Mister Car Wash Inc (MCW)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | 897,424 | 895,830 | 896,336 |
| Total assets | US$ in thousands | 2,881,540 | 2,686,230 | 2,448,100 |
| Debt-to-assets ratio | 0.31 | 0.33 | 0.37 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $897,424K ÷ $2,881,540K
= 0.31
The debt-to-assets ratio for Mister Car Wash Inc has shown a decreasing trend over the past three years, declining from 0.37 in 2021 to 0.32 in 2023. This indicates that the company has been successful in reducing its reliance on debt to finance its assets over time, which can be viewed positively by investors and creditors. A lower debt-to-assets ratio suggests that the company has a stronger financial position and is less risky in terms of debt obligations. Overall, this trend reflects a more conservative approach towards managing debt and leveraging assets to support the company's operations and growth.
Peer comparison
Dec 31, 2023