Leidos Holdings Inc (LDOS)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,005,000 | 3,991,000 | 3,576,000 | 3,665,000 | 3,643,000 | 3,841,000 | 3,526,000 | 3,487,000 | 3,619,000 | 3,569,000 | 3,263,000 | 3,257,000 | 3,339,000 | 3,199,000 | 3,052,000 | 2,868,000 | 2,812,000 | 2,924,000 | 2,914,000 | 2,860,000 |
| 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 |
| Current ratio | 1.34 | 1.31 | 1.25 | 1.16 | 0.92 | 0.93 | 0.90 | 1.00 | 1.12 | 1.07 | 1.05 | 1.12 | 1.15 | 0.94 | 0.89 | 0.67 | 1.21 | 1.16 | 1.30 | 1.23 |
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 has exhibited fluctuations over the past several quarters. As of December 31, 2023, the current ratio stood at 1.34, indicating the company's ability to cover its short-term liabilities with its current assets. It has shown a general increasing trend since March 31, 2020, where the ratio was 0.67, signaling an improvement in the company's liquidity position.
The current ratio was at its lowest point on December 31, 2019, at 1.21, followed by a significant drop in the next quarter. Since then, there have been fluctuations but with an overall upward trend aside from a few dips. This indicates that the company has been managing its current assets and liabilities more effectively in recent quarters.
It is worth noting that a current ratio above 1 indicates that the company has more current assets than current liabilities, implying a healthy liquidity position. However, it is essential to consider industry benchmarks and compare the current ratio with competitors to gain a more comprehensive understanding of Leidos Holdings Inc's liquidity position.
Overall, the current ratio trend of Leidos Holdings Inc suggests an improvement in short-term liquidity management, although continued monitoring and analysis are recommended to ensure sustained financial health.
Peer comparison
Dec 31, 2023