Science Applications International Corporation Common Stock (SAIC)
Current ratio
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,131,000 | 1,197,000 | 1,263,000 | 1,289,000 | 1,430,000 |
| Total current liabilities | US$ in thousands | 1,158,000 | 1,126,000 | 1,352,000 | 1,275,000 | 1,128,000 |
| Current ratio | 0.98 | 1.06 | 0.93 | 1.01 | 1.27 |
February 2, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,131,000K ÷ $1,158,000K
= 0.98
The current ratio of Science Applications International Corporation Common Stock has shown some fluctuations over the past five years, ranging from 0.93 to 1.27. The current ratio as of February 2, 2024, stands at 0.98, indicating that the company may have slightly more current liabilities than current assets to meet its short-term obligations.
A current ratio below 1 suggests that the company may potentially face liquidity issues in the short term, as its current assets may not be sufficient to cover its current liabilities. However, it is essential to consider industry benchmarks and compare the company's current ratio with its peers to gain a more comprehensive understanding of its financial health.
The downward trend in the current ratio over the years may raise concerns about the company's ability to manage its short-term financial obligations efficiently. Investors and stakeholders should further analyze the company's financial statements, specifically its current assets and liabilities, to assess the sustainability of its current financial position.
Peer comparison
Feb 2, 2024