Huntington Ingalls Industries Inc (HII)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,228,000 | 2,629,000 | 2,912,000 | 2,833,000 | 2,880,000 | 2,587,000 | 2,817,000 | 2,752,000 | 2,746,000 | 2,817,000 | 2,820,000 | 2,786,000 | 2,790,000 | 2,794,000 | 2,317,000 | 2,443,000 | 2,444,000 | 2,881,000 | 2,739,000 | 2,137,000 |
| 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 |
| Current ratio | 1.08 | 0.79 | 0.82 | 0.96 | 0.95 | 0.92 | 0.96 | 0.96 | 0.95 | 0.97 | 1.15 | 1.15 | 1.15 | 1.14 | 1.09 | 1.07 | 1.10 | 1.29 | 1.30 | 1.03 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,228,000K ÷ $2,991,000K
= 1.08
The current ratio of Huntington Ingalls Industries Inc has shown some fluctuations over the past five years. Starting from March 31, 2020, the current ratio stood at 1.03 and gradually increased to a peak of 1.30 on June 30, 2020. However, the ratio slightly decreased to 1.29 on September 30, 2020, then declined more notably to 1.10 by December 31, 2020.
The trend continued with a decrease to 1.07 on March 31, 2021 and a slight recovery to 1.09 by June 30, 2021. Subsequently, there was an improvement to 1.14 on September 30, 2021, and a further increase to 1.15 on both December 31, 2021, and March 31, 2022.
From June 30, 2022, however, there was a noticeable decline in the current ratio, falling to 0.97 on September 30, 2022, and remaining relatively stable around this level for the next three quarters. The ratio decreased to 0.82 on June 30, 2024, and further dropped to 0.79 on September 30, 2024.
Finally, there was an improvement in the current ratio to 1.08 on December 31, 2024. Overall, the declining trend in the current ratio after the peak in mid-2021 signifies potential liquidity challenges or changes in the company's current assets and liabilities management that may require further investigation.
Peer comparison
Dec 31, 2024