Mister Car Wash Inc (MCW)
Debt-to-equity 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-equity ratio | 0.98 | 1.00 | 1.04 | 1.08 | 1.12 | 1.15 | 1.20 | 1.28 | 1.36 | 0.99 | 1.05 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $897,424K ÷ $915,035K
= 0.98
The debt-to-equity ratio of Mister Car Wash Inc has been consistently increasing over the past five quarters, indicating a higher reliance on debt financing in relation to equity. The ratio has risen from 1.00 in Q4 2022 to 1.14 in Q4 2023. This trend suggests that the company may be taking on more debt to fund its operations or expansion activities, potentially increasing its financial risk. It is important for stakeholders to closely monitor this ratio to assess the company's ability to manage its debt levels effectively and maintain a healthy balance between debt and equity.
Peer comparison
Dec 31, 2023