Jabil Circuit Inc (JBL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,470,000 | 14,654,000 | 14,730,000 | 13,609,000 | 13,781,000 | 14,678,000 | 13,908,000 | 12,472,000 | 11,867,000 | 11,812,000 | 10,877,000 | 10,259,500 | 9,143,650 | 9,847,190 | 9,135,000 | 8,266,290 | 7,977,840 | 9,252,230 | 8,345,080 | 7,974,370 |
| 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 |
| Current ratio | 1.17 | 1.12 | 1.16 | 1.06 | 1.04 | 1.02 | 1.02 | 1.04 | 1.01 | 0.99 | 1.02 | 1.04 | 1.03 | 1.02 | 1.01 | 0.94 | 0.95 | 0.97 | 0.98 | 1.01 |
February 29, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $12,470,000K ÷ $10,691,000K
= 1.17
The current ratio of Jabil Circuit Inc has fluctuated over the past 20 quarters, ranging from a low of 0.94 to a high of 1.17. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position, as the company has more current assets to cover its current liabilities.
Looking at the trend, the current ratio has generally been above 1, which suggests that Jabil Circuit Inc has been able to meet its short-term obligations using its current assets. Although there have been slight fluctuations, the current ratio has mostly been stable around the 1.00 to 1.20 range, indicating a consistent liquidity position for the company.
It is important for investors and analysts to monitor the current ratio over time to assess the company's liquidity risk and financial health. Generally, a current ratio of 1 or higher is considered healthy, but a very high ratio may indicate that the company is not efficiently utilizing its current assets.
Peer comparison
Feb 29, 2024