Leidos Holdings Inc (LDOS)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,005,000 | 3,643,000 | 3,619,000 | 3,339,000 | 2,812,000 |
| Total current liabilities | US$ in thousands | 2,990,000 | 3,947,000 | 3,229,000 | 2,907,000 | 2,333,000 |
| Current ratio | 1.34 | 0.92 | 1.12 | 1.15 | 1.21 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,005,000K ÷ $2,990,000K
= 1.34
The current ratio of Leidos Holdings Inc, a provider of technology and engineering solutions, has varied over the past five years. As of December 31, 2023, the current ratio stood at 1.34, indicating an improvement from the previous year. This suggests that the company had $1.34 in current assets to cover each dollar of current liabilities, signaling a more favorable liquidity position.
In contrast, the current ratio was lower in 2022 at 0.92, which may have raised concerns about the company's ability to meet its short-term obligations. However, there was an uptick in the current ratio in 2021 and 2020, standing at 1.12 and 1.15 respectively, demonstrating improved liquidity positions during those years.
Looking back to 2019, the current ratio was 1.21, showing a slightly stronger liquidity position compared to the most recent year. Overall, fluctuations in the current ratio over the years indicate changes in the company's ability to manage its short-term obligations and liquid assets effectively.
Peer comparison
Dec 31, 2023