Mister Car Wash, Inc. Common Stock (MCW)
Quick 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 | 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 | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
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 shows a fluctuating trend over the years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. In December 2020, the quick ratio was relatively low at 0.93, indicating a potential liquidity concern. However, the ratio improved in the following quarters, reaching a peak of 1.19 in September 2021, which suggests a better ability to cover short-term liabilities.
After September 2021, the quick ratio declined significantly, dropping to 0.11 by the end of December 2023. This steep decrease indicates potential liquidity challenges the company may have faced during this period. Subsequent quarters also show low quick ratios, with a slight improvement to 0.36 by the end of December 2024 but still remaining below the ideal benchmark of 1.
The fluctuations in the quick ratio of Mister Car Wash, Inc. Common Stock suggest varying levels of liquidity and potential difficulties in meeting short-term obligations during certain periods. It would be important for investors and stakeholders to monitor this ratio closely to assess the company's ability to manage its liquidity effectively.
Peer comparison
Dec 31, 2024