Mister Car Wash Inc (MCW)
Cash ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 19,047 | 62,133 | 136,095 | 69,903 | 65,152 | 74,885 | 37,724 | 70,261 | 19,738 | 162,232 | 154,972 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 1,206 | 3,375 | — | — | — | — |
| Total current liabilities | US$ in thousands | 169,561 | 174,945 | 187,108 | 153,620 | 154,493 | 141,823 | 135,863 | 141,687 | 130,229 | 136,813 | 138,311 |
| Cash ratio | 0.11 | 0.36 | 0.73 | 0.46 | 0.42 | 0.54 | 0.30 | 0.50 | 0.15 | 1.19 | 1.12 |
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 some fluctuations over the past five quarters. In Q2 2023, the cash ratio was at its highest point of 0.79, indicating that the company had a significant amount of cash and cash equivalents compared to its current liabilities. This could suggest a strong liquidity position, providing the company with the ability to meet its short-term obligations comfortably.
However, in Q4 2023, the cash ratio dropped to 0.18, the lowest point in the data provided. This significant decrease may raise concerns about the company's liquidity position and its ability to cover its short-term liabilities solely with cash and cash equivalents. It is important to investigate the reasons behind this decline and assess the potential impact on the company's financial health and stability.
Overall, while the cash ratio of Mister Car Wash Inc has fluctuated over the quarters, it is crucial for stakeholders to closely monitor this ratio to ensure the company maintains a healthy liquidity position.
Peer comparison
Dec 31, 2023