2024, suggesting an improvement in the company's liquidity position compared to previous periods. However, the ratio dropped back down to 0.12 in the following quarter (November 2023).
Overall, the trend in Jabil Circuit Inc's cash ratio indicates that the company may have limited liquidity and may need to carefully manage its cash flow to ensure it can meet its short-term obligations. Investors and creditors may view a consistently low cash ratio as a potential risk factor when assessing the company's financial health and stability.
Peer comparison
Feb 29, 2024