Leidos Holdings Inc (LDOS)
Cash 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 and cash equivalents | US$ in thousands | 777,000 | 750,000 | 329,000 | 379,000 | 516,000 | 807,000 | 339,000 | 297,000 | 727,000 | 587,000 | 338,000 | 377,000 | 524,000 | 512,000 | 588,000 | 445,000 | 668,000 | 635,000 | 660,000 | 536,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,990,000 | 3,040,000 | 2,855,000 | 3,161,000 | 3,947,000 | 4,141,000 | 3,906,000 | 3,494,000 | 3,229,000 | 3,347,000 | 3,108,000 | 2,920,000 | 2,907,000 | 3,398,000 | 3,429,000 | 4,290,000 | 2,333,000 | 2,527,000 | 2,246,000 | 2,322,000 |
| Cash ratio | 0.26 | 0.25 | 0.12 | 0.12 | 0.13 | 0.19 | 0.09 | 0.09 | 0.23 | 0.18 | 0.11 | 0.13 | 0.18 | 0.15 | 0.17 | 0.10 | 0.29 | 0.25 | 0.29 | 0.23 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($777,000K
+ $—K)
÷ $2,990,000K
= 0.26
The cash ratio for Leidos Holdings Inc has fluctuated over the past five years, ranging from a low of 0.09 to a high of 0.29. The cash ratio represents the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations, while a lower ratio may suggest potential liquidity challenges.
Looking at the trend, the cash ratio has shown some variability, with noticeable increases and decreases in different quarters. For example, the ratio increased from 0.09 in Jun 30, 2022, to 0.29 in Dec 31, 2019, indicating a significant improvement in liquidity during this period. Conversely, there were also instances where the ratio decreased, such as the drop from 0.25 in Sep 30, 2023, to 0.12 in Jun 30, 2023.
Overall, while the cash ratio provides insights into the company's short-term liquidity position, it is crucial to consider other financial ratios and factors to gain a comprehensive understanding of Leidos Holdings Inc's financial health and performance.
Peer comparison
Dec 31, 2023