Mister Car Wash, Inc. Common Stock (MCW)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 177,315 | 182,473 | 146,845 | 116,866 | 93,390 | 21,996 | 25,588 | 29,918 | 39,765 | 61,221 | 60,862 | -118,187 | -98,645 | -15,867 | 10,174 | 164,116 | 143,494 |
| Interest expense (ttm) | US$ in thousands | 79,488 | 80,892 | 79,339 | 77,380 | 75,104 | 70,010 | 61,010 | 51,477 | 41,895 | 33,036 | 28,653 | 33,631 | 39,424 | 48,084 | 58,284 | 60,773 | 64,009 |
| Interest coverage | 2.23 | 2.26 | 1.85 | 1.51 | 1.24 | 0.31 | 0.42 | 0.58 | 0.95 | 1.85 | 2.12 | -3.51 | -2.50 | -0.33 | 0.17 | 2.70 | 2.24 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $177,315K ÷ $79,488K
= 2.23
The interest coverage ratio for Mister Car Wash, Inc. Common Stock has displayed some fluctuations over the analyzed periods. The company's ability to cover its interest expenses improved from December 31, 2020, to March 31, 2021, reaching a ratio of 2.70. However, there was a significant decline in interest coverage in the following quarters, dropping to as low as -3.51 on March 31, 2022. This negative trend continued until the performance began to recover, with the ratio gradually increasing from June 30, 2022, through December 31, 2024, reaching levels above 1.5. Overall, the interest coverage ratio has shown variability and inconsistency, indicating some challenges in managing the company's interest obligations, although there have been signs of improvement in recent quarters.
Peer comparison
Dec 31, 2024