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Mercury General Corporation (MCY) |
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Mercury General's Quick Ratio
MCY's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth
Mercury General's Cash & cash equivalent grew by 5.61 % in the IV Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Mercury General's Quick Ratio to 1.71, Quick Ratio remained below Mercury General Corporation average.
Within Property & Casualty Insurance industry 2 other companies have achieved higher Quick Ratio than Mercury General in forth quarter 2023. While Quick Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 132 to 150.
Explain Quick Ratio?
How much Cash & cash equivalents MCY´s has?
What are MCY´s Current Liabilities?
Select the Comparisons :
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Select the Ratio:
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MCY Quick Ratio |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Y / Y Current Liabilities Change |
8.2 % |
11.68 % |
11.72 % |
12.12 % |
10.18 % |
Y / Y Cash & cash equivalent Change |
12.17 % |
10.29 % |
6.95 % |
3.87 % |
-0.14 % |
Quick Ratio MRQ |
1.71 |
1.65 |
1.61 |
1.61 |
1.64 |
MCY's Total
Ranking |
# 150 |
# 132 |
# 1378 |
# 1191 |
# 1364 |
Seq. Current Liabilities Change |
2.44 % |
0.18 % |
1.99 % |
3.38 % |
5.73 % |
Seq. Cash & cash equivalent Change |
5.61 % |
2.97 % |
1.82 % |
1.29 % |
3.85 % |
Quick Ratio forth quarter 2023 Company Ranking |
Within: |
No. |
Property & Casualty Insurance Industry |
# 3 |
Financial Sector |
# 25 |
Overall Market |
# 150 |
Quick Ratio Statistics |
High |
Average |
Low |
3.14 |
2.36 |
1.61 |
(Mar 31 2012) |
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(Jun 30 2023) |
Cumulative Mercury General's Quick Ratio
MCY's Quick Ratio for the trailling 12 Months
MCY Quick Ratio |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Y / Y Current Liabilities TTM Growth |
8.2 % |
11.68 % |
11.72 % |
12.12 % |
10.18 % |
Y / Y Cash & cash equivalent TTM Growth |
12.17 % |
10.29 % |
6.95 % |
3.87 % |
-0.14 % |
Quick Ratio TTM |
1.65 |
1.63 |
1.63 |
1.65 |
1.68 |
Total
Ranking TTM |
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Seq. Current Liabilities TTM Growth |
2.44 % |
0.18 % |
1.99 % |
3.38 % |
5.73 % |
Seq. Cash & cash equivalent TTM Growth |
5.61 % |
2.97 % |
1.82 % |
1.29 % |
3.85 % |
On the trailing twelve months basis MCY Cash & cash equivalent increased by 12.17 % in IV Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Mercury General's Quick Ratio to 1.65, Quick Ratio remained below MCY average. Quick Ratio is the average cumulative value over the last four quarters.
Among companies operating within Property & Casualty Insurance industry 2 other companies have achieved higher Quick Ratio than Mercury General. While Quick Ratio overall ranking has improved so far to 166, from total ranking during the twelve months ending third quarter 2023 at 206.
Explain Quick Ratio?
How much Cash & cash equivalents MCY´s has?
What are MCY´s Current Liabilities?
TTM Quick Ratio Company Ranking |
Within: |
No. |
Within the Property & Casualty Insurance Industry |
# 3 |
Financial Sector |
# 25 |
Within the Market |
# 150 |
trailing twelve months Quick Ratio Statistics |
High |
Average |
Low |
3.14 |
2.36 |
1.61 |
(Mar 31 2012) |
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(Jun 30 2023) |
Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Property & Casualty Insurance Industry | Quick Ratio | Dec 31 2023 MRQ Cash & cash equivalent | Dec 31 2023 MRQ Current Liabilities | Universal Insurance Holdings Inc | 2.59 | $ 1,461.636 Millions | $ 564.663 Millions | American Financial Group Inc | 1.93 | $ 27,508.000 Millions | $ 14,273.000 Millions | Mercury General Corporation | 1.71 | $ 5,048.730 Millions | $ 2,960.921 Millions | Assurant Inc | 1.70 | $ 8,868.200 Millions | $ 5,212.000 Millions | Everest Group Ltd | 1.61 | $ 40,706.000 Millions | $ 25,254.000 Millions | Cincinnati Financial Corporation | 1.52 | $ 13,791.000 Millions | $ 9,050.000 Millions | Rli Corp | 1.46 | $ 3,847.665 Millions | $ 2,630.169 Millions | Selective Insurance Group Inc | 1.44 | $ 7,700.886 Millions | $ 5,343.162 Millions | Travelers Companies inc | 1.36 | $ 83,594.000 Millions | $ 61,627.000 Millions | Kemper Corporation | 1.14 | $ 6,948.000 Millions | $ 6,102.900 Millions | Proassurance Corporation | 1.11 | $ 3,795.280 Millions | $ 3,425.300 Millions | Chubb Limited | 1.05 | $ 111,122.000 Millions | $ 105,678.000 Millions | Axis Capital Holdings Limited | 0.86 | $ 1,563.624 Millions | $ 1,818.812 Millions | Hippo Holdings Inc | 0.84 | $ 490.900 Millions | $ 582.600 Millions | White Mountains Insurance Group ltd | 0.65 | $ 1,089.600 Millions | $ 1,686.200 Millions | Ambac Financial Group Inc | 0.42 | $ 426.000 Millions | $ 1,018.000 Millions | American International Group Inc | 0.40 | $ 24,596.000 Millions | $ 61,932.000 Millions |
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