Mercury Systems Inc (MRCY)
Financial leverage ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,434,760 | 2,414,420 | 2,401,460 | 2,368,980 | 2,607,020 | 2,378,180 | 2,436,250 | 2,400,760 | 2,391,370 | 2,383,870 | 2,347,950 | 2,349,040 | 2,303,500 | 2,259,840 | 2,230,770 | 1,965,090 | 1,955,140 | 1,903,320 | 1,949,170 | 1,653,180 |
| Total stockholders’ equity | US$ in thousands | 1,473,460 | 1,451,090 | 1,460,280 | 1,459,840 | 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 |
| Financial leverage ratio | 1.65 | 1.66 | 1.64 | 1.62 | 1.77 | 1.61 | 1.62 | 1.56 | 1.53 | 1.53 | 1.52 | 1.53 | 1.50 | 1.51 | 1.50 | 1.33 | 1.32 | 1.31 | 1.36 | 1.17 |
June 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,434,760K ÷ $1,473,460K
= 1.65
The financial leverage ratio of Mercury Systems Inc. demonstrates a generally increasing trend from September 30, 2020, through June 30, 2025. Initially, the ratio stood at 1.17, indicating lower reliance on debt relative to equity. During the subsequent quarters, there was a notable upward movement, reaching 1.36 by December 31, 2020, and stabilizing around 1.31 to 1.33 through March and June 2021.
From the latter part of 2021 onwards, the ratio exhibited a steady increase, culminating at approximately 1.53 by September 30, 2022, and maintaining a similar level through December 2022 and March 2023. A slight stabilization occurred, with the ratio hovering around 1.53 during 2023, suggesting a consistent leverage position. However, starting in June 2024, a sharp rise is observed, with the ratio escalating to 1.77 by June 30, 2024, its peak within this period.
This increase indicates a greater utilization of debt relative to equity, which could reflect strategic financial decisions to finance growth or acquisitions. Post-June 2024, the ratio shows some decline and stabilization around 1.62 to 1.66 through the end of the observation period, suggesting a potential adjustment or rebalancing of the company's capital structure.
Overall, the trend indicates an increased leverage stance over time, implying higher financial risk but possibly supporting growth initiatives or capital expansion efforts. The consistent upward trajectory and periods of stabilization reflect a deliberate or responsive approach to capital structuring within the observed timeframe.
Peer comparison
Jun 30, 2025