Mercury Systems Inc (MRCY)
Debt-to-equity 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-equity ratio | 0.40 | 0.42 | 0.41 | 0.37 | 0.33 | 0.33 | 0.33 | 0.33 | 0.29 | 0.00 | 0.30 | 0.00 | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $591,500K ÷ $1,472,780K
= 0.40
Mercury Systems Inc's debt-to-equity ratio has shown fluctuations over the past several quarters. The ratio stood at 0.40 as of June 30, 2024, reflecting a moderate level of debt relative to equity. The ratio has been fairly stable around the 0.30 levels in recent quarters, indicating a conservative capital structure with a higher proportion of equity financing compared to debt. Notably, the company reported a debt-to-equity ratio of 0.00 in several quarters, suggesting either temporary changes in the company's capital structure or potentially the repayment of debt.
Overall, the trend in the debt-to-equity ratio for Mercury Systems Inc indicates a relatively prudent approach to managing its financial leverage, with a focus on maintaining a balanced capital structure. It is important to consider additional factors such as the company's industry norms, overall financial health, and future growth prospects to gain a more comprehensive understanding of its financing strategy and risk profile.
Peer comparison
Jun 30, 2024