Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

General Dynamics Corp. (NYSE:GD)

Analysis of Liquidity Ratios

Beginner level

Liquidity ratios measure the company’s ability to meet its short-term obligations.

Liquidity Ratios (Summary)

General Dynamics Corp., liquidity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Current ratio 1.18 1.23 1.40 1.20 1.17
Quick ratio 0.73 0.77 0.90 0.87 0.85
Cash ratio 0.05 0.07 0.23 0.18 0.22

Based on: 10-K (filing date: 2020-02-10), 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-12), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-08).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. General Dynamics Corp.’s current ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. General Dynamics Corp.’s quick ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. General Dynamics Corp.’s cash ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Current Ratio

General Dynamics Corp., current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Current assets 19,780  18,189  18,328  15,447  14,571 
Current liabilities 16,801  14,739  13,099  12,846  12,445 
Liquidity Ratio
Current ratio1 1.18 1.23 1.40 1.20 1.17
Benchmarks
Current Ratio, Competitors2
Boeing Co. 1.05 1.08 1.16 1.25 1.35
Lockheed Martin Corp. 1.22 1.12 1.38 1.20 1.15
Northrop Grumman Corp. 1.13 1.17 2.35 1.22 1.16
Raytheon Technologies Corp. 1.08 1.13 1.35 1.30 1.18
Current Ratio, Sector
Aerospace & Defense 1.09 1.11 1.32 1.25 1.26
Current Ratio, Industry
Industrials 1.27 1.29 1.44 1.44 1.37

Based on: 10-K (filing date: 2020-02-10), 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-12), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-08).

1 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 19,780 ÷ 16,801 = 1.18

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. General Dynamics Corp.’s current ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Quick Ratio

General Dynamics Corp., quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Cash and equivalents 902  963  2,983  2,334  2,785 
Accounts receivable 3,544  3,759  3,617  3,611  3,446 
Unbilled receivables 7,857  6,576  5,240  5,282  4,357 
Total quick assets 12,303  11,298  11,840  11,227  10,588 
 
Current liabilities 16,801  14,739  13,099  12,846  12,445 
Liquidity Ratio
Quick ratio1 0.73 0.77 0.90 0.87 0.85
Benchmarks
Quick Ratio, Competitors2
Boeing Co. 0.23 0.28 0.37 0.38 0.42
Lockheed Martin Corp. 0.93 0.88 0.91 0.80 0.65
Northrop Grumman Corp. 0.94 0.97 2.18 1.04 0.95
Raytheon Technologies Corp. 0.73 0.76 0.88 0.85 0.78
Quick Ratio, Sector
Aerospace & Defense 0.47 0.52 0.71 0.63 0.61
Quick Ratio, Industry
Industrials 0.79 0.81 0.97 0.96 0.92

Based on: 10-K (filing date: 2020-02-10), 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-12), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-08).

1 2019 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 12,303 ÷ 16,801 = 0.73

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. General Dynamics Corp.’s quick ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Cash Ratio

General Dynamics Corp., cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Cash and equivalents 902  963  2,983  2,334  2,785 
Total cash assets 902  963  2,983  2,334  2,785 
 
Current liabilities 16,801  14,739  13,099  12,846  12,445 
Liquidity Ratio
Cash ratio1 0.05 0.07 0.23 0.18 0.22
Benchmarks
Cash Ratio, Competitors2
Boeing Co. 0.10 0.10 0.18 0.20 0.24
Lockheed Martin Corp. 0.11 0.05 0.23 0.15 0.08
Northrop Grumman Corp. 0.24 0.19 1.61 0.45 0.42
Raytheon Technologies Corp. 0.21 0.20 0.37 0.33 0.31
Cash Ratio, Sector
Aerospace & Defense 0.13 0.12 0.32 0.23 0.24
Cash Ratio, Industry
Industrials 0.39 0.36 0.50 0.51 0.50

Based on: 10-K (filing date: 2020-02-10), 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-12), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-08).

1 2019 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 902 ÷ 16,801 = 0.05

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. General Dynamics Corp.’s cash ratio deteriorated from 2017 to 2018 and from 2018 to 2019.