Leidos Holdings Inc (LDOS)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.97 | 2.89 | 3.01 | 3.02 | 3.08 | 2.83 | 2.98 | 3.04 | 3.21 | 3.22 | 3.29 | 3.09 | 3.23 | 3.18 | 3.21 | 3.24 | 3.31 | 3.43 | 3.28 | 2.74 |
Leidos Holdings Inc has consistently maintained a strong solvency position as evidenced by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios, which have all been consistently at 0.00 across the reviewed periods. This indicates that the company has a relatively low level of debt compared to its total assets, capital, and equity.
Furthermore, the financial leverage ratio of Leidos Holdings has shown a decreasing trend from 2.74 in December 2019 to 2.97 in December 2024. This suggests that the company's reliance on debt financing has been decreasing over time, indicating a lower financial risk associated with the firm's capital structure. Overall, the solvency ratios indicate that Leidos Holdings Inc is effectively managing its debt levels and maintaining a healthy financial position.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 8.97 | 4.85 | 3.72 | 2.93 | 2.45 | 5.41 | 5.28 | 5.47 | 5.63 | 5.85 | 5.96 | 6.26 | 6.42 | 6.27 | 6.33 | 5.58 | 5.75 | 6.30 | 6.38 | 6.86 |
Leidos Holdings Inc's interest coverage ratio has exhibited some fluctuations over the past financial periods. The interest coverage ratio measures the company's ability to meet its interest obligations from its operating income.
From December 31, 2019, to June 30, 2021, the interest coverage ratio remained relatively stable, ranging from 6.86 to 6.27, indicating that the company had sufficient operating income to cover its interest expenses comfortably during this period.
However, there was a slight decrease in the interest coverage ratio from September 30, 2021, to December 31, 2022, where it decreased from 6.42 to 5.47. This could indicate a potential strain on the company's ability to cover its interest payments from its operating income during these quarters.
A more significant drop occurred from March 31, 2023, to December 31, 2023, where the interest coverage ratio declined sharply from 5.28 to 2.93. This significant decrease could raise concerns about the company's ability to meet its interest obligations from its earnings during this period.
There was a subsequent increase in the interest coverage ratio from March 31, 2024, to December 31, 2024, where it rose from 3.72 to 8.97. This improvement indicates that the company's operating income was more than sufficient to cover its interest expenses during this period.
Overall, although there were fluctuations in Leidos Holdings Inc's interest coverage ratio over the analyzed period, it is essential to monitor this ratio closely to ensure the company can meet its interest obligations effectively in the future.