L3Harris Technologies Inc (LHX)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 615,000 | 539,000 | 547,000 | 477,000 | 560,000 | 499,000 | 366,000 | 545,000 | 880,000 | 529,000 | 420,000 | 402,000 | 941,000 | 1,126,000 | 2,029,000 | 976,000 | 1,276,000 | 1,341,000 | 1,947,000 | 663,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.08 | 0.07 | 0.06 | 0.06 | 0.07 | 0.06 | 0.06 | 0.09 | 0.15 | 0.09 | 0.09 | 0.08 | 0.21 | 0.26 | 0.45 | 0.23 | 0.30 | 0.29 | 0.42 | 0.13 |
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 shown fluctuating trends over the past few years. Starting at a low of 0.13 as of March 31, 2020, the ratio improved to 0.45 by June 30, 2021 before decreasing to 0.06 by June 30, 2023. This indicates that the company's ability to quickly cover its short-term liabilities with its most liquid assets varied significantly during this period. Although the quick ratio increased slightly to 0.08 by March 31, 2024, it remained relatively low compared to the industry benchmark, suggesting potential liquidity challenges for the company in meeting its immediate financial obligations. Overall, the company's quick ratio reflects a volatile liquidity position that may require further monitoring and management attention to ensure financial stability in the short term.
Peer comparison
Dec 31, 2024