Science Applications International Corporation Common Stock (SAIC)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 94,000 | 311,000 | 352,000 | 422,000 | 109,000 | 53,000 | 99,000 | 56,000 | 106,000 | 148,000 | 133,000 | 261,000 | 171,000 | 182,000 | 197,000 | 276,000 | 188,000 | 162,000 | 179,000 | 151,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 914,000 | 1,010,000 | 958,000 | — | 936,000 | 1,059,000 | 1,036,000 | 1,104,000 | 1,015,000 | 1,107,000 | 1,064,000 | 1,023,000 | 962,000 | 1,052,000 | 1,032,000 | — | 1,099,000 | — | — | — |
| 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 |
| Quick ratio | 0.87 | 1.08 | 1.08 | 0.27 | 0.93 | 0.90 | 0.95 | 0.87 | 0.83 | 0.90 | 0.87 | 0.92 | 0.89 | 0.86 | 0.90 | 0.19 | 1.14 | 0.14 | 0.16 | 0.15 |
February 2, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($94,000K
+ $—K
+ $914,000K)
÷ $1,158,000K
= 0.87
The quick ratio of Science Applications International Corporation Common Stock has shown some variability over the past few quarters. In general, the quick ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates that the company has an adequate level of liquid assets to cover its short-term liabilities.
Analyzing the quick ratio data provided, we can see some fluctuations in the company's ability to cover its short-term obligations. For example, the quick ratio was relatively high at 1.08 in Nov 3, 2023, Aug 4, 2023, and Jan 31, 2020, indicating a strong ability to meet short-term obligations with liquid assets. However, in May 1, 2020, the quick ratio dropped significantly to 0.19, suggesting potential liquidity concerns.
The quick ratio hit its lowest point at 0.14 on Nov 1, 2019, which could raise red flags about the company's ability to pay off its short-term obligations promptly. On the other hand, the quick ratio was particularly high at 1.14 on Jan 31, 2020, indicating a strong liquidity position during that period.
Overall, fluctuations in the quick ratio of Science Applications International Corporation Common Stock suggest varying levels of liquidity risk over the periods analyzed. It is important for investors and stakeholders to closely monitor the company's liquidity position and trend in the quick ratio to assess its short-term financial health and ability to meet obligations.
Peer comparison
Feb 2, 2024