Leidos Holdings Inc (LDOS)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 943,000 | 777,000 | 516,000 | 727,000 | 524,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,654,000 | 2,990,000 | 3,947,000 | 3,229,000 | 2,907,000 |
| Cash ratio | 0.26 | 0.26 | 0.13 | 0.23 | 0.18 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($943,000K
+ $—K)
÷ $3,654,000K
= 0.26
The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. For Leidos Holdings Inc, the cash ratio has fluctuated over the years as follows:
- In December 31, 2020, the cash ratio was 0.18, indicating that the company had $0.18 in cash and cash equivalents for every $1 of current liabilities.
- By December 31, 2021, the cash ratio improved to 0.23, suggesting an increase in the company's liquidity position.
- However, by December 31, 2022, the cash ratio decreased to 0.13, which may raise concerns about the company's ability to meet its short-term obligations.
- The trend reversed in the following years, with the cash ratio reaching 0.26 by December 31, 2023, and remaining stable at 0.26 by December 31, 2024.
Overall, the cash ratio analysis reflects fluctuations in Leidos Holdings Inc's liquidity position over the years. It is important for investors and stakeholders to monitor these changes to assess the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024