Jabil Circuit Inc (JBL)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	1,737,000	2,276,000	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
Debt-to-equity ratio		1.66	1.26	1.08	1.13	1.00	1.05	0.96	1.02	1.05	1.22	1.02	1.08	1.35	1.35	1.28	1.35	1.48	1.28	1.19	1.15

August 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,880,000K ÷ $1,737,000K
= 1.66

The debt-to-equity ratio of Jabil Circuit Inc has varied over the past few years, indicating fluctuations in the company's capital structure. The ratio has generally been above 1, suggesting that Jabil Circuit has relied more on debt financing compared to equity.

The ratio peaked at 1.66 in August 2024, indicating the highest level of leverage during this period. This could imply a higher level of financial risk as the company may have a significant amount of debt relative to its equity.

On the other hand, the lowest ratio of 0.96 in February 2023 suggests a more conservative capital structure with a greater reliance on equity financing.

Overall, the trend in the debt-to-equity ratio indicates that Jabil Circuit has experienced fluctuations in its leverage levels, which could have implications for the company's financial stability and risk profile. It would be important to further analyze the reasons behind these fluctuations to assess the company's financial health accurately.