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Huntington Ingalls Industries's quarterly other current assets
increased
from Dec. 2025 ($77 Mil) to Mar. 2026 ($98 Mil) and
increased
from Mar. 2026 ($98 Mil) to Jun. 2026 ($106Mil).
Huntington Ingalls Industries's annual other current assets
increased
from Dec. 2023 ($83 Mil) to Dec. 2024 ($90 Mil)
declined
from Dec. 2024 ($90 Mil) to Dec. 2025 ($77 Mil).
* 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.
Huntington Ingalls Industries Other Current Assets Chart
Huntington Ingalls Industries Other Current Assets Calculation
Technically, the other current assets line may include any asset that will be used up within the next 12 months. However, other current assets never include assets that are listed elsewhere in the current assets section of the balance sheet. For this reason, other current assets are almost never:
Cash
Trade Receivables
Inventory
The assets grouped under other current assets are most commonly:
Prepaid Expenses
Tax Assets
Non-Trade Receivables
Other (too numerous to list)
Some companies can and do choose to report each of these items separately.
Other current assets may be made up largely of Prepaid Expenses - unless these are listed on a separate line of the balance sheet.
Prepaid expenses are exactly what they sound like. If a company pays a $30 million insurance premium on the last day of June that will provide coverage for the entire month of July, the company will record a $30 million prepaid expense to account for the insurance expense it will show in July that it already paid for in June.
Tax assets can be quite complex. It is not common for companies to have both tax assets and tax liabilities. It is important that investors take note of both items when considering future taxes.
Non-Trade receivables are rarely a large item. They include money owed to the company by non-customers. Non-trade receivables can be caused by related party transactions, the sale of a business unit, etc. The notes to the company's financial statements will often provide much more detail on this item if it is truly important.
There are a variety of other current assets like non-trade receivables which are simply too numerous to list. If a company is following correct reporting procedures, it should not lump items that are different from one another and yet individually important to the company together under the line Other Current Assets.
At most companies, other current assets are a small and unimportant part of the total balance sheet.
What does a Other Current Assets of $106 Mil mean?
Huntington Ingalls Industries (LTS:0J76) has a Other Current Assets of $106 Mil as of Jun. 2026. Other current assets as record on a company's balance sheet not categorized as standard assets. View historical data on Huntington Ingalls Industries.
Is Huntington Ingalls Industries' Other Current Assets too high?
Huntington Ingalls Industries' current Other Current Assets is $106 Mil. Overall, Huntington Ingalls Industries has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Huntington Ingalls Industries' Other Current Assets compare to DRS and MOG.A?
Huntington Ingalls Industries' Other Current Assets of $106 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Other Current Assets for an Aerospace & Defense company?
A good Other Current Assets depends on the Aerospace & Defense industry context. However, Other Current Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Other Current Assets mean?
A high Other Current Assets can signal that a stock is expensive relative to its fundamentals. Other current assets as record on a company's balance sheet not categorized as standard assets. View historical data on Huntington Ingalls Industries. Huntington Ingalls Industries's current Other Current Assets is $106 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Huntington Ingalls Industries stock overvalued right now?
Based on GuruFocus' analysis, Huntington Ingalls Industries (LTS:0J76) is currently considered Fairly Valued. The stock's GF Value™ is $298.84, compared to a current price of $324.48 — trading 8.6% above its estimated fair value. The current Other Current Assets is $106 Mil. Huntington Ingalls Industries' overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Current Assets calculated?
Other Current Assets is calculated from a company's financial statements. For Huntington Ingalls Industries (LTS:0J76), the current Other Current Assets is $106 Mil as of Jun. 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 Huntington Ingalls Industries (LTS:0J76) Overvalued in 2026?
Based on GuruFocus' analysis, Huntington Ingalls Industries stock appears to be overvalued.
The current stock price of $324.48 is trading 8.6% above its estimated GF Value™ of $298.84.
GuruFocus considers Huntington Ingalls Industries to be Fairly Valued.
Key valuation signals for LTS:0J76:
Other Current Assets: $106 Mil
GF Value™: $298.84 vs. price of $324.48 (8.6% above fair value)
No single metric tells the full story. See the LTS:0J76 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Huntington Ingalls Industries is the largest independent military shipbuilder in the US, spun out from Northrop Grumman in 2011. It operates three segments, two of which are storied shipyards: Ingalls produces non-nuclear-powered ships, including amphibious landing ships and Arleigh Burke-class destroyers, while Newport News produces nuclear-powered ships as the only producer of Gerald Ford-class aircraft carriers and a major subcontractor on Virginia- and Columbia-class nuclear submarines. HII shares production of destroyers and nuclear submarines with General Dynamics' Bath Iron Works and Electric Boat shipyards, respectively. The company's mission technologies segment produces uncrewed sea vessels and provides a range of IT and other services to US government agencies.
81GF Score
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