Maplebear Inc. (CART)
Solvency ratios
| 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 | Sep 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | — | — | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 |
| Financial leverage ratio | 1.33 | 1.37 | 1.25 | 1.23 | 1.20 | 1.27 | 19.83 | 1.28 | — | 1.33 | 1.37 | 0.00 | 1.32 | 1.32 | — | 0.00 | 8.71 |
Maplebear Inc. has shown a consistent and favorable trend in its solvency ratios over the years, indicating a strong financial position. The Debt-to-assets ratio has consistently remained at 0.00 from September 2019 to December 2024, suggesting that the company has no debt obligations in relation to its total assets.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio have also maintained a stable 0.00 from September 2019 to December 2024. This indicates that the company is largely financed by equity capital rather than debt, reducing its financial risk and enhancing financial stability.
The Financial leverage ratio, which provides insight into the proportion of debt in the company's capital structure, shows a significant improvement from a high of 8.71 in September 2019 to a more sustainable range of around 1.20 to 1.37 from March 2023 to December 2024. This reduction in financial leverage signifies that Maplebear Inc. has effectively managed its debt levels and is less reliant on leverage for its operations.
Overall, based on the solvency ratios analyzed, Maplebear Inc. appears to be in a healthy financial position with low debt levels and a strong capital structure, which bodes well for its long-term financial sustainability.
Coverage ratios
| 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 | Sep 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | -3.38 | 13.10 | 3.11 | 2.02 |
Maplebear Inc.'s interest coverage ratio fluctuated over the periods provided. The trend shows varying levels of ability to cover interest expenses with operating income.
As of September 30, 2019, Maplebear had an interest coverage ratio of 2.02, indicating that the company generated operating income more than twice the amount needed to cover its interest expenses. This suggests a moderate ability to meet interest obligations.
By March 31, 2021, the interest coverage ratio improved to 3.11, indicating a stronger ability to cover interest expenses. The company's operating income increased relative to its interest payments.
In June 30, 2021, the interest coverage significantly improved to 13.10, reflecting a substantial improvement in Maplebear's capacity to service its debt obligations. This indicates a significant increase in operating income relative to interest expenses.
However, by September 30, 2021, the interest coverage ratio turned negative at -3.38. A negative interest coverage ratio raises concerns about Maplebear's financial health as it suggests that the company's operating income was insufficient to cover interest expenses.
Moreover, the data for the subsequent periods beyond 2021 is not available, indicating a lack of information to assess Maplebear's interest coverage ratio for those periods.
In conclusion, Maplebear Inc.'s interest coverage ratio showed significant fluctuations over the analyzed periods, with varying levels of ability to cover interest expenses. The negative ratio in September 30, 2021, raises concerns about the company's financial stability and ability to meet its debt obligations. Further monitoring and analysis of subsequent financial data would be necessary to understand the company's current financial position accurately.