Jabil Circuit Inc (JBL)

Debt-to-capital ratio

		Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020
Long-term debt	US$ in thousands	2,880,000	2,875,000	2,575,000	2,878,000	2,678,000
Total stockholders’ equity	US$ in thousands	1,737,000	2,866,000	2,451,000	2,136,000	1,811,000
Debt-to-capital ratio		0.62	0.50	0.51	0.57	0.60

August 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,880,000K ÷ ($2,880,000K + $1,737,000K)
= 0.62

The debt-to-capital ratio of Jabil Circuit Inc has fluctuated over the past five years, ranging from 0.50 to 0.62. A higher ratio indicates a higher proportion of debt in the company's capital structure relative to equity.

In 2024, the debt-to-capital ratio increased to 0.62 from 0.50 in 2023, which suggests that the company relied more on debt financing compared to equity. Despite this increase, it is important to note that the ratio is still within a moderate range.

Comparing the current ratio to historical data, it is higher than the ratios in 2022 and 2021 but lower than that of 2020. This indicates that Jabil Circuit Inc has experienced fluctuations in its debt-to-capital structure over the years.

Overall, the debt-to-capital ratio of Jabil Circuit Inc has shown some variability, and it is essential for investors and stakeholders to monitor this metric to assess the company's leverage and financial risk.