Monro Muffler Brake Inc (MNRO)
Current ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 253,289 | 258,467 | 245,502 | 266,525 | 596,020 |
| Total current liabilities | US$ in thousands | 455,156 | 449,177 | 321,964 | 290,616 | 254,936 |
| Current ratio | 0.56 | 0.58 | 0.76 | 0.92 | 2.34 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $253,289K ÷ $455,156K
= 0.56
The current ratio of Monro Muffler Brake Inc has exhibited a decreasing trend over the past five years, declining from 2.34 in March 2020 to 0.56 in March 2024. This indicates a significant deterioration in the company's short-term liquidity position. A current ratio below 1 implies that the company may have difficulty meeting its short-term obligations with its current assets, potentially raising concerns about its financial health and ability to cover immediate liabilities. It is essential for stakeholders to closely monitor the company's liquidity management and take necessary actions to improve its current ratio for sustained financial stability and operational resilience.
Peer comparison
Mar 31, 2024