Jabil Circuit Inc (JBL)

Debt-to-assets 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
Long-term debt	US$ in thousands	2,878,000	2,876,000	2,875,000	2,874,000	2,577,000	2,576,000	2,575,000	2,874,000	2,380,000	2,379,000	2,878,000	2,876,600	2,679,820	2,679,000	2,678,000	2,087,590	2,086,360	2,115,720	2,121,280	2,476,840
Total assets	US$ in thousands	17,123,000	19,414,000	19,424,000	19,436,000	19,567,000	20,506,000	19,717,000	18,171,000	17,430,000	17,588,000	16,654,000	15,740,700	14,494,200	15,269,500	14,397,000	13,390,900	13,139,700	14,445,000	12,970,500	12,608,800
Debt-to-assets ratio		0.17	0.15	0.15	0.15	0.13	0.13	0.13	0.16	0.14	0.14	0.17	0.18	0.18	0.18	0.19	0.16	0.16	0.15	0.16	0.20

February 29, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,878,000K ÷ $17,123,000K
= 0.17

The debt-to-assets ratio of Jabil Circuit Inc has shown some fluctuations over the past few periods, ranging from 0.13 to 0.20. A higher debt-to-assets ratio indicates a higher proportion of debt relative to assets, which can be considered as a higher financial risk.

In the most recent period, as of February 29, 2024, the debt-to-assets ratio was 0.17, which indicates that approximately 17% of the company's assets were financed through debt. This ratio was slightly higher compared to the previous period but still within a reasonable range.

It is worth noting that while the ratio has shown some variability, it has generally been maintained at manageable levels, with the company not relying excessively on debt financing. Nonetheless, investors and stakeholders may closely monitor any further changes in the debt-to-assets ratio to assess the company's financial leverage and risk profile.