Mercury Systems Inc (MRCY)
Cash ratio
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 180,521 | 142,645 | 168,646 | 89,369 | 71,563 | 64,441 | 76,944 | 51,981 | 65,654 | 91,694 | 105,169 | 95,804 | 113,839 | 121,943 | 109,113 | 239,122 | 226,838 | 407,146 | 182,037 | 161,299 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1,964 | 2,007 | — | — | — |
| Total current liabilities | US$ in thousands | 234,416 | 207,569 | 225,721 | 205,318 | 233,264 | 220,158 | 200,575 | 182,006 | 193,927 | 182,805 | 163,672 | 167,324 | 150,823 | 162,669 | 211,853 | 146,606 | 125,915 | 122,016 | 107,884 | 94,070 |
| Cash ratio | 0.77 | 0.69 | 0.75 | 0.44 | 0.31 | 0.29 | 0.38 | 0.29 | 0.34 | 0.50 | 0.64 | 0.57 | 0.75 | 0.75 | 0.52 | 1.64 | 1.82 | 3.34 | 1.69 | 1.71 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($180,521K
+ $—K)
÷ $234,416K
= 0.77
The cash ratio of Mercury Systems Inc has shown fluctuations over the past several quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
The cash ratio was relatively low in the recent quarters, ranging between 0.29 to 0.77. In the most recent quarter, the cash ratio improved to 0.77, indicating an increase in the company's ability to cover its short-term liabilities with cash on hand.
It is worth noting that the cash ratio was significantly higher in the quarters ending in September 2020, June 2020, and March 2020, where it ranged between 1.64 to 3.34. These higher ratios suggest that Mercury Systems Inc had a substantial amount of cash relative to its short-term liabilities during that period.
Overall, while the recent quarters show varying levels of liquidity as indicated by the cash ratio, the company has managed to improve its cash position in the most recent quarter compared to the previous ones, potentially enhancing its ability to meet short-term obligations with available cash.
Peer comparison
Jun 30, 2024