Jabil Circuit Inc (JBL)

Current 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
Total current assets	US$ in thousands	12,791,000	12,893,000	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
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
Current ratio		1.09	1.13	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

August 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $12,791,000K ÷ $11,782,000K
= 1.09

The current ratio measures a company's ability to meet its short-term obligations with its current assets. For Jabil Circuit Inc, the current ratio has fluctuated over the past few quarters, ranging from 0.94 to 1.17. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a healthy financial position.

Looking at the trend, the current ratio has generally been above 1, indicating that Jabil Circuit Inc has had a strong ability to cover its short-term obligations with its current assets. However, the slight fluctuations in the ratio suggest some variability in the company's liquidity position over time.

Overall, based on the current ratios provided, Jabil Circuit Inc appears to have maintained a satisfactory liquidity position, although it is important to continue monitoring the ratio to ensure the company's ability to meet its short-term obligations remains stable.