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Mercury General Corporation  (MCY)
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Mercury General's Working Capital Ratio

MCY's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


In the wake of the increase in Current Liabilities in the forth quarter 2023, Working Capital Ratio fell to 2.37 below Mercury General Corporation average.

Within Property & Casualty Insurance industry 2 other companies have achieved higher Working Capital Ratio than Mercury General in forth quarter 2023. While Working Capital Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 234 to 357.

Explain Working Capital Ratio
How much in Current Assets MCY´s has?
What is the value of MCY´s Current Liabilities?


MCY Working Capital 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 Current Assets Change 20.83 % 18.86 % -5.44 % -8.26 % -9.92 %
Working Capital Ratio MRQ 2.37 2.38 2.09 2.09 2.13
MCY's Total Ranking # 357 # 234 # 2152 # 1706 # 372
Seq. Current Liabilities Change 2.44 % 0.18 % 1.99 % 3.38 % 5.73 %
Seq. Current Assets Change 2.32 % 13.63 % 2.23 % 1.66 % 0.65 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Property & Casualty Insurance Industry # 3
Financial Sector # 42
Overall Market # 357


Working Capital Ratio Statistics
High Average Low
3.84 3.09 2.09
(Mar 31 2014)   (Mar 31 2023)




Financial Statements
Mercury General's Current Liabilities $ 2,961 Millions Visit MCY's Balance sheet
Mercury General's Current Assets $ 7,027 Millions Visit MCY's Balance sheet
Source of MCY's Sales Visit MCY's Sales by Geography


Cumulative Mercury General's Working Capital Ratio

MCY's Working Capital Ratio for the trailling 12 Months

MCY Working Capital 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 Current Assets TTM Growth 20.83 % 18.86 % -5.44 % -8.26 % -9.92 %
Working Capital Ratio TTM 2.24 2.17 2.13 2.23 2.34
Total Ranking TTM # 760 # 462 # 222 # 1408 # 1781
Seq. Current Liabilities TTM Growth 2.44 % 0.18 % 1.99 % 3.38 % 5.73 %
Seq. Current Assets TTM Growth 2.32 % 13.63 % 2.23 % 1.66 % 0.65 %


On the trailing twelve months basis MCY Current Assets grew by 20.83 % in IV Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Mercury General's Working Capital Ratio to 2.24, Working Capital Ratio remained below MCY average.
Working Capital 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 Working Capital Ratio than Mercury General. While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 462 to 760.

Explain Working Capital Ratio
How much in Current Assets MCY´s has?
What is the value of MCY´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Property & Casualty Insurance Industry # 3
Financial Sector # 42
Within the Market # 760


trailing twelve months Working Capital Ratio Statistics
High Average Low
3.84 3.09 2.09
(Mar 31 2014)   (Mar 31 2023)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Property & Casualty Insurance Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Universal Insurance Holdings Inc   2.98 $ 1,680.738  Millions$ 564.663  Millions
Kinsale Capital Group Inc   2.74 $ 253.425  Millions$ 92.504  Millions
Mercury General Corporation  2.37 $ 7,027.448  Millions$ 2,960.921  Millions
Ambac Financial Group Inc   2.27 $ 2,310.000  Millions$ 1,018.000  Millions
American Financial Group Inc   2.24 $ 31,985.000  Millions$ 14,273.000  Millions
Assurant Inc   2.15 $ 11,230.800  Millions$ 5,212.000  Millions
Everest Group Ltd   1.62 $ 40,870.000  Millions$ 25,254.000  Millions
Hippo Holdings Inc   1.57 $ 917.400  Millions$ 582.600  Millions
Selective Insurance Group Inc   1.56 $ 8,357.420  Millions$ 5,343.162  Millions
Cincinnati Financial Corporation  1.56 $ 14,146.000  Millions$ 9,050.000  Millions
Rli Corp  1.51 $ 3,959.922  Millions$ 2,630.169  Millions
Travelers Companies inc   1.49 $ 91,737.000  Millions$ 61,627.000  Millions
Chubb Limited  1.26 $ 133,627.000  Millions$ 105,678.000  Millions
Kemper Corporation  1.22 $ 7,429.700  Millions$ 6,102.900  Millions
Axis Capital Holdings Limited  1.18 $ 2,148.238  Millions$ 1,818.812  Millions
Proassurance Corporation  1.11 $ 3,816.402  Millions$ 3,425.300  Millions
Progressive Corp  1.00 $ 6,968.700  Millions$ 7,002.200  Millions
Loews Corp  0.73 $ 14,455.000  Millions$ 19,816.000  Millions
Lemonade inc   0.70 $ 184.200  Millions$ 262.300  Millions
Maiden Holdings Ltd   0.69 $ 602.505  Millions$ 867.433  Millions
White Mountains Insurance Group ltd   0.66 $ 1,112.700  Millions$ 1,686.200  Millions
American International Group Inc   0.60 $ 37,425.000  Millions$ 61,932.000  Millions

Date modified: 2024-02-17T00:27:06+00:00



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