Leidos Holdings Inc (LDOS)
Quick 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 | 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 | — |
| Receivables | US$ in thousands | 2,645,000 | 2,706,000 | 2,713,000 | 2,429,000 | 2,452,000 | 2,478,000 | 2,518,000 | 2,350,000 | 2,284,000 | 2,423,000 | 2,419,000 | 2,189,000 | 2,288,000 | 2,271,000 | 2,160,000 | 2,137,000 | 1,872,000 | 1,789,000 | 1,793,000 | 1,734,000 |
| 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 |
| Quick ratio | 0.98 | 1.07 | 1.08 | 1.07 | 1.05 | 0.98 | 0.92 | 0.73 | 0.75 | 0.71 | 0.78 | 0.90 | 0.86 | 0.84 | 0.87 | 0.92 | 0.70 | 0.69 | 0.52 | 1.03 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($943,000K
+ $—K
+ $2,645,000K)
÷ $3,654,000K
= 0.98
The quick ratio of Leidos Holdings Inc has shown some fluctuation over the observation period. The quick ratio measures the company's ability to meet its short-term financial obligations using its most liquid assets. A quick ratio of 1 or higher is generally considered healthy, as it indicates that the company has enough liquid assets to cover its current liabilities without relying on selling inventory.
From December 31, 2019, to December 31, 2024, the quick ratio ranged from a low of 0.52 in March 31, 2020, to a high of 1.08 in March 31, 2024. The ratio peaked at 1.08 in March 31, 2024, indicating strong liquidity to cover short-term obligations. However, it dropped slightly to 0.98 by December 31, 2024.
Despite some fluctuations, the quick ratio has generally stayed above 1 since March 31, 2023, suggesting that Leidos Holdings Inc has maintained a solid liquidity position to meet its short-term liabilities. Investors and analysts typically view a consistent quick ratio above 1 as a positive indicator of a company's financial health.
Peer comparison
Dec 31, 2024