Jabil Circuit Inc (JBL)
Current ratio
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,791,000 | 14,730,000 | 13,908,000 | 10,877,000 | 9,135,000 |
| Total current liabilities | US$ in thousands | 11,782,000 | 12,695,000 | 13,697,000 | 10,683,000 | 9,059,000 |
| Current ratio | 1.09 | 1.16 | 1.02 | 1.02 | 1.01 |
August 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $12,791,000K ÷ $11,782,000K
= 1.09
The current ratio of Jabil Circuit Inc has shown fluctuations over the past five years, ranging from 1.01 in 2020 to 1.16 in 2023. As of August 31, 2024, the current ratio stands at 1.09.
A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive sign as it suggests the company is able to meet its short-term obligations. However, a ratio that is too high may indicate an inefficient use of assets.
In the case of Jabil Circuit Inc, the current ratio has been relatively stable, with minor fluctuations over the years. The current ratio of 1.09 in 2024 indicates that the company has $1.09 in current assets for every $1 in current liabilities. This suggests that the company is in a reasonable position to cover its short-term obligations.
It is important to consider other factors and ratios alongside the current ratio to get a more comprehensive view of the company's financial health.
Peer comparison
Aug 31, 2024