Stock Analysis on Net

Lockheed Martin Corp. (NYSE:LMT)

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Lockheed Martin Corp., liquidity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Current ratio 1.21 1.32 1.42 1.39 1.22
Quick ratio 0.99 1.09 1.15 1.05 0.93
Cash ratio 0.09 0.16 0.26 0.23 0.11

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Lockheed Martin Corp. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Lockheed Martin Corp. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Lockheed Martin Corp. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Current Ratio

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Current assets 20,521 20,991 19,815 19,378 17,095
Current liabilities 16,937 15,887 13,997 13,933 13,972
Liquidity Ratio
Current ratio1 1.21 1.32 1.42 1.39 1.22
Benchmarks
Current Ratio, Competitors2
Boeing Co. 1.14 1.22 1.33 1.39 1.05
Caterpillar Inc. 1.35 1.39 1.46 1.53 1.47
Cummins Inc. 1.18 1.27 1.74 1.88 1.50
General Electric Co. 1.18 1.16 1.28 1.58 1.16
Honeywell International Inc. 1.27 1.25 1.30 1.47 1.34
RTX Corp. 1.04 1.09 1.19 1.21 1.08
Current Ratio, Sector
Capital Goods 1.17 1.22 1.33 1.44 1.17
Current Ratio, Industry
Industrials 1.17 1.21 1.32 1.43 1.19

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 20,521 ÷ 16,937 = 1.21

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. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Quick Ratio

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 1,442 2,547 3,604 3,160 1,514
Receivables, net 2,132 2,505 1,963 1,978 2,337
Contract assets 13,183 12,318 10,579 9,545 9,094
Total quick assets 16,757 17,370 16,146 14,683 12,945
 
Current liabilities 16,937 15,887 13,997 13,933 13,972
Liquidity Ratio
Quick ratio1 0.99 1.09 1.15 1.05 0.93
Benchmarks
Quick Ratio, Competitors2
Boeing Co. 0.28 0.32 0.34 0.41 0.23
Caterpillar Inc. 0.74 0.79 0.89 1.02 0.98
Cummins Inc. 0.65 0.68 1.01 1.21 0.82
General Electric Co. 0.78 0.81 0.93 1.27 0.86
Honeywell International Inc. 0.84 0.88 0.94 1.15 0.99
RTX Corp. 0.63 0.69 0.81 0.78 0.73
Quick Ratio, Sector
Capital Goods 0.59 0.64 0.72 0.84 0.64
Quick Ratio, Industry
Industrials 0.65 0.70 0.79 0.88 0.71

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 16,757 ÷ 16,937 = 0.99

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. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Cash Ratio

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 1,442 2,547 3,604 3,160 1,514
Total cash assets 1,442 2,547 3,604 3,160 1,514
 
Current liabilities 16,937 15,887 13,997 13,933 13,972
Liquidity Ratio
Cash ratio1 0.09 0.16 0.26 0.23 0.11
Benchmarks
Cash Ratio, Competitors2
Boeing Co. 0.17 0.19 0.20 0.29 0.10
Caterpillar Inc. 0.20 0.22 0.31 0.36 0.31
Cummins Inc. 0.21 0.23 0.45 0.61 0.23
General Electric Co. 0.45 0.44 0.54 0.78 0.60
Honeywell International Inc. 0.44 0.51 0.59 0.79 0.58
RTX Corp. 0.14 0.16 0.22 0.25 0.21
Cash Ratio, Sector
Capital Goods 0.23 0.27 0.33 0.45 0.31
Cash Ratio, Industry
Industrials 0.26 0.29 0.36 0.46 0.34

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,442 ÷ 16,937 = 0.09

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. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023.