Science Applications International Corporation Common Stock (SAIC)
Current ratio
| Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,131,000 | 1,388,000 | 1,384,000 | 1,675,000 | 1,197,000 | 1,247,000 | 1,270,000 | 1,291,000 | 1,263,000 | 1,383,000 | 1,343,000 | 1,440,000 | 1,289,000 | 1,401,000 | 1,413,000 | 1,525,000 | 1,430,000 | 1,424,000 | 1,342,000 | 1,317,000 |
| Total current liabilities | US$ in thousands | 1,158,000 | 1,226,000 | 1,212,000 | 1,553,000 | 1,126,000 | 1,230,000 | 1,190,000 | 1,334,000 | 1,352,000 | 1,395,000 | 1,383,000 | 1,398,000 | 1,275,000 | 1,433,000 | 1,373,000 | 1,452,000 | 1,128,000 | 1,191,000 | 1,148,000 | 1,010,000 |
| Current ratio | 0.98 | 1.13 | 1.14 | 1.08 | 1.06 | 1.01 | 1.07 | 0.97 | 0.93 | 0.99 | 0.97 | 1.03 | 1.01 | 0.98 | 1.03 | 1.05 | 1.27 | 1.20 | 1.17 | 1.30 |
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 fluctuated over the analyzed periods, ranging from a low of 0.93 to a high of 1.30. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations, while a ratio above 1 suggests that it is able to cover its current liabilities with its current assets.
The current ratio was consistently above 1 from January 2020 to November 2023, indicating a good ability to meet short-term liabilities. However, the ratio dropped below 1 in April 2022 and January 2022, reflecting potential liquidity concerns during those periods. The highest current ratio observed was 1.30 in May 2019, indicating robust liquidity position at that time.
Overall, while the company's current ratio has shown some variability, it is essential for stakeholders to continue monitoring this metric to assess the firm's short-term liquidity position and financial health.
Peer comparison
Feb 2, 2024