Huntington Ingalls Industries Inc (HII)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 831,000 | 430,000 | 467,000 | 627,000 | 512,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,991,000 | 3,032,000 | 2,895,000 | 2,427,000 | 2,226,000 |
| Cash ratio | 0.28 | 0.14 | 0.16 | 0.26 | 0.23 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($831,000K
+ $—K)
÷ $2,991,000K
= 0.28
The cash ratio of Huntington Ingalls Industries Inc has shown fluctuations over the past five years. As of December 31, 2020, the cash ratio stood at 0.23, indicating that the company had $0.23 of cash and cash equivalents for every $1 of current liabilities.
There was a slight improvement in the cash ratio to 0.26 by the end of December 31, 2021, suggesting that the company's liquidity position improved slightly during that period. However, the cash ratio decreased significantly to 0.16 by December 31, 2022, indicating a potential liquidity challenge for the company during that year.
The situation worsened further by December 31, 2023, as the cash ratio declined to 0.14, signaling a further strain on the company's liquidity position. However, by the end of December 31, 2024, there was a notable improvement in the cash ratio to 0.28, suggesting a rebound in the company's liquidity position.
Overall, the cash ratio of Huntington Ingalls Industries Inc has displayed volatility over the past five years, with fluctuations that may have implications for the company's ability to meet its short-term obligations using its current cash and cash equivalents.
Peer comparison
Dec 31, 2024