Jabil Circuit Inc (JBL)
Quick 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 | 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 | — |
| 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 | -17,200 | -16,951 |
| 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 |
| Quick ratio | 0.24 | 0.12 | 0.43 | 0.12 | 0.09 | 0.09 | 0.40 | 0.09 | 0.09 | 0.10 | 0.44 | 0.12 | 0.09 | 0.11 | 0.15 | 0.08 | 0.08 | 0.07 | 0.14 | 0.09 |
February 29, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,566,000K
+ $26,000K
+ $—K)
÷ $10,691,000K
= 0.24
The quick ratio of Jabil Circuit Inc fluctuated over the past few quarters, ranging from a low of 0.07 to a high of 0.44. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities, while a ratio above 1 suggests sufficient liquidity.
Based on the data provided, Jabil Circuit Inc's quick ratio has been below 1 for most periods, indicating potential liquidity challenges in meeting short-term obligations. This is particularly evident in the recent quarters where the quick ratio was consistently below 0.15. It is important for investors and stakeholders to monitor the company's liquidity position closely, considering its fluctuating quick ratio values.
Peer comparison
Feb 29, 2024