Leidos Holdings Inc (LDOS)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 635,000 | 660,000 | 536,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 1,775,000 | 1,842,000 | 1,894,000 |
| 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 |
| Quick ratio | 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 | 0.95 | 1.11 | 1.05 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($777,000K
+ $—K
+ $2,429,000K)
÷ $2,990,000K
= 1.07
The quick ratio of Leidos Holdings Inc has shown fluctuations over the past few quarters. The quick ratio, which measures the company's ability to cover its short-term liabilities with its most liquid assets, has ranged between 0.52 and 1.11.
In the most recent quarter, the quick ratio stood at 1.07, indicating that the company had $1.07 of liquid assets available to cover each dollar of current liabilities. This suggests a healthy liquidity position.
Looking at the trend over the past several quarters, the quick ratio has generally improved from a low of 0.52 in March 2020 to a peak of 1.11 in June 2019, before fluctuating between 0.70 and 1.07 in the most recent quarters.
Overall, the upward trend in the quick ratio indicates an improvement in Leidos Holdings Inc's ability to meet its short-term obligations using its liquid assets. However, management may want to monitor the ratio closely to ensure that it remains at sufficient levels to address any potential liquidity challenges in the future.
Peer comparison
Dec 31, 2023