Jabil Circuit Inc (JBL)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | 3,647,000 | — | — | — | 3,995,000 | — | — | — | 3,141,000 | -26,939 | -26,916 | -24,479 | -25,800 | -32,239 | -30,191 | -30,343 |
| 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 |
| Quick ratio | 0.19 | 0.22 | 0.24 | 0.12 | 0.43 | 0.12 | 0.09 | 0.09 | 0.40 | 0.09 | 0.09 | 0.10 | 0.44 | 0.13 | 0.09 | 0.11 | 0.15 | 0.09 | 0.08 | 0.07 |
August 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,201,000K
+ $27,000K
+ $—K)
÷ $11,782,000K
= 0.19
The quick ratio of Jabil Circuit Inc has shown significant variation over the past few reporting periods. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets.
Based on the data provided, the quick ratio ranged from as low as 0.07 to as high as 0.44. A quick ratio below 1.0 indicates that the company may have difficulty meeting its short-term obligations, as its liquid assets may not be sufficient to cover its current liabilities.
Throughout the periods, there were instances where the quick ratio was notably low, such as in Nov 30, 2023, and May 31, 2023, both at 0.12, and Nov 30, 2022, at 0.09. This indicates potential liquidity challenges for the company during those periods.
However, there were also periods where the quick ratio improved, such as in Feb 28, 2023, at 0.24, Aug 31, 2023, at 0.43, and Nov 30, 2021, at 0.44. These higher quick ratios suggest that the company had a stronger ability to cover its short-term obligations with its liquid assets during those periods.
Overall, it is important for stakeholders to closely monitor the quick ratio of Jabil Circuit Inc to assess its liquidity position and ability to meet its short-term financial obligations. The company's management may need to implement appropriate measures to ensure a healthy quick ratio in the future.
Peer comparison
Aug 31, 2024