L3Harris Technologies Inc (LHX)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 615,000 | 560,000 | 880,000 | 941,000 | 1,276,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 7,633,000 | 8,004,000 | 5,776,000 | 4,551,000 | 4,240,000 |
| Quick ratio | 0.08 | 0.07 | 0.15 | 0.21 | 0.30 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($615,000K
+ $—K
+ $—K)
÷ $7,633,000K
= 0.08
The quick ratio of L3Harris Technologies Inc has been decreasing over the years, starting at 0.30 as of December 31, 2020, and declining to 0.21 as of December 31, 2021, further decreasing to 0.15 by December 31, 2022. The ratio decreased substantially to 0.07 as of December 31, 2023, suggesting a significant liquidity concern. However, there was a slight improvement to 0.08 by December 31, 2024. This downward trend in the quick ratio indicates that the company may be facing challenges in meeting its short-term obligations with its liquid assets. It is imperative for stakeholders to closely monitor this ratio as a declining quick ratio could indicate potential financial distress or inefficiencies in managing short-term liquidity.
Peer comparison
Dec 31, 2024