Huntington Ingalls Industries Inc (HII)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 644,000 | 878,000 | 970,000 | 868,000 | 806,000 | 901,000 | 809,000 | 842,000 | 642,000 | 667,000 | 584,000 | 540,000 | 568,000 | 655,000 | 598,000 | 526,000 | 466,000 | 489,000 | 564,000 | 375,000 |
| 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 |
| Quick ratio | 0.35 | 0.35 | 0.44 | 0.41 | 0.44 | 0.35 | 0.48 | 0.48 | 0.52 | 0.50 | 0.44 | 0.41 | 0.49 | 0.63 | 0.58 | 0.27 | 0.29 | 0.27 | 0.31 | 0.22 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($430,000K
+ $—K
+ $644,000K)
÷ $3,032,000K
= 0.35
The quick ratio of Huntington Ingalls Industries Inc has shown some fluctuations over the past eight quarters. In Q1 2022, the quick ratio was at its highest at 1.15, indicating a strong ability to meet its short-term obligations with its most liquid assets. However, in the subsequent quarters, the quick ratio declined and remained below 1, suggesting a potential strain on the company's liquidity to cover immediate liabilities without relying on inventory.
Despite some variability, the quick ratio generally stayed within a relatively narrow range between 0.89 and 0.96 for most quarters in the provided period. This implies that the company may have faced challenges in maintaining a comfortable cushion of liquid assets compared to its current liabilities, which could raise concerns about its short-term financial health.
It is essential for investors and stakeholders to keep track of the quick ratio over time to assess the company's ability to weather financial uncertainties without experiencing liquidity issues. Further analysis and comparison with industry benchmarks may provide additional insights into Huntington Ingalls Industries Inc's liquidity management and financial stability.
Peer comparison
Dec 31, 2023