Mercury Systems Inc (MRCY)
Quick ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | -3,577 | 180,521 | 71,563 | 65,654 | 113,839 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 388,063 | 415,470 | 507,287 | 447,850 | 291,728 |
| Total current liabilities | US$ in thousands | 300,377 | 234,416 | 233,264 | 193,927 | 150,823 |
| Quick ratio | 1.28 | 2.54 | 2.48 | 2.65 | 2.69 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($-3,577K
+ $—K
+ $388,063K)
÷ $300,377K
= 1.28
The quick ratio of Mercury Systems Inc. demonstrates a generally stable liquidity position over the period from June 30, 2021, to June 30, 2025.
In 2021, the quick ratio stood at 2.69, indicating that the company's liquid assets were approximately 2.69 times its current liabilities, reflecting a strong liquidity buffer. This ratio remained relatively high in 2022 at 2.65, suggesting consistent short-term liquidity strength.
By 2023, the quick ratio experienced a slight decline to 2.48, which, while lower than the previous years, still signifies a solid liquidity position with ample liquid assets to coverCurrent liabilities. The ratio saw a marginal increase to 2.54 in 2024, indicating a slight improvement in liquidity albeit not reaching the earlier peak levels.
However, a notable decline is observed in 2025, where the quick ratio drops sharply to 1.28. This significant decrease suggests a weakening in the company's short-term liquidity position, potentially due to a reduction in liquid assets or an increase in current liabilities.
Overall, the trend indicates a gradual decline in liquidity over the analyzed period, culminating in a much lower ratio in 2025. While the ratios prior to 2025 suggest comfortable liquidity levels, the sharp decrease in that year warrants further investigation into the factors impacting the company's liquid assets and short-term obligations.
Peer comparison
Jun 30, 2025