Jabil Circuit Inc (JBL)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	2,658,000	2,535,000	2,866,000	2,736,000	2,673,000	2,529,000	2,451,000	2,356,000	2,337,000	2,206,000	2,136,000	2,138,010	2,089,160	1,979,370	1,811,000	1,632,300	1,746,830	1,835,690	1,887,440	1,854,970
Debt-to-capital ratio		0.52	0.53	0.50	0.51	0.49	0.50	0.51	0.55	0.50	0.52	0.57	0.57	0.56	0.58	0.60	0.56	0.54	0.54	0.53	0.57

February 29, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,878,000K ÷ ($2,878,000K + $2,658,000K)
= 0.52

The debt-to-capital ratio of Jabil Circuit Inc has been relatively stable over the past few quarters, ranging between 0.49 to 0.60. This ratio indicates the proportion of the company's capital structure that is funded by debt.

With a ratio fluctuating around 0.50 to 0.55, it suggests that Jabil Circuit Inc relies moderately on debt financing to support its operations and investments. A ratio below 0.50 would indicate lower reliance on debt, while a ratio above 0.60 would suggest a higher debt burden.

Overall, the consistency of the debt-to-capital ratio within a narrow range reflects a balanced approach to capital structure management by Jabil Circuit Inc. This stability may indicate a prudent debt management strategy to maintain financial health and mitigate excessive financial risk.