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Jabil (JBL) Current Ratio : 1.09 (As of Aug. 2024)


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What is Jabil Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Jabil's current ratio for the quarter that ended in Aug. 2024 was 1.09.

Jabil has a current ratio of 1.09. It generally indicates good short-term financial strength.

The historical rank and industry rank for Jabil's Current Ratio or its related term are showing as below:

JBL' s Current Ratio Range Over the Past 10 Years
Min: 0.96   Med: 1.03   Max: 1.16
Current: 1.09

During the past 13 years, Jabil's highest Current Ratio was 1.16. The lowest was 0.96. And the median was 1.03.

JBL's Current Ratio is ranked worse than
86.72% of 2470 companies
in the Hardware industry
Industry Median: 2.02 vs JBL: 1.09

Jabil Current Ratio Historical Data

The historical data trend for Jabil's Current Ratio 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.

* Premium members only.

Jabil Current Ratio Chart

Jabil Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 1.02 1.02 1.16 1.09

Jabil Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.16 1.12 1.17 1.13 1.09

Competitive Comparison of Jabil's Current Ratio

For the Electronic Components subindustry, Jabil's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Jabil's Current Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jabil's Current Ratio distribution charts can be found below:

* The bar in red indicates where Jabil's Current Ratio falls into.



Jabil Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Jabil's Current Ratio for the fiscal year that ended in Aug. 2024 is calculated as

Current Ratio (A: Aug. 2024 )=Total Current Assets (A: Aug. 2024 )/Total Current Liabilities (A: Aug. 2024 )
=12791/11782
=1.09

Jabil's Current Ratio for the quarter that ended in Aug. 2024 is calculated as

Current Ratio (Q: Aug. 2024 )=Total Current Assets (Q: Aug. 2024 )/Total Current Liabilities (Q: Aug. 2024 )
=12791/11782
=1.09

* 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.


Jabil  (NYSE:JBL) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Jabil Current Ratio Related Terms

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Jabil Business Description

Traded in Other Exchanges
Address
10800 Roosevelt Boulevard North, Saint Petersburg, FL, USA, 33716
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.
Executives
Frederic E. Mccoy officer: SVP, Global Business Units 10800 ROOSEVELT BLVD. N., ST. PETERSBURG FL 33716
Francis Mckay officer: SVP, Chief Procurement Officer 10800 ROOSEVELT BLVD., ST. PETERSBURG FL 33716
Kristine Melachrino officer: SVP, General Counsel 10800 ROOSEVELT BLVD. N., ST. PETERSBURG FL 33716
Christopher S Holland director ARAMARK CORP, 1101 MARKET ST 29TH FLOOR, PHILADELPHIA PA 19107
Steven A Raymund director C/O TECH DATA CORP, 5350 TECH DATA DRIVE, CLEARWATER FL 33760
May Yee Yap officer: SVP, Chief Information Officer 10800 ROOSEVELT BLVD. N., ST PETERSBURG FL 33716
Kenneth S Wilson officer: EVP, CEO, Green Point C/O JABIL INC., 10560 MARTIN LUTHER KING JR. ST. N., ST. PETERSBURG FL 33716
Gerald Creadon officer: SVP, Operations 10800 ROOSEVELT BLVD. N., ST. PETERSBURG FL 33716
Mark T Mondello officer: Chief Operating Officer 10560 DR. MARTIN LUTHER KING JR. ST N, ST PETERSBURG FL 33716-3718
David M Stout director 10560 DR. MARTIN LUTHER KING JR. ST. N., ST. PETERSBURG FL 33716
Roberto Ferri officer: SVP, Global Sales 10800 ROOSEVELT BLVD. N., ST. PETERSBURG FL 33716
Steven D Borges officer: EVP, CEO, Healthcare 10560 DR. MARTIN LUTHER KING JR. ST. N., ST. PETERSBURG FL 33716
Daryn G. Smith officer: SVP, Controller 10560 DR. MARTIN LUTHER KING JR., ST N, ST. PETERSBURG FL 33617
Thomas A Samsone director JABIL CIRCUIT INC, 10560 DR. MARTIN LUTHER KING JR. ST N, ST PETERSBURG FL 33716-3718
Michael Dastoor officer: Controller C/O JABIL CIRCUIT, INC., 10560 DR. MARTIN LUTHER KING, JR. ST. N., ST. PETERSBURG FL 33716-3718