Mister Car Wash, Inc. Common Stock (MCW)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 67,463 | 19,047 | 65,152 | 19,738 | 114,647 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 186,968 | 169,561 | 154,493 | 130,229 | 122,947 |
| Quick ratio | 0.36 | 0.11 | 0.42 | 0.15 | 0.93 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($67,463K
+ $—K
+ $—K)
÷ $186,968K
= 0.36
The quick ratio of Mister Car Wash, Inc. Common Stock has shown fluctuations over the years based on the provided data. As of December 31, 2020, the quick ratio was 0.93, indicating that the company had $0.93 in liquid assets to cover each dollar of current liabilities.
However, the quick ratio significantly dropped to 0.15 as of December 31, 2021, which might be a cause for concern as it suggests a potential liquidity issue. This means that the company had only $0.15 in liquid assets for every dollar of current liabilities.
The ratio improved to 0.42 by December 31, 2022, but decreased to 0.11 by December 31, 2023, indicating another decline in liquidity. By the end of December 31, 2024, the quick ratio stood at 0.36, showing a slight improvement compared to the previous year.
Overall, the trend in the quick ratio of Mister Car Wash, Inc. Common Stock reveals fluctuations in the company's ability to meet its short-term obligations with its liquid assets. Further analysis and monitoring of the company's liquidity position would be necessary to assess its financial health accurately.
Peer comparison
Dec 31, 2024