Mercury Systems Inc (MRCY)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 591,500 | 616,500 | 616,500 | 576,500 | 511,500 | 511,500 | 511,500 | 511,500 | 451,500 | — | 451,500 | — | 200,000 | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 2,378,900 | 2,378,180 | 2,436,250 | 2,400,760 | 2,391,370 | 2,383,870 | 2,347,950 | 2,349,040 | 2,304,420 | 2,259,840 | 2,230,770 | 1,965,090 | 1,955,140 | 1,903,320 | 1,949,170 | 1,653,180 | 1,610,720 | 1,771,640 | 1,512,620 | 1,473,850 |
| Debt-to-assets ratio | 0.25 | 0.26 | 0.25 | 0.24 | 0.21 | 0.21 | 0.22 | 0.22 | 0.20 | 0.00 | 0.20 | 0.00 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $591,500K ÷ $2,378,900K
= 0.25
The debt-to-assets ratio of Mercury Systems Inc has been relatively stable over the past few quarters, ranging from 0.20 to 0.26. This ratio indicates the proportion of the company's assets that are financed by debt. A lower ratio suggests that the company relies less on debt financing, which can be viewed positively as it indicates lower financial risk.
Notably, there are instances where the ratio dropped to 0.00 in certain quarters, suggesting that the company either reduced its debt levels significantly or had a significant increase in its asset base. While having a lower debt-to-assets ratio is generally favorable, having it drop to 0.00 in some quarters may indicate a potential anomaly in the data or a strategic shift in the company's capital structure during those periods.
Overall, the trend of the debt-to-assets ratio for Mercury Systems Inc demonstrates prudent financial management in maintaining a reasonable balance between debt and assets to support its operations and growth.
Peer comparison
Jun 30, 2024