Huntington Ingalls Industries Inc (HII)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 430,000 | 109,000 | 313,000 | 318,000 | 467,000 | 117,000 | 375,000 | 330,000 | 627,000 | 555,000 | 348,000 | 407,000 | 512,000 | 744,000 | 631,000 | 28,000 | 75,000 | 32,000 | 29,000 | 51,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,032,000 | 2,817,000 | 2,927,000 | 2,867,000 | 2,895,000 | 2,892,000 | 2,447,000 | 2,421,000 | 2,427,000 | 2,444,000 | 2,123,000 | 2,290,000 | 2,226,000 | 2,233,000 | 2,114,000 | 2,080,000 | 1,890,000 | 1,950,000 | 1,902,000 | 1,960,000 |
| Cash ratio | 0.14 | 0.04 | 0.11 | 0.11 | 0.16 | 0.04 | 0.15 | 0.14 | 0.26 | 0.23 | 0.16 | 0.18 | 0.23 | 0.33 | 0.30 | 0.01 | 0.04 | 0.02 | 0.02 | 0.03 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($430,000K
+ $—K)
÷ $3,032,000K
= 0.14
The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover these obligations.
For Huntington Ingalls Industries Inc, its cash ratio fluctuated over the past eight quarters, ranging from 0.61 to 0.82. The lowest cash ratio was observed in Q3 2023 at 0.61, while the highest was in Q2 2022 at 0.82.
The trend indicates some variability in the company's ability to cover its short-term liabilities with cash. However, the company generally maintained a cash ratio above 0.60 during the period, which suggests a reasonable level of liquidity to meet short-term obligations.
Overall, Huntington Ingalls Industries Inc's cash ratio performance appears stable with fluctuations within a moderate range, providing some assurance regarding its liquidity position over the analyzed period.
Peer comparison
Dec 31, 2023