Jabil Circuit Inc (JBL)

Debt-to-assets 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
Long-term debt	US$ in thousands	2,880,000	2,879,000	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
Total assets	US$ in thousands	17,351,000	17,449,000	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
Debt-to-assets ratio		0.17	0.16	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

August 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,880,000K ÷ $17,351,000K
= 0.17

The debt-to-assets ratio of Jabil Circuit Inc has shown some fluctuations over the past several quarters. It stood at 0.17 as of August 31, 2024, indicating that 17% of the company's assets were financed through debt. This ratio had previously been at 0.16 in May 2024 and 0.17 in February 2024.

Overall, a lower debt-to-assets ratio suggests that the company relies less on debt to finance its operations and has a stronger financial position. In contrast, a higher ratio may indicate higher financial risk due to increased reliance on debt.

Looking at the historical trend, the ratio was relatively stable around 0.15 in the preceding quarters of 2023, before experiencing a slight increase to 0.17 in August 2023. Subsequently, it decreased to 0.13 by February 2023 and has since fluctuated within the range of 0.13 to 0.18.

It's important for stakeholders to monitor this ratio to assess the company's financial leverage and risk management strategies.