Mister Car Wash Inc (MCW)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 897,424 | 897,022 | 896,620 | 896,223 | 895,830 | 895,428 | 895,027 | 894,629 | 896,336 | 601,723 | 603,649 |
| Total assets | US$ in thousands | 2,881,540 | 2,859,670 | 2,830,560 | 2,717,340 | 2,686,230 | 2,631,490 | 2,560,960 | 2,502,880 | 2,448,100 | 2,079,570 | 2,043,530 |
| Debt-to-assets ratio | 0.31 | 0.31 | 0.32 | 0.33 | 0.33 | 0.34 | 0.35 | 0.36 | 0.37 | 0.29 | 0.30 |
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 remained relatively stable over the past five quarters, ranging from 0.32 to 0.34. This ratio indicates that, on average, around 32% to 34% of the company's assets are financed by debt. A lower ratio suggests lower financial risk, as the company relies less on debt to finance its operations and investments. It is positive to see that the company has maintained a conservative level of debt relative to its assets, which indicates a prudent approach to capital structure management. However, it is essential to continue monitoring this ratio to ensure that the company's debt levels remain sustainable and in line with its overall financial health and risk tolerance.
Peer comparison
Dec 31, 2023