Jabil (MEX:JBL) LT-Debt-to-Total-Asset : 0.18 (As of Feb. 2024)

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What is Jabil LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Jabil's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.18.

Jabil's long-term debt to total assets ratio increased from Feb. 2023 (0.15) to Feb. 2024 (0.18). It may suggest that Jabil is progressively becoming more dependent on debt to grow their business.

Jabil LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jabil's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Jabil Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

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0.16

0.21

0.19

0.15

0.16

Jabil Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.17	0.16	0.16	0.18

Jabil LT-Debt-to-Total-Asset Calculation

Jabil's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	53073.864	/	327896.544
	=	0.16

Jabil's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	53732.7	/	292084.134
	=	0.18

Jabil (MEX:JBL) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Jabil LT-Debt-to-Total-Asset Related Terms

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Jabil (MEX:JBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jabil Inc (MEX:JBL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

JBL:USA JBL:Germany 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.