Mister Car Wash Inc (MCW)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 3.15 | 3.20 | 3.27 | 3.28 | 3.35 | 3.39 | 3.43 | 3.57 | 3.73 | 3.42 | 3.56 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,881,540K ÷ $915,035K
= 3.15
The financial leverage ratio of Mister Car Wash Inc has been relatively stable over the past five quarters, ranging from 3.15 to 3.35. This implies that the company uses a considerable amount of debt to finance its operations compared to its equity. A high financial leverage ratio can indicate a higher level of financial risk, as the company may have higher interest payments and be more vulnerable to economic downturns. It is important for investors and stakeholders to monitor this ratio closely to assess the company's ability to manage its debt levels and financial risk effectively.
Peer comparison
Dec 31, 2023