L3Harris Technologies Inc (LHX)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 8,218,000 | 8,302,000 | 8,047,000 | 8,116,000 | 7,912,000 | 7,501,000 | 6,850,000 | 7,000,000 | 6,754,000 | 6,431,000 | 6,188,000 | 6,249,000 | 6,359,000 | 6,626,000 | 7,589,000 | 7,538,000 | 6,667,000 | 6,393,000 | 6,926,000 | 7,211,000 |
| Total current liabilities | US$ in thousands | 7,633,000 | 7,973,000 | 8,981,000 | 8,437,000 | 8,004,000 | 8,482,000 | 6,309,000 | 6,151,000 | 5,776,000 | 5,853,000 | 4,884,000 | 4,737,000 | 4,551,000 | 4,313,000 | 4,464,000 | 4,231,000 | 4,240,000 | 4,666,000 | 4,587,000 | 5,123,000 |
| Current ratio | 1.08 | 1.04 | 0.90 | 0.96 | 0.99 | 0.88 | 1.09 | 1.14 | 1.17 | 1.10 | 1.27 | 1.32 | 1.40 | 1.54 | 1.70 | 1.78 | 1.57 | 1.37 | 1.51 | 1.41 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $8,218,000K ÷ $7,633,000K
= 1.08
The current ratio of L3Harris Technologies Inc has fluctuated over the analyzed period, starting at 1.41 on March 31, 2020, and reaching a peak of 1.78 on March 31, 2021. Afterward, the current ratio experienced a downward trend, reaching 0.88 on September 30, 2023, before showing signs of recovery.
A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive sign of liquidity. However, a declining trend in the current ratio could suggest potential issues in managing short-term obligations.
It is important for stakeholders to closely monitor the current ratio of L3Harris Technologies Inc to ensure the company's ability to meet its short-term financial obligations while assessing the efficiency of working capital management.
Peer comparison
Dec 31, 2024