Monro Muffler Brake Inc (MNRO)
Quick ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 6,561 | 4,884 | 7,948 | 29,960 | 345 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | 10,844 | 8,056 |
| Total current liabilities | US$ in thousands | 455,156 | 449,177 | 321,964 | 290,616 | 254,936 |
| Quick ratio | 0.01 | 0.01 | 0.02 | 0.14 | 0.03 |
March 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($6,561K
+ $—K
+ $—K)
÷ $455,156K
= 0.01
The quick ratio of Monro Muffler Brake Inc has exhibited significant fluctuations over the past five years. The ratio was extremely low at 0.01 for both 2024 and 2023, indicating a very limited ability to cover its short-term liabilities with its most liquid assets. This suggests potential liquidity challenges for the company during those years.
In 2022, the quick ratio improved slightly to 0.02, although it remains at a very low level, indicating a continued vulnerability to meeting short-term obligations. The quick ratio saw a notable boost in 2021 to 0.14, signaling a significant improvement in the company's ability to cover its immediate liabilities with its quick assets. This may reflect better liquidity management or increased cash reserves during that period.
However, in 2020, the quick ratio dropped to 0.03, suggesting a decrease in the company's ability to meet short-term obligations efficiently. Overall, the trend in the quick ratio indicates varying levels of liquidity risk for Monro Muffler Brake Inc over the past five years, with potential implications for its financial health and ability to meet obligations in a timely manner.
Peer comparison
Mar 31, 2024