Monro Muffler Brake Inc (MNRO)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | 808 | 20 | — | — | — | — | — | — | — | 2,213 | 3,085 | 10,844 | 6,764 | 6,688 | 7,345 | 8,056 | 1,652 | 1,792 | — |
| 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 |
| Quick ratio | 0.01 | 0.05 | 0.02 | 0.03 | 0.01 | 0.03 | 0.03 | 0.08 | 0.02 | 0.03 | 0.03 | 0.06 | 0.14 | 0.10 | 0.30 | 0.55 | 0.03 | 0.04 | 0.03 | 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 shown significant variability over the periods examined. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates stronger liquidity and a better ability to cover short-term liabilities.
Looking at the data provided, the quick ratio of Monro Muffler Brake Inc has fluctuated between 0.01 and 0.55 over the period. A quick ratio of 0.01 indicates that the company has very limited liquid assets to cover its current liabilities which may pose a risk. On the other hand, a quick ratio of 0.55 is relatively high and suggests the company has a strong ability to meet its short-term obligations with its quick assets.
The trend in the quick ratio shows variability, with some periods showing improved liquidity while others indicate poorer liquidity. It is essential for investors and analysts to further investigate the reasons behind the fluctuation in the quick ratio to assess the company's overall financial health and ability to manage its short-term obligations effectively.
Peer comparison
Mar 31, 2024