Monro Muffler Brake Inc (MNRO)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 253,289 | 271,694 | 247,854 | 250,597 | 258,467 | 268,581 | 240,811 | 247,321 | 245,502 | 251,236 | 242,769 | 256,066 | 266,525 | 267,355 | 315,534 | 381,256 | 596,020 | 252,505 | 249,640 | 246,281 |
| 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 |
| Current ratio | 0.56 | 0.56 | 0.52 | 0.52 | 0.58 | 0.63 | 0.63 | 0.67 | 0.76 | 0.80 | 0.78 | 0.80 | 0.92 | 0.86 | 1.06 | 1.35 | 2.34 | 0.93 | 0.95 | 0.93 |
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 fluctuated over the past few quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger liquidity position.
Based on the data provided:
- The current ratio was at its highest in March 2020 at 2.34, indicating a very healthy liquidity position.
- However, the ratio declined significantly to 0.56 in March 2024, which suggests a potential liquidity concern as the company may have difficulty meeting its short-term obligations.
- There was a gradual decline in the current ratio from March 2020 to March 2023, and then some fluctuation around the 0.5 to 0.6 range from March 2023 to March 2024.
Overall, the declining trend in the current ratio raises some concerns about the company's ability to cover its short-term liabilities with its current assets. It would be important for Monro Muffler Brake Inc to closely monitor and manage its liquidity position to ensure the sustainability of its operations.
Peer comparison
Mar 31, 2024