Mister Car Wash Inc (MCW)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 915,035 | 892,717 | 865,366 | 828,741 | 801,128 | 775,572 | 747,406 | 701,354 | 657,152 | 608,188 | 574,017 |
| Debt-to-capital ratio | 0.50 | 0.50 | 0.51 | 0.52 | 0.53 | 0.54 | 0.54 | 0.56 | 0.58 | 0.50 | 0.51 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $897,424K ÷ ($897,424K + $915,035K)
= 0.50
The debt-to-capital ratio of Mister Car Wash Inc has shown a decreasing trend over the past five quarters, decreasing from 0.53 in Q4 2022 to 0.50 in Q4 2023. This indicates that the company has been gradually reducing its reliance on debt to finance its operations and investments relative to its capital structure. A lower debt-to-capital ratio suggests a more conservative financial position and may imply decreased financial risk for the company. It is important to continue monitoring this ratio in future quarters to assess the company's ongoing debt management strategy and financial health.
Peer comparison
Dec 31, 2023