Mister Car Wash, Inc. Common Stock (MCW)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 998,352 | 915,035 | 801,128 | 657,152 | 16,650 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $998,352K)
= 0.00
Based on the data provided, Mister Car Wash, Inc. Common Stock has consistently maintained a debt-to-capital ratio of 0.00 over the years 2020 to 2024. This indicates that the company has not utilized debt financing as a significant part of its capital structure during this period. A debt-to-capital ratio of zero means that the company has either zero debt or a negligible amount of debt compared to its total capital, which consists of both debt and equity.
Having a low or zero debt-to-capital ratio can be a positive sign, as it suggests that the company is not heavily reliant on debt to fund its operations or growth. This may indicate a lower financial risk for the company, as it has less debt to repay, especially in challenging economic conditions. However, it's also important to consider that too low or zero debt may mean missed opportunities for leverage and potentially higher returns on equity for shareholders.
Overall, the consistent zero debt-to-capital ratio of Mister Car Wash, Inc. Common Stock suggests a conservative financial approach with limited reliance on debt financing for its capital needs.
Peer comparison
Dec 31, 2024