Lockheed Martin Corporation (LMT)
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 | 21,849,000 | 23,211,000 | 22,967,000 | 22,958,000 | 20,521,000 | 23,322,000 | 24,087,000 | 22,144,000 | 20,991,000 | 20,960,000 | 20,973,000 | 20,390,000 | 19,815,000 | 21,357,000 | 20,674,000 | 20,252,000 | 19,378,000 | 20,290,000 | 19,570,000 | 19,222,000 |
| 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 |
| Current ratio | 1.13 | 1.30 | 1.24 | 1.30 | 1.21 | 1.36 | 1.36 | 1.30 | 1.32 | 1.28 | 1.27 | 1.27 | 1.42 | 1.42 | 1.36 | 1.38 | 1.39 | 1.33 | 1.31 | 1.23 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $21,849,000K ÷ $19,420,000K
= 1.13
Lockheed Martin Corporation's current ratio has fluctuated over the past few years, indicating the company's ability to meet its short-term obligations using its current assets. The current ratio has generally been above 1, which suggests that Lockheed Martin has had sufficient current assets to cover its current liabilities.
The ratio peaked at 1.42 as of both September 30, 2021, and December 31, 2021, indicating a strong liquidity position during those periods. However, there was a slight decline in the current ratio in subsequent quarters.
As of December 31, 2024, the current ratio decreased to 1.13, the lowest level in the provided data. This may raise concerns about the company's ability to meet its short-term obligations using its current assets. It would be important to further analyze the components of current assets and liabilities to understand the reasons behind this decline.
Overall, while the current ratio for Lockheed Martin Corporation has shown some fluctuations over the years, it has generally remained above 1, signaling a reasonable ability to cover short-term obligations with current assets.