Mercury Systems Inc (MRCY)
Current ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 9,286 | 953,784 | 937,018 | 814,332 | 643,100 |
| Total current liabilities | US$ in thousands | 300,377 | 234,416 | 233,264 | 193,927 | 150,823 |
| Current ratio | 0.03 | 4.07 | 4.02 | 4.20 | 4.26 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $9,286K ÷ $300,377K
= 0.03
The current ratio of Mercury Systems Inc has exhibited a general trend of decline over the analyzed period from June 30, 2021, to June 30, 2025. Specifically, the ratio was 4.26 in 2021, indicating that the company had more than four times its current liabilities in current assets at that time. In 2022, the ratio slightly decreased to 4.20, maintaining a strong liquidity position. The downward trend continued into 2023, with the ratio declining to 4.02, suggesting a modest reduction in liquidity cushion but still reflecting a healthy liquidity position.
By June 30, 2024, the current ratio slightly increased to 4.07, indicating a marginal improvement in liquidity compared to 2023. However, a significant change is observed in 2025, where the ratio dramatically dropped to 0.03. This indicates an extremely low level of current assets relative to current liabilities, suggesting a potential liquidity crisis or financial distress emerging in that year.
Overall, the pattern demonstrates a consistent moderation in liquidity over the period, culminating in an almost negligible current ratio in 2025, which warrants further investigation into the company's current asset management and liabilities structure.
Peer comparison
Jun 30, 2025