Leidos Holdings Inc (LDOS)
Cash ratio
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 943,000 | 1,185,000 | 633,000 | 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 |
| Short-term investments | US$ in thousands | — | 141,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2,000 | 4,000 | — |
| Total current liabilities | US$ in thousands | 3,654,000 | 3,782,000 | 3,084,000 | 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 |
| Cash ratio | 0.26 | 0.35 | 0.21 | 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 |
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 of Leidos Holdings Inc has shown fluctuations over the years, ranging from as low as 0.09 to as high as 0.35. The cash ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents. A higher ratio indicates a stronger ability to meet its short-term liabilities using its available cash resources.
From the data provided, we observe that the cash ratio reached its lowest point in March 2022 at 0.09, indicating a lower level of available cash compared to short-term obligations at that point in time. The ratio improved over subsequent periods before peaking at 0.35 in September 2024, suggesting a significant increase in available cash relative to short-term liabilities.
Although there have been fluctuations in the cash ratio, it is important to monitor the trend over time to assess the company's liquidity position and ability to meet its short-term obligations. Overall, maintaining a healthy cash ratio is vital for financial stability and flexibility in managing operational needs and unforeseen expenses.
Peer comparison
Dec 31, 2024