Lockheed Martin Corporation (LMT)
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 | 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 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,483,000K
+ $—K
+ $—K)
÷ $19,420,000K
= 0.13
The quick ratio of Lockheed Martin Corporation has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. The quick ratio indicates the company's ability to meet its short-term obligations using its most liquid assets.
The ratio was relatively low at the beginning of the period, standing at 0.13 on March 31, 2020, and improved to a peak of 0.40 on September 30, 2020. Thereafter, the ratio experienced some fluctuations but generally stayed below 0.25 until March 31, 2022.
From March 31, 2022, to March 31, 2024, the quick ratio ranged between 0.11 and 0.21, showing limited variation. During this period, the ratio dropped to its lowest point of 0.09 on December 31, 2023, and peaked at 0.21 on both June 30, 2023, and September 30, 2023.
The quick ratio provides insights into Lockheed Martin's short-term liquidity and ability to cover immediate liabilities. A ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current quick assets. It is essential for investors and stakeholders to monitor the company's quick ratio as part of a comprehensive analysis of its financial health.