Jabil (STU:JBL) Cash And Cash Equivalents : €2,379 Mil (As of Feb. 2024)

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What is Jabil Cash And Cash Equivalents?

Jabil's quarterly cash and cash equivalents declined from Aug. 2023 (€1,654.27 Mil) to Nov. 2023 (€1,432.20 Mil) but then increased from Nov. 2023 (€1,432.20 Mil) to Feb. 2024 (€2,378.68 Mil).

Jabil's annual cash and cash equivalents increased from Aug. 2021 (€1,331.95 Mil) to Aug. 2022 (€1,458.79 Mil) and increased from Aug. 2022 (€1,458.79 Mil) to Aug. 2023 (€1,654.27 Mil).

Jabil Cash And Cash Equivalents Historical Data

The historical data trend for Jabil's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Jabil Cash And Cash Equivalents Chart

Jabil Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash And Cash Equivalents

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1,045.85

1,177.93

1,331.95

1,458.79

1,654.27

Jabil Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,120.80	1,361.60	1,654.27	1,432.20	2,378.68

Jabil Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Jabil (STU:JBL) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Jabil Cash And Cash Equivalents Related Terms

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Jabil (STU:JBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jabil Inc (STU:JBL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

JBL:USA JBL:Mexico JBL:Germany

Address

10800 Roosevelt Boulevard North, Saint Petersburg, FL, USA, 33716

Website

https://www.jabil.com

Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production and product management services to companies in various industries and end markets.The Company derives its revenue from providing comprehensive electronics design, production and product management services. It operates in two segments. The Electronics Manufacturing Services (EMS) segment, which is the key revenue driver, is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics. The Diversified Manufacturing Services (DMS) segment is focused on providing engineering solutions, with an emphasis on material sciences, technologies, and healthcare.