Monro Muffler Brake Inc (MNRO)
Cash ratio
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Dec 23, 2023 | Sep 30, 2023 | Sep 23, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | — | 10,161 | 20,859 | 18,665 | 6,561 | 23,846 | 23,846 | 9,053 | 9,053 | 15,316 | 4,884 | 12,999 | 9,794 | 30,648 | 7,948 | 9,514 | 6,643 | 16,878 | 29,960 | 24,959 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 524,290 | 507,713 | 501,566 | 468,654 | 455,156 | 486,632 | 486,632 | 472,367 | 472,367 | 480,677 | 449,177 | 427,349 | 385,161 | 369,814 | 321,964 | 312,121 | 310,905 | 320,260 | 290,616 | 310,546 |
| Cash ratio | 0.00 | 0.02 | 0.04 | 0.04 | 0.01 | 0.05 | 0.05 | 0.02 | 0.02 | 0.03 | 0.01 | 0.03 | 0.03 | 0.08 | 0.02 | 0.03 | 0.02 | 0.05 | 0.10 | 0.08 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($—K
+ $—K)
÷ $524,290K
= 0.00
The cash ratio of Monro Muffler Brake Inc has varied over the period from December 31, 2020, to March 31, 2025, ranging from a low of 0.00 to a high of 0.10. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without needing to rely on external sources of funding.
Looking at the trend in Monro Muffler Brake Inc's cash ratio, we observe fluctuations in the ratio over the periods analyzed. The ratio decreased from 0.08 on December 31, 2020, to 0.02 on September 30, 2021, reflecting a decline in the company's ability to cover its short-term obligations with cash. However, the ratio increased to 0.08 on June 30, 2022, showing an improvement in liquidity.
Further fluctuations were observed in subsequent periods, with the cash ratio dropping to as low as 0.00 on March 31, 2025. A cash ratio of 0.00 indicates that the company does not have sufficient cash and cash equivalents to cover its current liabilities.
Overall, Monro Muffler Brake Inc's cash ratio has shown variability over time, indicating fluctuations in the company's ability to meet short-term obligations solely with its available cash resources. Investors may monitor these trends to assess the company's liquidity position and its ability to weather potential financial challenges.
Peer comparison
Mar 31, 2025