Monro Muffler Brake Inc (MNRO)
Solvency ratios
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 0.00 | 2.58 | 2.56 | 2.39 | 2.42 |
Based on the provided solvency ratios for Monro Muffler Brake Inc, we can observe the following:
1. Debt-to-assets ratio: The company has maintained a consistent debt-to-assets ratio of 0.00% from March 31, 2021, to March 31, 2025. This indicates that Monro Muffler Brake's total debt is effectively non-existent in relation to its total assets during this period.
2. Debt-to-capital ratio: Similarly, the debt-to-capital ratio has remained at 0.00% across the same period. This implies that the company's debt constitutes a negligible portion of its capital structure, reflecting a low level of financial leverage.
3. Debt-to-equity ratio: The debt-to-equity ratio also stands at 0.00% consistently from March 31, 2021, to March 31, 2025. This suggests that Monro Muffler Brake relies very little on debt financing in comparison to equity, indicating a low risk of financial distress.
4. Financial leverage ratio: The financial leverage ratio shows a gradual decrease from 2.42 on March 31, 2021, to 0.00 on March 31, 2025. A financial leverage ratio of 0.00 typically signifies that the company has no debt in its capital structure, leading to a potentially lower level of risk and higher financial stability.
Overall, the solvency ratios reflect Monro Muffler Brake Inc's strong financial position with minimal debt obligations, indicating a conservative approach to capital structure management and a stable foundation for future growth and operations.
Coverage ratios
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | |
|---|---|---|---|---|---|
| Interest coverage | — | 3.59 | 3.44 | 0.84 | -0.17 |
Monro Muffler Brake Inc's interest coverage ratio has shown varied trends over the past few years. In March 2021, the company had a negative interest coverage ratio of -0.17, indicating that its operating income was insufficient to cover its interest expenses. However, there has been a positive improvement in subsequent years, as the interest coverage ratio increased to 0.84 in March 2022, and further improved to 3.44 in March 2023 and 3.59 in March 2024.
This upward trend in the interest coverage ratio reflects that Monro Muffler Brake Inc's ability to meet its interest payment obligations has strengthened over time. A ratio above 1 indicates that the company is generating enough operating income to cover its interest expenses, and the increasing trend suggests improved financial health and reduced financial risk.
It is worth noting that the data for March 31, 2025, is not provided (denoted as "—"), which makes it difficult to assess the most recent performance. In conclusion, based on the available data, the interest coverage ratio of Monro Muffler Brake Inc has shown positive improvement from previous years, indicating a better ability to meet its interest payments and manage its financial obligations.