Stock Analysis on Net
Stock Analysis on Net

Raytheon Technologies Corp. (NYSE:RTX)

Analysis of Liquidity Ratios
Quarterly Data

Beginner level


Liquidity Ratios (Summary)

Raytheon Technologies Corp., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Current ratio 1.20 1.23 1.08 1.06 1.05 1.13 1.13 1.52 1.46 1.32 1.35 1.31 1.37 1.24 1.30 1.27 1.26 1.34 1.18 1.37 1.29 1.16
Quick ratio 0.75 0.81 0.73 0.71 0.70 0.75 0.76 1.12 1.05 0.90 0.88 0.86 0.92 0.80 0.85 0.83 0.83 0.88 0.78 0.68 0.74 0.65
Cash ratio 0.20 0.25 0.21 0.21 0.19 0.20 0.20 0.52 0.44 0.31 0.37 0.34 0.39 0.30 0.33 0.32 0.31 0.35 0.31 0.23 0.25 0.21

Based on: 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Raytheon Technologies Corp.’s current ratio improved from Q4 2019 to Q1 2020 but then slightly deteriorated from Q1 2020 to Q2 2020.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Raytheon Technologies Corp.’s quick ratio improved from Q4 2019 to Q1 2020 but then slightly deteriorated from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Raytheon Technologies Corp.’s cash ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Current Ratio

Raytheon Technologies Corp., current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Current assets 42,274  38,875  37,497  37,816  37,058  35,402  35,503  40,204  36,556  32,741  32,858  32,963  32,829  29,305  28,550  28,548  27,970  27,527  26,706  32,359  30,669  29,958 
Current liabilities 35,291  31,502  34,586  35,567  35,422  31,403  31,368  26,504  25,068  24,747  24,391  25,249  23,919  23,726  21,906  22,541  22,183  20,523  22,618  23,689  23,729  25,729 
Liquidity Ratio
Current ratio1 1.20 1.23 1.08 1.06 1.05 1.13 1.13 1.52 1.46 1.32 1.35 1.31 1.37 1.24 1.30 1.27 1.26 1.34 1.18 1.37 1.29 1.16
Benchmarks
Current Ratio, Competitors2
Boeing Co. 1.41 1.17 1.05 1.11 1.03 1.07 1.08 1.10 1.11 1.15 1.16 1.18 1.19 1.25 1.25 1.28 1.27 1.32 1.35 1.17 1.17 1.20
General Dynamics Corp. 1.27 1.34 1.18 1.11 1.09 1.23 1.23 1.27 1.20 1.34 1.40 1.37 1.27 1.26 1.20 1.29 1.19 1.14 1.17 1.16 1.24 1.25
Lockheed Martin Corp. 1.31 1.23 1.22 1.28 1.20 1.17 1.12 1.11 1.19 1.27 1.38 1.32 1.21 1.22 1.20 1.19 1.03 1.06 1.15 1.16 1.21 1.32
Northrop Grumman Corp. 1.35 1.29 1.13 1.29 1.25 1.18 1.17 1.26 1.24 2.52 2.35 1.21 1.11 1.27 1.22 1.13 1.13 1.15 1.16 1.16 1.25 1.35

Based on: 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24).

1 Q2 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 42,274 ÷ 35,291 = 1.20

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 Technologies Corp.’s current ratio improved from Q4 2019 to Q1 2020 but then slightly deteriorated from Q1 2020 to Q2 2020.

Quick Ratio

Raytheon Technologies Corp., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 6,975  8,001  7,378  7,341  6,819  6,240  6,152  13,799  11,068  7,667  8,985  8,523  9,345  7,156  7,157  7,107  6,785  7,215  7,075  5,477  5,933  5,281 
Accounts receivable, net 9,496  13,104  13,524  13,607  13,695  13,574  14,271  12,550  11,973  11,699  12,595  13,128  12,597  11,840  11,481  11,500  11,544  10,899  10,653  10,647  11,516  11,512 
Contract assets, current 9,943  4,549  4,184  4,316  4,334  3,795  3,486  3,450  3,273  2,989  —  —  —  —  —  —  —  —  —  —  —  — 
Total quick assets 26,414  25,654  25,086  25,264  24,848  23,609  23,909  29,799  26,314  22,355  21,580  21,651  21,942  18,996  18,638  18,607  18,329  18,114  17,728  16,124  17,449  16,793 
 
Current liabilities 35,291  31,502  34,586  35,567  35,422  31,403  31,368  26,504  25,068  24,747  24,391  25,249  23,919  23,726  21,906  22,541  22,183  20,523  22,618  23,689  23,729  25,729 
Liquidity Ratio
Quick ratio1 0.75 0.81 0.73 0.71 0.70 0.75 0.76 1.12 1.05 0.90 0.88 0.86 0.92 0.80 0.85 0.83 0.83 0.88 0.78 0.68 0.74 0.65
Benchmarks
Quick Ratio, Competitors2
Boeing Co. 0.47 0.30 0.23 0.28 0.25 0.26 0.28 0.29 0.29 0.30 0.37 0.39 0.39 0.38 0.38 0.40 0.39 0.37 0.42 0.33 0.31 0.32
General Dynamics Corp. 0.81 0.91 0.73 0.69 0.66 0.76 0.77 0.78 0.78 0.92 0.90 0.89 0.78 0.78 0.87 0.93 0.86 0.83 0.85 0.86 0.94 0.95
Lockheed Martin Corp. 1.04 0.96 0.93 1.03 0.93 0.93 0.88 0.86 0.93 1.01 0.91 0.91 0.82 0.82 0.80 0.82 0.68 0.68 0.65 0.77 0.81 0.87
Northrop Grumman Corp. 1.20 1.11 0.94 1.07 1.05 0.99 0.97 1.06 1.10 2.41 2.18 1.00 0.92 1.06 1.04 0.93 0.91 0.93 0.95 0.89 0.98 1.09

Based on: 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24).

1 Q2 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 26,414 ÷ 35,291 = 0.75

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 Technologies Corp.’s quick ratio improved from Q4 2019 to Q1 2020 but then slightly deteriorated from Q1 2020 to Q2 2020 not reaching Q4 2019 level.

Cash Ratio

Raytheon Technologies Corp., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 6,975  8,001  7,378  7,341  6,819  6,240  6,152  13,799  11,068  7,667  8,985  8,523  9,345  7,156  7,157  7,107  6,785  7,215  7,075  5,477  5,933  5,281 
Total cash assets 6,975  8,001  7,378  7,341  6,819  6,240  6,152  13,799  11,068  7,667  8,985  8,523  9,345  7,156  7,157  7,107  6,785  7,215  7,075  5,477  5,933  5,281 
 
Current liabilities 35,291  31,502  34,586  35,567  35,422  31,403  31,368  26,504  25,068  24,747  24,391  25,249  23,919  23,726  21,906  22,541  22,183  20,523  22,618  23,689  23,729  25,729 
Liquidity Ratio
Cash ratio1 0.20 0.25 0.21 0.21 0.19 0.20 0.20 0.52 0.44 0.31 0.37 0.34 0.39 0.30 0.33 0.32 0.31 0.35 0.31 0.23 0.25 0.21
Benchmarks
Cash Ratio, Competitors2
Boeing Co. 0.35 0.16 0.10 0.12 0.10 0.09 0.10 0.13 0.13 0.13 0.18 0.18 0.20 0.18 0.20 0.20 0.19 0.17 0.24 0.17 0.17 0.17
General Dynamics Corp. 0.14 0.29 0.05 0.05 0.04 0.04 0.07 0.06 0.11 0.28 0.23 0.21 0.14 0.16 0.18 0.19 0.16 0.15 0.22 0.26 0.32 0.34
Lockheed Martin Corp. 0.19 0.13 0.11 0.16 0.08 0.06 0.05 0.06 0.09 0.17 0.23 0.22 0.18 0.16 0.15 0.20 0.08 0.10 0.08 0.25 0.25 0.30
Northrop Grumman Corp. 0.43 0.32 0.24 0.13 0.13 0.09 0.19 0.15 0.20 1.62 1.61 0.30 0.22 0.27 0.45 0.22 0.22 0.26 0.42 0.25 0.37 0.50

Based on: 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24).

1 Q2 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 6,975 ÷ 35,291 = 0.20

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 Technologies Corp.’s cash ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.