Mister Car Wash Inc (MCW)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 60,894 | 105,291 | 181,530 | 104,017 | 106,137 | 112,460 | 75,817 | 101,154 | 58,844 | 190,002 | 181,403 |
| 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 |
| Current ratio | 0.36 | 0.60 | 0.97 | 0.68 | 0.69 | 0.79 | 0.56 | 0.71 | 0.45 | 1.39 | 1.31 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $60,894K ÷ $169,561K
= 0.36
The current ratio of Mister Car Wash Inc has fluctuated over the past five quarters, ranging from a low of 0.36 in Q4 2023 to a high of 0.97 in Q2 2023. The current ratio indicates the company's ability to meet its short-term obligations with its current assets. A ratio below 1 suggests that the company may have difficulty meeting its current obligations.
The significant decline in the current ratio from Q3 2023 to Q4 2023 could indicate potential liquidity issues or challenges in managing short-term obligations. It is important for the company to closely monitor its current assets and liabilities to ensure they are effectively managed to maintain a healthy current ratio. Further analysis of the components of current assets and liabilities may provide additional insights into the company's liquidity position.
Peer comparison
Dec 31, 2023