Mister Car Wash Inc (MCW)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 19,047 | 65,152 | 19,738 |
| Short-term investments | US$ in thousands | — | — | — |
| Total current liabilities | US$ in thousands | 169,561 | 154,493 | 130,229 |
| Cash ratio | 0.11 | 0.42 | 0.15 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($19,047K
+ $—K)
÷ $169,561K
= 0.11
The cash ratio of Mister Car Wash Inc has shown fluctuations over the past three years. In 2021, the cash ratio was 0.22, indicating that the company had $0.22 in cash and cash equivalents for every dollar of current liabilities. This ratio increased significantly to 0.50 in 2022, reflecting improved liquidity and the ability to cover short-term obligations more comfortably. However, in 2023, the cash ratio decreased to 0.18, suggesting a potential decrease in the company's ability to meet its short-term obligations solely from its cash and cash equivalents. It is important for stakeholders to monitor this ratio closely to assess the company's liquidity position and ability to manage its short-term financial commitments.
Peer comparison
Dec 31, 2023