Leonardo SpAFINMF -5.67%84 Current Ratio is 1.86 as of Mar. 2026, which is 90% above its 10-year median of 0.98. GuruFocus rates FINMF with a GF Score™ of 84/100 and a GF Value™ of $34.89 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 357 Aerospace & Defense companies, Leonardo SpA ranks worse than 51.54% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Leonardo SpA's current ratio for the quarter that ended in Mar. 2026 was 1.86.
Leonardo SpA has a current ratio of 1.86. It generally indicates good short-term financial strength.
The historical rank and industry rank for Leonardo SpA's Current Ratio or its related term are showing as below:
FINMF'
s Current Ratio Range Over the Past 10 Years
Min: 0.67 Med: 0.98 Max: 1.9
Current: 1.86
During the past 13 years, Leonardo SpA's highest Current Ratio was 1.90. The lowest was 0.67. And the median was 0.98.
FINMF's Current Ratio is ranked worse than 51.54% of 357
companies
in the Aerospace & Defense industry
Industry Median: 1.93
vs FINMF: 1.86
Leonardo SpA (OTCPK:FINMF) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Leonardo SpA Current Ratio Related Terms
Leonardo SpA Current Ratio Historical Data
* Premium members only.
The historical data trend for Leonardo SpA's Current Ratio 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.
For the Aerospace & Defense subindustry, Leonardo SpA's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Leonardo SpA Current Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Leonardo SpA's Current Ratio distribution charts can be found below:
* The bar in red indicates where Leonardo SpA's Current Ratio falls into.
* 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.
Leonardo SpA (FINMF) has a Current Ratio of 1.86 as of Mar. 2026. This is 90% above median its historical median of 0.98. Over the past decade, Leonardo SpA's Current Ratio has ranged from 0.67 to 1.90. According to the industry distribution chart, Leonardo SpA ranks #184 out of 357 companies in the Aerospace & Defense industry, placing it in the top 51.5%.
Is Leonardo SpA's Current Ratio too high?
Leonardo SpA's current Current Ratio of 1.86 is 90% above median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 1.90. The Aerospace & Defense industry median Current Ratio is 1.93. Leonardo SpA's value of 1.86 is 3.6% below this industry median. Based on the distribution chart, Leonardo SpA ranks #184 out of 357 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Leonardo SpA has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leonardo SpA's Current Ratio compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Leonardo SpA ranks #184 out of 357 companies for Current Ratio. This places Leonardo SpA in the lower half of its industry. The industry median Current Ratio is 1.93. Leonardo SpA's value of 1.86 is 3.6% below this benchmark. Historically, Leonardo SpA's own Current Ratio has ranged from 0.67 to 1.90 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 1.93, Leonardo SpA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Aerospace & Defense company?
The median Current Ratio among Aerospace & Defense companies is 1.93, based on 357 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Leonardo SpA's current Current Ratio of 1.86 is 3.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median Current Ratio is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leonardo SpA's current Current Ratio is 1.86, which is 90% above median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leonardo SpA stock overvalued right now?
Based on GuruFocus' analysis, Leonardo SpA (FINMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $34.89, compared to a current price of $55.36 — trading 58.7% above its estimated fair value. The current Current Ratio is 1.86, which is 90% above median its 10-year median of 0.98 and 3.6% below the Aerospace & Defense industry median of 1.93. Leonardo SpA's overall GF Score™ is 84/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Leonardo SpA (FINMF), the current Current Ratio is 1.86 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Leonardo SpA (FINMF) Overvalued in 2026?
Based on GuruFocus' analysis, Leonardo SpA stock appears to be overvalued.
The current stock price of $55.36 is trading 58.7% above its estimated GF Value™ of $34.89.
GuruFocus considers Leonardo SpA to be Significantly Overvalued.
Key valuation signals for FINMF:
Current Ratio: 1.86 (90% above median its 10-year median of 0.98)
GF Value™: $34.89 vs. price of $55.36 (58.7% above fair value)
Industry Position: 3.6% below the Aerospace & Defense median (#184 of 357)
No single metric tells the full story. See the FINMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leonardo is a leading European security firm, with 30.2% of shares owned by the Italian government. Divisions include helicopters, defence electronics & security, aeronautics, cyber & security solutions, and space.The helicopter division serves both military and civil markets. Defence electronics & security accesses the US market through the Leonardo DRS subsidiary. Aeronautics integrates aircraft and aerostructures, participating in major programs like Eurofighter, F-35, and the Global Combat Air Programme, or GCAP. It also supplies large structural components to major commercial aircraft programs. Leonardo is currently evolving from a defense firm into a data-driven global security company.
84GF Score
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