Lockheed Martin Corporation (LMT)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 17,095,000 | 19,803,000 | 18,100,000 | 18,031,000 |
| Total current liabilities | US$ in thousands | 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 | 13,972,000 | 15,515,000 | 15,132,000 | 15,403,000 |
| Current ratio | 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 | 1.22 | 1.28 | 1.20 | 1.17 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $20,521,000K ÷ $16,937,000K
= 1.21
The current ratio of Lockheed Martin Corp. has shown some fluctuation over the past eight quarters. The current ratio measures the company's ability to meet its short-term obligations with its short-term assets.
As of December 31, 2023, the current ratio stood at 1.21, indicating that the company had $1.21 in current assets for every $1 in current liabilities. This represents a slight decline from the previous quarter's ratio of 1.36. However, over the past eight quarters, the current ratio has generally remained within the range of 1.27 to 1.36, suggesting a relatively stable short-term liquidity position.
While a current ratio above 1 indicates that the company is able to cover its short-term liabilities with its current assets, the downward trend in the current ratio may warrant further investigation into the company's management of its current assets and liabilities to ensure ongoing liquidity and financial stability.