What is Mesa Laboratories's cash ratio?

Mesa Laboratories (MLAB) reported cash ratio of 0.4× in Q1 2026.

How has Mesa Laboratories's cash ratio changed year-over-year?

Mesa Laboratories's cash ratio increased by 161.1% year-over-year, from 0.2× to 0.4×.

What is the long-term trend for Mesa Laboratories's cash ratio?

Over 3 years (2021 to 2026), Mesa Laboratories's cash ratio has grown at a -62.3% compound annual growth rate (CAGR), from 8.1× to 0.4×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Mesa Laboratories MLAB Cash ratio

Cash ratio at other companies

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0.4×-0.3×

Thermo Fisher ScientificTMO

0.2×-0.1×

DanaherDHR

0.8×+0.5×

STERISSTE

0.4×+0.2×

Bio-Rad LaboratoriesBIO

0.6×-0.5×

Charles River LaboratoriesCRL

0.2×0.0×

Other financials

Income statement

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Revenue$63.7M+2.6%

Gross profit$31.2M-0.5%

Operating income-$664.0K+85.5%

Net income$3.6M+317%

EPS (diluted)-$0.10+63.0%

Balance sheet

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Cash & equivalents$26.9M-1.4%

Total debt$78.7M-53.1%

Total equity$186.2M+16.5%

Total assets$427.7M-1.3%

Cash flow

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Operating cash flow$14.0M+10.2%

CapEx$417.0K-44.9%

Free cash flow$13.5M+13.7%

Valuation

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Market cap$542.27M+3.7%

Enterprise value$594.05M-10.4%

P/S2.2×0.0×

Profitability

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Gross margin56.8%—

Operating margin2.3%—

Net margin1.5%+0.8pp

FCF margin15.9%-1.8pp

Returns & leverage

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Return on equity2.2%+1.1pp

Debt / equity0.4×-0.6×

Current ratio1.7×+1.1×

Where this comes from

Calculated from Mesa Laboratories’s reported figures.

cash and equivalents/total current liabilities=0.4×

Based on the most recent quarter.

The official record: Mesa Laboratories’s 10-K, filed June 3, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mesa Laboratories's cash ratio?: Mesa Laboratories (MLAB) reported cash ratio of 0.4× in Q1 2026.
How has Mesa Laboratories's cash ratio changed year-over-year?: Mesa Laboratories's cash ratio increased by 161.1% year-over-year, from 0.2× to 0.4×.
What is the long-term trend for Mesa Laboratories's cash ratio?: Over 3 years (2021 to 2026), Mesa Laboratories's cash ratio has grown at a -62.3% compound annual growth rate (CAGR), from 8.1× to 0.4×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.