Mister Car Wash, Inc. Common Stock (MCW)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 99,090 | 52,785 | 50,656 | 52,736 | 60,894 | 105,291 | 181,530 | 104,017 | 106,137 | 112,460 | 75,817 | 101,154 | 58,844 | 190,002 | 181,403 | 157,114 | 134,970 |
| 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 |
| Current ratio | 0.53 | 0.27 | 0.28 | 0.30 | 0.36 | 0.60 | 0.97 | 0.68 | 0.69 | 0.79 | 0.56 | 0.71 | 0.45 | 1.39 | 1.31 | 1.29 | 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 shown fluctuations over the periods provided. As of December 31, 2020, the ratio was 1.10, indicating the company had just about enough current assets to cover its current liabilities. The ratio improved in the subsequent periods, reaching its peak at 1.39 on September 30, 2021, suggesting a better ability to meet short-term obligations.
However, there was a significant decline in the current ratio by the end of December 31, 2021, falling to 0.45. This sharp drop may raise concerns about the company's liquidity position and its ability to fulfill immediate financial obligations.
While the ratio did recover in the following quarters, with slight fluctuations, it remained below 1 after December 31, 2021. A current ratio below 1 generally indicates that a company may have difficulty covering its short-term liabilities with its current assets, which can be a potential red flag for investors and creditors.
Overall, the trend in Mister Car Wash, Inc. Common Stock's current ratio shows variability and highlights the importance of closely monitoring the company's liquidity position to ensure it can sustain its operations effectively in the short term.
Peer comparison
Dec 31, 2024