Mercury Systems Inc (MRCY)
Quick ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 180,521 | 71,563 | 65,654 | 113,839 | 226,838 |
| Short-term investments | US$ in thousands | — | — | — | — | 2,007 |
| Receivables | US$ in thousands | 111,441 | 124,729 | 144,494 | 128,807 | 120,438 |
| Total current liabilities | US$ in thousands | 234,416 | 233,264 | 193,927 | 150,823 | 125,915 |
| Quick ratio | 1.25 | 0.84 | 1.08 | 1.61 | 2.77 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($180,521K
+ $—K
+ $111,441K)
÷ $234,416K
= 1.25
The quick ratio of Mercury Systems Inc has demonstrated some fluctuations over the past five years.
In the latest fiscal year ending June 30, 2024, the quick ratio stood at 1.25, indicating that the company had $1.25 in liquid assets available to cover its current liabilities. This suggests a healthier liquidity position compared to the previous year.
However, in the fiscal year ending June 30, 2023, the quick ratio was 0.84, indicating that the company had only $0.84 in liquid assets for every dollar of current liabilities. This could raise concerns about the company's ability to meet its short-term obligations.
In the fiscal years 2022, 2021, and 2020, the quick ratios were 1.08, 1.61, and 2.77, respectively. These ratios suggest that the company had a stronger liquidity position in those years, with more liquid assets available to cover current liabilities.
Overall, the fluctuation in the quick ratio of Mercury Systems Inc over the past five years indicates varying levels of liquidity and ability to meet short-term obligations. It is important for stakeholders to closely monitor this ratio to assess the company's liquidity risk over time.
Peer comparison
Jun 30, 2024