Mister Car Wash, Inc. Common Stock (MCW)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Mister Car Wash, Inc. Common Stock shows strong solvency ratios based on the provided data. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio remain consistently at 0.00 across all the reporting periods from December 31, 2020, to December 31, 2024. This indicates that the company has no debt obligations relative to its total assets, capital, or equity, suggesting a low risk of financial distress.
The Financial leverage ratio, which measures the extent of a company's financial leverage, shows a decreasing trend over the same period. Starting at 117.02 on December 31, 2020, the ratio decreased to 3.11 by December 31, 2024. This declining trend signifies that the company is relying less on debt financing and more on equity financing, which can enhance financial stability and reduce the risk of insolvency.
Overall, the solvency ratios of Mister Car Wash, Inc. Common Stock suggest a financially healthy and stable position, with no significant debt burden and a gradual shift towards a more equity-based financing structure over the years.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
The Interest Coverage ratio for Mister Car Wash, Inc. Common Stock has shown fluctuations over the years. It started at 2.24 on December 31, 2020, improved to 2.70 by March 31, 2021, indicating the company's ability to cover its interest expenses comfortably. However, the ratio declined significantly to 0.17 on June 30, 2021, and turned negative in the following quarters, reaching its lowest point of -3.51 on March 31, 2022. This negative trend suggests that the company may have been facing challenges in meeting its interest obligations from its operating earnings.
Subsequently, Mister Car Wash managed to improve its interest coverage, with the ratio increasing to 2.26 by September 30, 2024, reflecting a better ability to handle its interest payments. The ratio fluctuated in the following quarters but generally stayed above 1.0, which indicates the company's earnings are sufficient to cover its interest charges. It peaked at 2.26 on September 30, 2024, before decreasing slightly to 2.23 by December 31, 2024.
Overall, the improvement in interest coverage from the negative territory to above 1.0 in the later quarters suggests that Mister Car Wash made efforts to enhance its profitability and manage its interest obligations more effectively. However, consistent monitoring is advisable to ensure sustained financial stability.