Science Applications International Corporation Common Stock (SAIC)
Cash ratio
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 94,000 | 109,000 | 106,000 | 171,000 | 188,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,158,000 | 1,126,000 | 1,352,000 | 1,275,000 | 1,128,000 |
| Cash ratio | 0.08 | 0.10 | 0.08 | 0.13 | 0.17 |
February 2, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($94,000K
+ $—K)
÷ $1,158,000K
= 0.08
The cash ratio of Science Applications International Corporation Common Stock has exhibited a declining trend over the past five years, decreasing from 0.17 in 2020 to 0.08 in 2024. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A lower cash ratio indicates that the company may have a lower level of cash reserves relative to its short-term obligations.
In comparison to the previous years, the cash ratio of 0.08 in 2024 is at the lowest level, indicating a potential liquidity challenge for the company. This trend may raise concerns about the company's ability to meet its short-term financial obligations solely from its available cash resources.
It is important for stakeholders to closely monitor this trend and assess the company's cash management strategies and overall liquidity position to ensure that Science Applications International Corporation remains financially stable in the future.
Peer comparison
Feb 2, 2024