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

Lockheed Martin Corp. (NYSE:LMT)

Analysis of Liquidity Ratios

Beginner level

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

Liquidity Ratios (Summary)

Lockheed Martin Corp., liquidity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Current ratio 1.39 1.22 1.12 1.38 1.20
Quick ratio 1.05 0.93 0.88 0.91 0.80
Cash ratio 0.23 0.11 0.05 0.23 0.15

Based on: 10-K (filing date: 2021-01-28), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-09).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Lockheed Martin Corp.’s current ratio improved from 2018 to 2019 and from 2019 to 2020.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Lockheed Martin Corp.’s quick ratio improved from 2018 to 2019 and from 2019 to 2020.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Lockheed Martin Corp.’s cash ratio improved from 2018 to 2019 and from 2019 to 2020.

Current Ratio

Lockheed Martin Corp., current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Current assets 19,378  17,095  16,103  17,461  15,108 
Current liabilities 13,933  13,972  14,398  12,637  12,542 
Liquidity Ratio
Current ratio1 1.39 1.22 1.12 1.38 1.20
Benchmarks
Current Ratio, Competitors2
Boeing Co. 1.39 1.05 1.08 1.16 1.25
Northrop Grumman Corp. 1.60 1.13 1.17 2.35 1.22
Raytheon Technologies Corp. 1.21 1.08 1.13 1.35 1.30
Current Ratio, Sector
Aerospace & Defense 1.36 1.08 1.10 1.31 1.25
Current Ratio, Industry
Industrials 1.40 1.18 1.16 1.27 1.24

Based on: 10-K (filing date: 2021-01-28), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-09).

1 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 19,378 ÷ 13,933 = 1.39

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. Lockheed Martin Corp.’s current ratio improved from 2018 to 2019 and from 2019 to 2020.

Quick Ratio

Lockheed Martin Corp., quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 3,160  1,514  772  2,861  1,837 
Receivables, net 1,978  2,337  2,444  8,603  8,202 
Contract assets 9,545  9,094  9,472  —  — 
Total quick assets 14,683  12,945  12,688  11,464  10,039 
 
Current liabilities 13,933  13,972  14,398  12,637  12,542 
Liquidity Ratio
Quick ratio1 1.05 0.93 0.88 0.91 0.80
Benchmarks
Quick Ratio, Competitors2
Boeing Co. 0.41 0.23 0.28 0.37 0.38
Northrop Grumman Corp. 1.21 0.94 0.97 2.18 1.04
Raytheon Technologies Corp. 0.78 0.73 0.76 0.88 0.85
Quick Ratio, Sector
Aerospace & Defense 0.61 0.45 0.50 0.69 0.60
Quick Ratio, Industry
Industrials 0.83 0.68 0.67 0.79 0.75

Based on: 10-K (filing date: 2021-01-28), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-09).

1 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 14,683 ÷ 13,933 = 1.05

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. Lockheed Martin Corp.’s quick ratio improved from 2018 to 2019 and from 2019 to 2020.

Cash Ratio

Lockheed Martin Corp., cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 3,160  1,514  772  2,861  1,837 
Total cash assets 3,160  1,514  772  2,861  1,837 
 
Current liabilities 13,933  13,972  14,398  12,637  12,542 
Liquidity Ratio
Cash ratio1 0.23 0.11 0.05 0.23 0.15
Benchmarks
Cash Ratio, Competitors2
Boeing Co. 0.29 0.10 0.10 0.18 0.20
Northrop Grumman Corp. 0.51 0.24 0.19 1.61 0.45
Raytheon Technologies Corp. 0.25 0.21 0.20 0.37 0.33
Cash Ratio, Sector
Aerospace & Defense 0.29 0.14 0.13 0.33 0.24
Cash Ratio, Industry
Industrials 0.43 0.30 0.27 0.38 0.37

Based on: 10-K (filing date: 2021-01-28), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-09).

1 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,160 ÷ 13,933 = 0.23

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. Lockheed Martin Corp.’s cash ratio improved from 2018 to 2019 and from 2019 to 2020.