Mercury Systems Inc (MRCY)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 180,521 | 142,645 | 168,646 | 89,369 | 71,563 | 64,441 | 76,944 | 51,981 | 65,654 | 91,694 | 105,169 | 95,804 | 113,839 | 121,943 | 109,113 | 239,122 | 226,838 | 407,146 | 182,037 | 161,299 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1,964 | 2,007 | — | — | — |
| Receivables | US$ in thousands | 111,441 | 91,785 | 82,737 | 91,448 | 124,729 | 125,562 | 145,855 | 164,210 | 144,494 | — | 126,325 | — | 128,807 | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1.25 | 1.13 | 1.11 | 0.88 | 0.84 | 0.86 | 1.11 | 1.19 | 1.08 | 0.50 | 1.41 | 0.57 | 1.61 | 0.75 | 0.52 | 1.64 | 1.82 | 3.34 | 1.69 | 1.71 |
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 fluctuated over the past several quarters. As of June 30, 2024, the quick ratio stands at 1.25, indicating that the company has $1.25 in liquid assets available to cover each dollar of current liabilities. This suggests the company has a strong ability to meet its short-term obligations using its most liquid assets.
Looking at the trend over the past few quarters, we observe a general improvement from a low of 0.50 in March 2022 to the current level of 1.25 in June 2024. This upward trend indicates that the company has been managing its liquidity more effectively and may have bolstered its short-term financial position.
It is important to note that while a quick ratio above 1.0 is generally considered healthy, a ratio that is too high may indicate an inefficient use of assets. Therefore, it is essential for Mercury Systems Inc to strike a balance between liquidity and asset utilization to ensure optimal financial health in the long term.
Peer comparison
Jun 30, 2024