Mercury Systems Inc (MRCY)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,472,780 | 1,472,790 | 1,504,490 | 1,540,810 | 1,566,680 | 1,560,900 | 1,544,090 | 1,538,930 | 1,537,180 | 1,500,440 | 1,487,120 | 1,479,480 | 1,484,150 | 1,453,980 | 1,430,630 | 1,407,890 | 1,384,780 | 1,349,430 | 1,317,060 | 1,295,280 |
| Debt-to-capital ratio | 0.29 | 0.30 | 0.29 | 0.27 | 0.25 | 0.25 | 0.25 | 0.25 | 0.23 | 0.00 | 0.23 | 0.00 | 0.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $591,500K ÷ ($591,500K + $1,472,780K)
= 0.29
The debt-to-capital ratio of Mercury Systems Inc has shown some fluctuations over the periods provided. From March 31, 2022, to September 30, 2022, the company maintained a relatively stable debt-to-capital ratio in the range of 0.23 to 0.25. However, in the subsequent periods, the ratio decreased significantly, with the company reporting a ratio of 0.00 from March 31, 2022, to March 31, 2023.
Subsequently, from December 31, 2023, to June 30, 2024, the debt-to-capital ratio started to increase again, reaching a ratio of 0.30 on March 31, 2024. The ratio then decreased slightly to 0.29 on June 30, 2024. Overall, the trend indicates that the company has been managing its debt levels relative to its capital structure, with periods of stability followed by fluctuations in the ratio.
It is essential for stakeholders to closely monitor the debt-to-capital ratio to assess the company's financial leverage and risk management strategies.
Peer comparison
Jun 30, 2024