Mercury Systems Inc (MRCY)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,058,180 | 1,019,500 | 990,684 | 954,316 | 953,784 | 951,509 | 983,821 | 954,704 | 937,018 | 937,875 | 896,881 | 878,805 | 814,332 | 755,045 | 708,792 | 661,685 | 643,100 | 626,941 | 645,733 | 676,705 |
| 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 |
| Current ratio | 3.52 | 3.44 | 3.62 | 4.10 | 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 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,058,180K ÷ $300,377K
= 3.52
The current ratio of Mercury Systems Inc. has generally been stable and consistently high over the analyzed period, indicating a robust liquidity position. As of September 30, 2020, the ratio stood at 4.62, reflecting substantial current assets relative to current liabilities. This ratio experienced some fluctuations but remained above 3.0 throughout the subsequent periods, signifying sustained liquidity.
From December 31, 2020, through September 30, 2021, the current ratio declined slightly from 3.05 to 3.95, yet it maintained a comfortable margin above 3.0. During this period, the ratio exhibited minor oscillations, suggesting steady liquidity management. The upward trend resumed in late 2021 and early 2022, reaching a peak of 4.83 as of September 30, 2022. This peak indicates increased liquidity relative to current liabilities, possibly due to growing current assets or decreased current liabilities.
In the subsequent periods, the current ratio demonstrated slight variations but generally remained within a high range between approximately 4.02 and 4.58, reflecting continued strong liquidity. Notably, as of December 31, 2022, the ratio was 4.47, and it persisted at similar levels into early 2023. A slight decline to 4.26 in March 2023 and further to 4.02 in June 2023 indicates minor adjustments but still within a healthy range.
The ratio increased again to 4.65 as of September 30, 2023, reaffirming a resilient liquidity position. Later periods show some decline, with the ratio decreasing to 4.36 at December 31, 2023, and further to 4.10 as of September 30, 2024. The most recent data points to a ratio of 3.62 in December 2024, with a slight recovery to 3.52 in June 2025.
Overall, the data illustrates that Mercury Systems Inc. maintains a consistently high current ratio well above the commonly accepted benchmark of 1.0, suggesting ample short-term liquidity. The fluctuations observed over time are relatively minor and do not signify liquidity concerns. Instead, they might reflect normal operational adjustments, changes in working capital, or strategic financial management to optimize liquidity and asset utilization.
Peer comparison
Jun 30, 2025