The company maintains a strained capital structure with a debt-to-equity ratio of 1.88 and a significant goodwill concentration of $2.9B, representing over 50% of total assets.
| Metric | TTM | Jan'26 | Jan'25 | Jan'24 | Jan'23 | Jan'22 | Jan'21 | Jan'20 | Jan'19 | Jan'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 |
|---|
| Total Current Assets | 1.2B | 1.18B | 1.15B | 1.13B | 1.2B | 1.26B | 1.29B | 1.43B | 1.43B | 950M | 901M | 952M | 943M | 994M | 809M | 4.21B | 3.87B |
| Cash & Short-Term Investments | 109M | 182M | 56M | 94M | 109M | 106M | 171M | 188M | 237M | 144M | 210M | 195M | 301M | 254M | 1M | 1.59B | 1.37B |
| Cash Only | 109M | 182M | 56M | 94M | 109M | 106M | 171M | 188M | 237M | 144M | 210M | 195M | 301M | 254M | 1M | 1.59B | 1.37B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 962M | 853M | 1B | 914M | 936M | 1.01B | 962M | 1.1B | 1.05B | 674M | 539M | 635M | 544M | 621M | 691M | 2.16B | 2.07B |
| Days Sales Outstanding | 47.7 | 42.87 | 48.8 | 44.82 | 44.35 | 50.1 | 49.76 | 62.88 | 82.26 | 55.23 | 44.29 | 53.71 | 51.11 | 55 | 52.75 | 166.88 | 69.94 |
| Inventory | 0 | 0 | 0 | 3M | 152M | 142M | 156M | 143M | 74M | 132M | 152M | 122M | 67M | 119M | 94M | 168M | 116M |
| Days Inventory Outstanding | - | - | - | 0.17 | 8.14 | 7.93 | 9.09 | 9.2 | 6.44 | 11.92 | 13.86 | 11.41 | 6.89 | 11.47 | 7.85 | 14.24 | 4.52 |
| Other Current Assets | 128M | 144M | 20M | 27M | 23M | 21M | 22M | 19M | 25M | 64M | 54M | 33M | 10M | 8M | 23M | 207M | 214M |
| Total Non-Current Assets | 4.14B | 4.17B | 4.09B | 4.18B | 4.69B | 4.48B | 4.43B | 3.28B | 3.13B | 1.12B | 1.14B | 1.17B | 455M | 453M | 436M | 2.46B | 2.36B |
| Property, Plant & Equipment | 295M | 303M | 268M | 243M | 250M | 309M | 344M | 281M | 103M | 61M | 60M | 71M | 59M | 60M | 29M | 348M | 359M |
| Fixed Asset Turnover | 25.85x | 23.97x | 27.91x | 30.63x | 30.82x | 23.93x | 20.51x | 22.70x | 45.23x | 73.02x | 74.03x | 60.77x | 65.85x | 68.68x | 164.86x | 13.60x | 30.08x |
| Goodwill | 2.94B | 2.94B | 2.85B | 2.85B | 2.91B | 2.91B | 2.79B | 2.14B | 2.12B | 863M | 863M | 860M | 379M | 379M | 379M | 1.83B | 1.66B |
| Intangible Assets | 729M | 761M | 779M | 894M | 1.01B | 1.13B | 1.14B | 711M | 803M | 179M | 200M | 224M | 2M | 4M | 190M | 176M | 211M |
| Long-Term Investments | 219M | 46M | 91M | 0 | 72M | 28M | 27M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 126M | 121M | 103M | 167M | 97M | 84M | 73M | 76M | 29M | 11M | 5M | 7M | 7M | 13M | 79M | 75M | 71M |
| Total Assets | 5.34B | 5.35B | 5.25B | 5.31B | 5.54B | 5.75B | 5.72B | 4.71B | 4.56B | 2.07B | 2.04B | 2.12B | 1.4B | 1.45B | 5.88B | 6.67B | 6.22B |
| Asset Turnover | 1.37x | 1.36x | 1.43x | 1.40x | 1.39x | 1.29x | 1.23x | 1.35x | 1.02x | 2.15x | 2.18x | 2.03x | 2.78x | 2.85x | 0.81x | 0.71x | 1.74x |
| Asset Growth % | 6.37% | 2.06% | -1.28% | -4.13% | -3.53% | 0.4% | 21.48% | 3.24% | 120.12% | 1.52% | -3.77% | 51.79% | -3.39% | -75.37% | -11.88% | 7.13% | - |
| Total Current Liabilities | 1.04B | 982M | 1.4B | 1.16B | 1.13B | 1.35B | 1.27B | 1.13B | 897M | 695M | 623M | 688M | 577M | 564M | 1.79B | 3.02B | 1.74B |
| Accounts Payable | 634M | 500M | 631M | 567M | 624M | 612M | 517M | 527M | 455M | 397M | 329M | 351M | 315M | 337M | 420M | 485M | 1.2B |
| Days Payables Outstanding | 33.16 | 28.59 | 34.97 | 31.49 | 33.42 | 34.18 | 30.13 | 33.91 | 39.59 | 35.84 | 30 | 32.82 | 32.39 | 32.47 | 35.06 | 41.1 | 46.65 |
| Short-Term Debt | 26M | 40M | 313M | 77M | 31M | 148M | 68M | 70M | 24M | 41M | 25M | 57M | 32M | 13M | 2M | 553M | 3M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 48M | 55M | 82M | 41M | -201M | 23M | 13M | 8M | 0 | 3M | 15M | 211M | 0 |
| Other Current Liabilities | 0 | 442M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 261M | 0 | 230M | 12M | 218M | 14M | 41M |
| Current Ratio | 1.16x | 1.20x | 0.83x | 0.98x | 1.06x | 0.93x | 1.01x | 1.27x | 1.60x | 1.37x | 1.45x | 1.38x | 1.63x | 1.76x | 0.45x | 1.39x | 2.22x |
| Quick Ratio | 1.16x | 1.20x | 0.83x | 0.97x | 0.93x | 0.83x | 0.89x | 1.14x | 1.52x | 1.18x | 1.20x | 1.21x | 1.52x | 1.55x | 0.40x | 1.33x | 2.15x |
| Cash Conversion Cycle | 14.54 | - | - | 13.49 | 19.07 | 23.85 | 28.73 | 38.18 | 49.11 | 31.31 | 28.15 | 32.3 | 25.61 | 34 | 25.54 | 140.02 | 27.81 |
| Total Non-Current Liabilities | 2.88B | 2.87B | 2.27B | 2.37B | 2.71B | 2.77B | 2.9B | 2.16B | 2.17B | 1.05B | 1.07B | 1.05B | 492M | 506M | 1.49B | 1.58B | 2.47B |
| Long-Term Debt | 2.46B | 2.47B | 1.91B | 2.02B | 2.34B | 2.37B | 2.45B | 1.85B | 2.06B | 983M | 1.02B | 1.01B | 457M | 489M | 1M | 1.42B | 2.34B |
| Capital Lease Obligations | 699M | 198M | 173M | 147M | 152M | 192M | 205M | 172M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 485M | 104M | 24M | 0 | 0 | 43M | 2M | 0 | 0 | 23M | 13M | 8M | 19M | 15M | 25M | 0 | 0 |
| Other Non-Current Liabilities | 102M | 100M | 169M | 202M | 214M | 151M | 227M | 123M | 96M | 45M | 38M | 33M | 19M | 2M | 0 | 162M | 135M |
| Total Liabilities | 3.92B | 3.85B | 3.67B | 3.53B | 3.84B | 4.12B | 4.17B | 3.28B | 3.06B | 1.75B | 1.69B | 1.74B | 1.05B | 1.07B | 3.28B | 4.61B | 4.21B |
| Total Debt | 2.67B | 2.71B | 2.39B | 2.25B | 2.53B | 2.71B | 2.72B | 2.09B | 2.09B | 1.02B | 1.05B | 1.07B | 489M | 502M | 3M | 1.97B | 2.34B |
| Net Debt | 2.57B | 2.52B | 2.34B | 2.15B | 2.42B | 2.6B | 2.55B | 1.91B | 1.85B | 880M | 837M | 875M | 188M | 248M | 2M | 380M | 974M |
| Debt / Equity | 1.88x | 1.80x | 1.52x | 1.26x | 1.48x | 1.66x | 1.75x | 1.47x | 1.38x | 3.13x | 3.00x | 2.82x | 1.42x | 1.33x | 0.00x | 0.96x | 1.17x |
| Debt / EBITDA | 3.72x | 4.02x | 3.52x | 2.54x | 3.84x | 4.32x | 4.78x | 4.18x | 7.82x | 3.39x | 3.31x | 3.70x | 1.87x | 2.56x | 0.01x | 6.28x | 2.25x |
| Net Debt / EBITDA | 3.57x | 3.75x | 3.44x | 2.44x | 3.67x | 4.15x | 4.48x | 3.80x | 6.94x | 2.91x | 2.65x | 3.03x | 0.72x | 1.27x | 0.01x | 1.21x | 0.94x |
| Interest Coverage | 4.28x | 3.79x | 3.90x | 6.17x | 4.18x | 4.41x | 3.22x | 4.18x | 4.21x | 5.86x | 5.08x | 5.16x | 14.12x | 26.14x | - | - | 9.93x |
| Total Equity | 1.42B | 1.5B | 1.58B | 1.78B | 1.7B | 1.63B | 1.55B | 1.43B | 1.51B | 327M | 349M | 380M | 345M | 377M | 2.6B | 2.06B | 2.01B |
| Equity Growth % | -23.18% | -4.88% | -11.65% | 4.75% | 4.6% | 4.96% | 8.68% | -5.62% | 362.69% | -6.3% | -8.16% | 10.14% | -8.49% | -85.48% | 25.96% | 2.59% | - |
| Book Value per Share | 32.34 | 32.26 | 31.23 | 33.24 | 30.54 | 28.04 | 26.44 | 24.20 | 34.31 | 7.35 | 7.60 | 8.02 | 7.11 | 7.59 | 7.89 | 6.26 | 5.93 |
| Total Shareholders' Equity | 1.42B | 1.5B | 1.58B | 1.78B | 1.69B | 1.62B | 1.54B | 1.42B | 1.5B | 327M | 349M | 380M | 345M | 377M | 2.6B | 2.06B | 2.01B |
| Common Stock | 0 | 0 | 0 | 0 | 1.69B | 1.62B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 1.42B | 1.49B | 1.56B | 1.43B | 1.03B | 818M | 627M | 506M | 367M | 323M | 260M | 174M | 116M | 30M | 2.37B | 1.84B | 1.78B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 7M | 8M | 12M | 16M | 22M | -37M | -89M | -72M | -14M | 4M | -2M | -9M | -5M | -2M | -2M | -11M | -7M |
| Minority Interest | 0 | 0 | 0 | 0 | 10M | 10M | 10M | 10M | 14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Elevated Debt-to-Equity Ratio
As reported in recent financial statements, SAIC maintains a debt-to-equity ratio of 1.88 as of 2027Q1, reflecting a persistent reliance on external financing that significantly exceeds the leverage profiles of several key industry peers, thereby constraining the company's capacity for future large-scale capital deployment.
The company's debt load, which has remained consistently near $2.7B in recent quarters, suggests a capital structure that prioritizes shareholder returns over balance sheet deleveraging. Investors should monitor whether this elevated leverage profile limits the firm's ability to pursue inorganic growth opportunities or respond to potential contract-related working capital shocks.
Based on the provided balance sheet data, goodwill accounts for approximately $2.9B of SAIC's $5.3B in total assets, indicating that a substantial portion of the company's book value is tied to past acquisitions rather than tangible infrastructure or productive physical capital assets.
This heavy reliance on intangible assets suggests that the company's valuation is highly sensitive to the long-term performance of acquired business units. Should these segments fail to meet growth expectations, the risk of future impairment charges could materially impact the company's equity base and overall financial stability.
According to the latest quarterly filings, SAIC's current ratio stands at 1.16, a figure that has fluctuated significantly over the last ten quarters and suggests a relatively thin margin of safety for meeting short-term obligations in a capital-intensive federal services environment.
The volatility in the current ratio, which dipped as low as 0.78 in 2026Q1, implies that liquidity management is highly dependent on the timing of government contract payments. This reliance may leave the company vulnerable to cash flow disruptions if federal procurement cycles or payment schedules experience unexpected delays.
As indicated by the historical data, SAIC's equity base has seen limited expansion, hovering around $1.4B to $1.8B over the past ten quarters, a trend that appears driven by aggressive share repurchases and dividend distributions that offset the accumulation of retained earnings.
The company's strategy of returning capital to shareholders appears to be a primary driver of its stagnant equity position. While this may signal management's confidence in cash flow durability, it also suggests that the firm is not prioritizing the organic strengthening of its balance sheet through retained capital.
Quick answers to the most common questions about buying SAIC stock.
As of 2026, Science Applications International Corporation (SAIC) had total assets of $5.35B including $1.18B in current assets.
Science Applications International Corporation (SAIC) carries total debt of $2.71B, offset by $182.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Science Applications International Corporation (SAIC) has total shareholders' equity (book value) of $1.50B ($32.26 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Science Applications International Corporation (SAIC) reported a current ratio of 1.20x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.