Lockheed Martin (Lockheed Martin) Total Current Assets : $22,958 Mil (As of Mar. 2024)

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What is Lockheed Martin Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Lockheed Martin's total current assets for the quarter that ended in Mar. 2024 was $22,958 Mil.

Lockheed Martin Total Current Assets Historical Data

The historical data trend for Lockheed Martin's Total Current Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Lockheed Martin Total Current Assets Chart

Lockheed Martin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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17,095.00

19,378.00

19,815.00

20,991.00

20,521.00

Lockheed Martin Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															22,144.00	24,087.00	23,322.00	20,521.00	22,958.00

Lockheed Martin Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Lockheed Martin's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1442	+	15315	+	3132	+	632
	=	20,521

Lockheed Martin's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2790	+	16307	+	3278	+	583
	=	22,958

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Lockheed Martin (NYSE:LMT) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Lockheed Martin's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2790	-	48313	+	0.75 * 2257	+	0.5 * 3278
=	-42,191

Lockheed Martin Total Current Assets Related Terms

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Lockheed Martin (Lockheed Martin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Lockheed Martin Corp (NYSE:LMT) » Definitions » Total Current Assets

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Traded in Other Exchanges

LMT:Mexico 1LMT:Italy LOM:Germany LOM:Germany LOM:Germany LMTB34:Brazil LMT:Austria LMT:Argentina

Address

6801 Rockledge Drive, Bethesda, MD, USA, 20817

Website

https://www.lockheedmartin.com

Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Lockheed's largest segment is aeronautics, which derives upward of two-thirds of its revenue from the F-35. Lockheed's remaining segments are rotary and mission systems, which is mainly the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.

Executives

John Donovan	director	208 S. AKARD ST. , ROOM 3025, DALLAS TX 75202
Stephanie C. Hill	officer: Executive Vice President	55 WATER STREET, NEW YORK NY 10041
Timothy S Cahill	officer: Executive Vice President	6802 ROCKLEDGE DRIVE, BETHESDA MD 20817
St John Frank A	officer: Executive Vice President	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Gregory M Ulmer	officer: Acting Executive Vice Pres.	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Vincent R. Stewart	director	C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Paul Harry Edward Iii	officer: Vice President & Controller	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Evan T Scott	officer: Vice President & Treasurer	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
John W Mollard	officer: Vice President & Treasurer	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Brian P Colan	officer: VP & Controller	6801 ROCKLEDGE DR, BETHESDA MD 20817
Maryanne Lavan	officer: SVP & General Counsel	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Jesus Jr Malave	officer: Chief Financial Officer	L3HARRIS TECHNOLOGIES INC, 1025 WEST NASA BOULEVARD, MELBOURNE FL 32919
Lightfoot Robert M Jr	officer: Executive Vice President	6801 ROCKLEDGE DR, BETHESDA MD 20817
Patricia E Yarrington	director	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Kenneth R Possenriede	officer: Vice President & Treasurer	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817