Leidos Holdings Inc (LDOS)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,428,000 | 4,005,000 | 3,643,000 | 3,619,000 | 3,339,000 |
| Total current liabilities | US$ in thousands | 3,654,000 | 2,990,000 | 3,947,000 | 3,229,000 | 2,907,000 |
| Current ratio | 1.21 | 1.34 | 0.92 | 1.12 | 1.15 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,428,000K ÷ $3,654,000K
= 1.21
As of December 31, 2020, Leidos Holdings Inc's current ratio was 1.15, indicating that the company had $1.15 in current assets to cover every $1 in current liabilities. Over the following years, the current ratio experienced fluctuations: it decreased to 1.12 by December 31, 2021, dropped further to 0.92 by December 31, 2022, then increased significantly to 1.34 by December 31, 2023, and slightly decreased to 1.21 by December 31, 2024.
A current ratio below 1 suggests that a company may have difficulty meeting its short-term obligations with its current assets, which could raise concerns about liquidity. However, the subsequent improvement in the ratio indicates that Leidos Holdings Inc managed to strengthen its liquidity position over time, particularly by December 31, 2023. It is essential for investors and stakeholders to continue monitoring the company's current ratio to assess its ability to manage short-term financial obligations effectively.
Peer comparison
Dec 31, 2024