Mercury Systems Inc (MRCY)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 953,784 | 951,509 | 983,821 | 954,704 | 937,018 | 937,875 | 896,881 | 878,805 | 815,252 | 755,045 | 708,792 | 661,685 | 643,100 | 626,941 | 645,733 | 676,705 | 634,769 | 795,393 | 545,109 | 503,041 |
| 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 |
| Current ratio | 4.07 | 4.58 | 4.36 | 4.65 | 4.02 | 4.26 | 4.47 | 4.83 | 4.20 | 4.13 | 4.33 | 3.95 | 4.26 | 3.85 | 3.05 | 4.62 | 5.04 | 6.52 | 5.05 | 5.35 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $953,784K ÷ $234,416K
= 4.07
Mercury Systems Inc has maintained a generally healthy current ratio over the past few quarters. The current ratio, which measures the company's ability to meet short-term financial obligations, has consistently been above 1, indicating that Mercury Systems Inc has more than enough current assets to cover its current liabilities.
The current ratio has fluctuated within a relatively narrow range between 3.05 and 6.52 over the past few years, with the latest value being 4.07 as of June 30, 2024. This suggests that the company has a strong short-term liquidity position, with 4.07 times more current assets than current liabilities.
The upward trend in the current ratio from 2020 to 2023 indicates an improvement in the company's liquidity position. However, the slight decrease in the current ratio from March 31, 2024, to June 30, 2024, may be worth monitoring to ensure that the company can continue to meet its short-term obligations without issue.
Overall, based on the current ratio trend, Mercury Systems Inc appears to have a solid liquidity position and ability to meet its short-term obligations.
Peer comparison
Jun 30, 2024