Mercury Systems Inc (MRCY)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 953,784 | 937,018 | 815,252 | 643,100 | 634,769 |
| Total current liabilities | US$ in thousands | 234,416 | 233,264 | 193,927 | 150,823 | 125,915 |
| Current ratio | 4.07 | 4.02 | 4.20 | 4.26 | 5.04 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $953,784K ÷ $234,416K
= 4.07
The current ratio of Mercury Systems Inc has shown a slight fluctuation over the past five years, ranging from 4.02 to 5.04. As of June 30, 2024, the current ratio stands at 4.07, indicating that the company has $4.07 in current assets for every $1 in current liabilities.
A current ratio above 1 suggests that the company has sufficient current assets to cover its short-term obligations. Mercury Systems Inc's current ratio has consistently remained above 4 over the period, indicating a strong liquidity position and the ability to meet its short-term financial obligations comfortably.
Although there has been some variation in the current ratio, the overall trend suggests that the company has maintained a healthy liquidity position over the years. It is important for investors and stakeholders to continue monitoring the current ratio to ensure the company's ability to manage its short-term liabilities effectively.
Peer comparison
Jun 30, 2024