Kratos Defense & Security Solutions (KTOS)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 872,100 | 594,200 | 582,600 | 758,100 | 764,800 |
| Total current liabilities | US$ in thousands | 296,700 | 292,500 | 234,200 | 221,100 | 197,600 |
| Current ratio | 2.94 | 2.03 | 2.49 | 3.43 | 3.87 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $872,100K ÷ $296,700K
= 2.94
The current ratio of Kratos Defense & Security Solutions has exhibited a declining trend over the analyzed period from December 31, 2020, to December 31, 2024. As of December 31, 2020, the company's current ratio stood at 3.87, indicating a strong liquidity position with ample short-term assets relative to its current liabilities. By December 31, 2021, this ratio decreased slightly to 3.43, suggesting a modest reduction in liquidity but remaining comfortably above the critical threshold of 1.0. The downward trajectory continued into 2022, with the ratio declining further to 2.49, reflecting a continued weakening in liquidity. The decline persisted into 2023, with the ratio reaching 2.03, approaching a less conservative liquidity stance but still maintaining a buffer above one. Notably, in 2024, the current ratio experienced a slight upward movement to 2.94, indicating a partial improvement in liquidity, although it remained lower than the levels observed at the start of the period. Overall, the data indicates a gradual decrease in Kratos' short-term liquidity position over the examined timeframe, which warrants ongoing monitoring to assess potential implications for the company's operational flexibility and short-term financial health.
Peer comparison
Dec 31, 2024