Mercury Systems Inc (MRCY)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 309,099 | 269,822 | 242,565 | 158,123 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1,964 |
| Total current liabilities | US$ in thousands | 300,377 | 296,564 | 273,533 | 232,794 | 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 |
| Cash ratio | 1.03 | 0.91 | 0.89 | 0.68 | 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 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($309,099K
+ $—K)
÷ $300,377K
= 1.03
The cash ratio of Mercury Systems Inc. reflects a variable trend over the course of several quarters from September 2020 to June 2025. Initially, the ratio demonstrated a significant peak at 1.64 as of September 30, 2020, indicating a strong liquidity position with a substantial amount of cash relative to current liabilities. Subsequently, the ratio experienced a decline, reaching a low of 0.29 by March 31, 2022, which suggests a reduction in cash holdings in relation to current liabilities and potentially a shift towards using cash for operational needs or investments.
Following this trough, the cash ratio exhibited a gradual and consistent upward trajectory, culminating in a value of 1.03 as of June 30, 2025. This upward trend signifies a recovery and strengthening of cash reserves relative to short-term liabilities, indicating improved liquidity management and possibly a strategic accumulation of cash reserves. The ratio’s fluctuations over this period suggest periods of liquidity optimization, strategic cash use, and subsequent replenishment.
Overall, Mercury Systems Inc.'s cash ratio has shown considerable fluctuation but demonstrates a notable increase toward the most recent periods, indicating a trend towards enhanced liquidity and an improved ability to meet short-term obligations with readily available cash.
Peer comparison
Jun 30, 2025