Jabil Circuit Inc (JBL)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 9.99 | 7.67 | 6.44 | 7.66 | 6.78 | 7.10 | 7.32 | 8.11 | 8.04 | 7.71 | 7.46 | 7.97 | 7.80 | 7.36 | 6.94 | 7.71 | 7.95 | 8.20 | 7.52 | 7.87 |
August 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $17,351,000K ÷ $1,737,000K
= 9.99
The financial leverage ratio of Jabil Circuit Inc has shown fluctuations over the past several quarters. The ratio peaked at 9.99 in August 2024 and has ranged from 6.44 to 9.99 over the past two years. A higher financial leverage ratio indicates that a company relies more on debt financing, which can magnify returns but also increase risk.
The trend in Jabil Circuit Inc's financial leverage ratio indicates that the company has been maintaining a relatively high level of leverage compared to its equity. This suggests that the company may have significant debt obligations relative to its equity, which could be a cause for concern if not managed properly.
It is important for investors and stakeholders to monitor Jabil Circuit Inc's financial leverage ratio closely to assess the company's financial risk and ability to meet its debt obligations effectively in the long term. Additionally, a thorough analysis of the company's overall financial health and performance should be conducted alongside the financial leverage ratio to gain a comprehensive understanding of its financial position.
Peer comparison
Aug 31, 2024