Monro Muffler Brake Inc (MNRO)
Cash ratio
| Mar 31, 2024 | Dec 23, 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 6,561 | 23,846 | 9,053 | 15,316 | 4,884 | 12,999 | 9,794 | 30,648 | 7,948 | 9,514 | 6,643 | 16,878 | 29,960 | 24,959 | 81,453 | 147,174 | 345 | 8,826 | 6,050 | 8,513 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 455,156 | 486,632 | 472,367 | 480,677 | 449,177 | 427,349 | 385,161 | 369,814 | 321,964 | 312,121 | 310,905 | 320,260 | 290,616 | 310,546 | 298,315 | 281,776 | 254,936 | 272,728 | 261,744 | 263,797 |
| Cash ratio | 0.01 | 0.05 | 0.02 | 0.03 | 0.01 | 0.03 | 0.03 | 0.08 | 0.02 | 0.03 | 0.02 | 0.05 | 0.10 | 0.08 | 0.27 | 0.52 | 0.00 | 0.03 | 0.02 | 0.03 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($6,561K
+ $—K)
÷ $455,156K
= 0.01
The cash ratio of Monro Muffler Brake Inc has fluctuated over the past several quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
Looking at the data provided, the trend in the cash ratio shows variability with values ranging from very low levels (0.00 and 0.01) to moderate (0.02 and 0.03) to higher levels (0.08, 0.27, and 0.52). In general, a higher cash ratio indicates a stronger ability to cover short-term obligations with cash on hand.
It is important to note that a very low cash ratio may indicate liquidity issues, while a very high cash ratio may suggest that the company is not effectively utilizing its cash. Therefore, a balance needs to be maintained to ensure optimal liquidity and operational efficiency.
Overall, a detailed analysis of the company's cash position and operating cash flows would be necessary to understand the rationale behind the fluctuations in the cash ratio and assess the company's financial health accurately.
Peer comparison
Mar 31, 2024