Mister Car Wash, Inc. Common Stock (MCW)
Cash ratio
| 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 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 67,463 | 16,478 | 3,754 | 10,817 | 19,047 | 62,133 | 136,095 | 69,903 | 65,152 | 74,885 | 37,724 | 70,261 | 19,738 | 162,232 | 154,972 | 135,263 | 114,647 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 1,206 | 3,375 | 2,818 | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 186,968 | 193,668 | 179,950 | 174,669 | 169,561 | 174,945 | 187,108 | 153,620 | 154,493 | 141,823 | 135,863 | 141,687 | 130,229 | 136,813 | 138,311 | 121,903 | 122,947 |
| Cash ratio | 0.36 | 0.09 | 0.02 | 0.06 | 0.11 | 0.36 | 0.73 | 0.46 | 0.42 | 0.54 | 0.30 | 0.52 | 0.15 | 1.19 | 1.12 | 1.11 | 0.93 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($67,463K
+ $—K)
÷ $186,968K
= 0.36
The cash ratio of Mister Car Wash, Inc. Common Stock is a metric used to assess the company's ability to cover its short-term liabilities using its cash and cash equivalents. A cash ratio above 1 indicates that the company has enough liquid assets to cover its short-term obligations.
From December 31, 2020, to September 30, 2022, Mister Car Wash, Inc. had a cash ratio above 1, demonstrating a strong ability to cover its short-term liabilities with its cash reserves. However, starting from December 31, 2022, the cash ratio declined significantly, reaching a low of 0.02 on June 30, 2024, indicating a potential liquidity issue or a decrease in the company's cash holdings.
It is essential for investors and stakeholders to closely monitor the trend of Mister Car Wash, Inc.'s cash ratio, as a declining ratio may signal financial challenges or inefficiencies in managing cash flows. Further analysis is required to understand the reasons behind the decline in the cash ratio and its potential impact on the company's overall financial health.
Peer comparison
Dec 31, 2024