Mister Car Wash, Inc. Common Stock (MCW)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,101,800 | 3,045,870 | 2,973,150 | 2,925,260 | 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 | 1,977,570 | 1,948,450 |
| Total stockholders’ equity | US$ in thousands | 998,352 | 979,403 | 949,400 | 928,724 | 915,035 | 892,717 | 865,366 | 828,741 | 801,128 | 775,572 | 747,406 | 701,354 | 657,152 | 608,188 | 574,017 | 41,596 | 16,650 |
| Financial leverage ratio | 3.11 | 3.11 | 3.13 | 3.15 | 3.15 | 3.20 | 3.27 | 3.28 | 3.35 | 3.39 | 3.43 | 3.57 | 3.73 | 3.42 | 3.56 | 47.54 | 117.02 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,101,800K ÷ $998,352K
= 3.11
The financial leverage ratio of Mister Car Wash, Inc. Common Stock has exhibited a decreasing trend from December 31, 2020, where it was at a high level of 117.02, to December 31, 2024, with a ratio of 3.11. This indicates a significant reduction in the company's reliance on debt to finance its operations and assets over the years.
The decreasing trend in the financial leverage ratio suggests that Mister Car Wash has been gradually reducing its debt levels relative to its equity, which could indicate improved financial stability and lower financial risk. A lower financial leverage ratio generally implies lower financial risk and greater financial flexibility for the company.
Overall, the declining financial leverage ratio of Mister Car Wash, Inc. Common Stock signals a positive trend towards a more balanced capital structure with a lower dependency on debt financing, which may enhance the company's financial health and resilience in the long term. However, it is essential to monitor future changes in the ratio to assess ongoing levels of leverage and financial risk.
Peer comparison
Dec 31, 2024