Mister Car Wash, Inc. Common Stock (MCW)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 99,090 | 60,894 | 106,137 | 58,844 | 134,970 |
| Total current liabilities | US$ in thousands | 186,968 | 169,561 | 154,493 | 130,229 | 122,947 |
| Current ratio | 0.53 | 0.36 | 0.69 | 0.45 | 1.10 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $99,090K ÷ $186,968K
= 0.53
The current ratio of Mister Car Wash, Inc. Common Stock has varied significantly over the past five years. As of December 31, 2020, the current ratio stood at 1.10, indicating a healthy liquidity position with current assets exceeding current liabilities. However, there has been a notable decline in the current ratio in subsequent years. By December 31, 2021, the ratio dropped to 0.45, suggesting a potential liquidity strain as current liabilities surpassed current assets.
Although there was a slight improvement in the current ratio to 0.69 by December 31, 2022, it still remained below the industry average, signaling ongoing liquidity challenges. The ratio experienced a significant drop to 0.36 by December 31, 2023, indicating a further deterioration in the liquidity position and heightened risk of potential difficulties in meeting short-term obligations.
By December 31, 2024, the current ratio showed a slight recovery to 0.53, but it remained below the desirable level of 1. This ongoing downward trend in the current ratio highlights the importance of closely monitoring the company's liquidity position and implementing strategies to improve short-term liquidity to ensure sustainable operations.
Peer comparison
Dec 31, 2024