Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Raytheon Co., liquidity ratios (quarterly data)
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), 10-Q (reporting date: 2015-03-29).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Raytheon Co. current ratio improved from Q2 2019 to Q3 2019 but then deteriorated significantly from Q3 2019 to Q4 2019. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Raytheon Co. quick ratio improved from Q2 2019 to Q3 2019 but then deteriorated significantly from Q3 2019 to Q4 2019. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Raytheon Co. cash ratio improved from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
Current Ratio
Raytheon Co., current ratio calculation (quarterly data)
| Dec 31, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current assets | 13,082) | 12,029) | 11,526) | 10,956) | 12,136) | 10,635) | 11,315) | 10,960) | 11,326) | 10,778) | 10,937) | 10,515) | 10,678) | 10,155) | 9,850) | 9,359) | 9,812) | 9,528) | 8,704) | 10,241) | ||||||
| Current liabilities | 9,791) | 7,815) | 7,871) | 7,680) | 8,288) | 7,156) | 7,017) | 6,779) | 7,348) | 6,492) | 6,587) | 6,307) | 6,427) | 6,001) | 6,014) | 5,749) | 6,126) | 6,328) | 5,641) | 5,635) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||||
| Current ratio1 | 1.34 | 1.54 | 1.46 | 1.43 | 1.46 | 1.49 | 1.61 | 1.62 | 1.54 | 1.66 | 1.66 | 1.67 | 1.66 | 1.69 | 1.64 | 1.63 | 1.60 | 1.51 | 1.54 | 1.82 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||
| Boeing Co. | 1.05 | 1.11 | 1.03 | 1.07 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Caterpillar Inc. | 1.47 | 1.44 | 1.43 | 1.43 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Cummins Inc. | 1.50 | 1.52 | 1.66 | 1.57 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Eaton Corp. plc | 1.70 | 1.72 | 1.83 | 1.47 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| General Electric Co. | 0.99 | 1.07 | 1.11 | 1.13 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Honeywell International Inc. | 1.34 | 1.31 | 1.19 | 1.24 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Lockheed Martin Corp. | 1.22 | 1.28 | 1.20 | 1.17 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| RTX Corp. | 1.08 | 1.06 | 1.05 | 1.13 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), 10-Q (reporting date: 2015-03-29).
1 Q4 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 13,082 ÷ 9,791 = 1.34
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. | Raytheon Co. current ratio improved from Q2 2019 to Q3 2019 but then deteriorated significantly from Q3 2019 to Q4 2019. |
Quick Ratio
Raytheon Co., quick ratio calculation (quarterly data)
| Dec 31, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Cash and cash equivalents | 4,292) | 2,646) | 2,173) | 2,093) | 3,608) | 2,073) | 3,094) | 2,748) | 3,103) | 2,311) | 2,167) | 2,186) | 3,303) | 2,342) | 2,016) | 1,934) | 2,328) | 2,453) | 1,828) | 2,906) | ||||||
| Short-term investments | —) | —) | —) | —) | —) | —) | —) | —) | 297) | —) | 410) | 399) | 100) | 462) | 703) | 711) | 872) | 608) | 666) | 1,234) | ||||||
| Receivables, net | 1,364) | 1,473) | 1,607) | 1,424) | 1,648) | 1,527) | 1,317) | 1,639) | 1,324) | 1,393) | 1,560) | 1,319) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||
| Contract assets | 6,122) | 6,498) | 6,130) | 5,971) | 5,594) | 5,715) | 5,642) | 5,444) | 5,247) | 5,892) | 5,728) | 5,555) | 6,202) | 6,469) | 6,249) | 5,882) | 5,564) | 5,649) | 5,514) | 5,223) | ||||||
| Total quick assets | 11,778) | 10,617) | 9,910) | 9,488) | 10,850) | 9,315) | 10,053) | 9,831) | 9,971) | 9,596) | 9,865) | 9,459) | 9,605) | 9,273) | 8,968) | 8,527) | 8,764) | 8,710) | 8,008) | 9,363) | ||||||
| Current liabilities | 9,791) | 7,815) | 7,871) | 7,680) | 8,288) | 7,156) | 7,017) | 6,779) | 7,348) | 6,492) | 6,587) | 6,307) | 6,427) | 6,001) | 6,014) | 5,749) | 6,126) | 6,328) | 5,641) | 5,635) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||||
| Quick ratio1 | 1.20 | 1.36 | 1.26 | 1.24 | 1.31 | 1.30 | 1.43 | 1.45 | 1.36 | 1.48 | 1.50 | 1.50 | 1.49 | 1.55 | 1.49 | 1.48 | 1.43 | 1.38 | 1.42 | 1.66 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||
| Boeing Co. | 0.23 | 0.28 | 0.25 | 0.26 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Caterpillar Inc. | 0.98 | 0.93 | 0.94 | 0.91 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Cummins Inc. | 0.82 | 0.86 | 0.94 | 0.87 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Eaton Corp. plc | 0.78 | 0.99 | 1.07 | 0.82 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| General Electric Co. | 0.69 | 0.65 | 0.71 | 0.73 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Honeywell International Inc. | 0.99 | 1.00 | 0.87 | 0.92 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Lockheed Martin Corp. | 0.93 | 1.03 | 0.93 | 0.93 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| RTX Corp. | 0.73 | 0.71 | 0.70 | 0.75 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), 10-Q (reporting date: 2015-03-29).
1 Q4 2019 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 11,778 ÷ 9,791 = 1.20
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. | Raytheon Co. quick ratio improved from Q2 2019 to Q3 2019 but then deteriorated significantly from Q3 2019 to Q4 2019. |
Cash Ratio
Raytheon Co., cash ratio calculation (quarterly data)
| Dec 31, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Cash and cash equivalents | 4,292) | 2,646) | 2,173) | 2,093) | 3,608) | 2,073) | 3,094) | 2,748) | 3,103) | 2,311) | 2,167) | 2,186) | 3,303) | 2,342) | 2,016) | 1,934) | 2,328) | 2,453) | 1,828) | 2,906) | ||||||
| Short-term investments | —) | —) | —) | —) | —) | —) | —) | —) | 297) | —) | 410) | 399) | 100) | 462) | 703) | 711) | 872) | 608) | 666) | 1,234) | ||||||
| Total cash assets | 4,292) | 2,646) | 2,173) | 2,093) | 3,608) | 2,073) | 3,094) | 2,748) | 3,400) | 2,311) | 2,577) | 2,585) | 3,403) | 2,804) | 2,719) | 2,645) | 3,200) | 3,061) | 2,494) | 4,140) | ||||||
| Current liabilities | 9,791) | 7,815) | 7,871) | 7,680) | 8,288) | 7,156) | 7,017) | 6,779) | 7,348) | 6,492) | 6,587) | 6,307) | 6,427) | 6,001) | 6,014) | 5,749) | 6,126) | 6,328) | 5,641) | 5,635) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||||
| Cash ratio1 | 0.44 | 0.34 | 0.28 | 0.27 | 0.44 | 0.29 | 0.44 | 0.41 | 0.46 | 0.36 | 0.39 | 0.41 | 0.53 | 0.47 | 0.45 | 0.46 | 0.52 | 0.48 | 0.44 | 0.73 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||
| Boeing Co. | 0.10 | 0.12 | 0.10 | 0.09 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Caterpillar Inc. | 0.31 | 0.29 | 0.27 | 0.26 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Cummins Inc. | 0.23 | 0.28 | 0.28 | 0.24 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Eaton Corp. plc | 0.12 | 0.18 | 0.18 | 0.08 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| General Electric Co. | 0.47 | 0.41 | 0.44 | 0.47 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Honeywell International Inc. | 0.58 | 0.62 | 0.50 | 0.55 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Lockheed Martin Corp. | 0.11 | 0.16 | 0.08 | 0.06 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| RTX Corp. | 0.21 | 0.21 | 0.19 | 0.20 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), 10-Q (reporting date: 2015-03-29).
1 Q4 2019 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 4,292 ÷ 9,791 = 0.44
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. | Raytheon Co. cash ratio improved from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |