Huntington Ingalls Industries Inc (HII)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 831,000 | 10,000 | 11,000 | 10,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,991,000 | 3,336,000 | 3,563,000 | 2,948,000 | 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 |
| Cash ratio | 0.28 | 0.00 | 0.00 | 0.00 | 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 |
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 fluctuated over the period from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
The company's cash ratio started at a very low level of 0.01 on March 31, 2020, suggesting a minimal cash reserve compared to its current liabilities. However, over the subsequent quarters, the cash ratio improved significantly, reaching a peak of 0.33 on September 30, 2020, indicating a substantial increase in its cash reserves relative to short-term liabilities.
Subsequently, the cash ratio fluctuated between 0.16 and 0.26 from March 31, 2021, to December 31, 2021, showing some variability in the company's ability to cover short-term obligations with cash on hand during this period.
From March 31, 2022, to December 31, 2024, the cash ratio exhibited further fluctuations, dropping to as low as 0.00 on multiple occasions. A cash ratio of 0.00 indicates that the company had no cash and cash equivalents to cover its short-term liabilities during those periods.
Overall, the trend in the cash ratio of Huntington Ingalls Industries Inc shows varying levels of liquidity over the analyzed period, with some quarters demonstrating a strong ability to meet short-term obligations with cash on hand, while others showing a limited cash reserve relative to short-term liabilities. Investors and analysts should monitor the company's cash position closely to assess its short-term liquidity and financial health.
Peer comparison
Dec 31, 2024