Lockheed Martin Corporation (LMT)
Cash 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 and cash equivalents | US$ in thousands | 2,483,000 | 3,151,000 | 2,523,000 | 2,790,000 | 1,442,000 | 3,551,000 | 3,673,000 | 2,440,000 | 2,547,000 | 2,430,000 | 1,775,000 | 1,883,000 | 3,604,000 | 2,727,000 | 2,745,000 | 2,933,000 | 3,160,000 | 3,585,000 | 2,855,000 | 1,988,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2,480,000 | — | — |
| Total current liabilities | US$ in thousands | 19,420,000 | 17,810,000 | 18,493,000 | 17,699,000 | 16,937,000 | 17,193,000 | 17,704,000 | 16,982,000 | 15,887,000 | 16,347,000 | 16,479,000 | 16,047,000 | 13,997,000 | 15,026,000 | 15,242,000 | 14,717,000 | 13,933,000 | 15,201,000 | 14,888,000 | 15,652,000 |
| Cash ratio | 0.13 | 0.18 | 0.14 | 0.16 | 0.09 | 0.21 | 0.21 | 0.14 | 0.16 | 0.15 | 0.11 | 0.12 | 0.26 | 0.18 | 0.18 | 0.20 | 0.23 | 0.40 | 0.19 | 0.13 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,483,000K
+ $—K)
÷ $19,420,000K
= 0.13
The cash ratio of Lockheed Martin Corporation has shown fluctuations over the past few years. The ratio, which measures a company's ability to cover its short-term liabilities with its cash and cash equivalents, was at 0.13 as of March 31, 2020, indicating that the company had $0.13 in cash for every $1 of current liabilities.
The ratio increased to 0.40 by September 30, 2020, suggesting an improvement in the company's liquidity position. However, it decreased to 0.18 by June 30, 2021, and remained relatively stable around this level until December 31, 2022.
There was a slight decrease in the cash ratio to 0.09 by December 31, 2023, reflecting a lower level of cash reserves compared to short-term obligations. The ratio then improved to 0.18 by September 30, 2024, indicating a better liquidity position at the end of the year.
Overall, the trend in Lockheed Martin Corporation's cash ratio demonstrates some fluctuations in the company's ability to cover its short-term liabilities with available cash and cash equivalents. It is important for investors and stakeholders to monitor this ratio to assess the company's liquidity position and financial health.