Huntington Ingalls Industries Inc (HII)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 416,000 | 609,000 | 903,000 | 858,000 | 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 |
| 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 |
| Quick ratio | 0.42 | 0.19 | 0.26 | 0.29 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($831,000K
+ $—K
+ $416,000K)
÷ $2,991,000K
= 0.42
The quick ratio of Huntington Ingalls Industries Inc shows fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio started at a low level of 0.27 on March 31, 2020, indicating a potential liquidity concern as the company may have had difficulty meeting its short-term obligations with its most liquid assets.
The quick ratio improved gradually over the next few quarters, reaching 0.63 on September 30, 2020, indicating an improvement in the company's ability to cover its current liabilities with its quick assets. However, there was a decrease in the quick ratio by the end of December 31, 2020, falling to 0.49.
Subsequently, there were fluctuations in the quick ratio, with values ranging between 0.41 to 0.52 from March 31, 2021, to December 31, 2021. The quick ratio remained relatively stable around 0.48 in the first half of 2022 before dropping to 0.35 by September 30, 2022.
There was a slight recovery in the quick ratio to 0.44 by December 31, 2022, but it then decreased to 0.29 by March 31, 2023. The quick ratio increased again to 0.44 by June 30, 2023, but then fell to 0.35 by September 30, 2023 and remained at the same level by December 31, 2023.
However, there was a sharp decrease in the quick ratio to 0.29 by March 31, 2024, which indicates a potential liquidity issue. The quick ratio decreased further to 0.19 by September 30, 2024, showing a significant decrease in the company's ability to cover its short-term obligations with its quick assets.
By December 31, 2024, the quick ratio improved to 0.42, but it still remains relatively low compared to historical levels. Overall, the trend in the quick ratio of Huntington Ingalls Industries Inc reflects some volatility and potential fluctuations in the company's liquidity position over the analyzed period.
Peer comparison
Dec 31, 2024