Monro Muffler Brake Inc (MNRO)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 102,000 | 105,000 | 176,466 | 190,000 | 566,400 |
| Total assets | US$ in thousands | 1,692,810 | 1,776,880 | 1,871,410 | 1,811,810 | 2,049,460 |
| Debt-to-assets ratio | 0.06 | 0.06 | 0.09 | 0.10 | 0.28 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $102,000K ÷ $1,692,810K
= 0.06
Monro Muffler Brake Inc's debt-to-assets ratio has shown a decreasing trend over the past five years, indicating the company has been effectively utilizing its assets to generate revenue and profits while managing its debt levels. The ratio decreased from 0.28 in 2020 to 0.06 in 2024, suggesting significant improvements in the company's debt management and asset utilization strategies.
A lower debt-to-assets ratio signifies a lower financial risk for the company, as it indicates a smaller proportion of assets financed by debt, which could lead to lower interest expenses and greater financial stability. It also generally reflects positively on the company's ability to generate sufficient profits from its assets to cover its debt obligations.
Overall, the decreasing trend in Monro Muffler Brake Inc's debt-to-assets ratio indicates a positive financial performance and effective management of debt levels, which could contribute to the company's long-term financial health and sustainability.
Peer comparison
Mar 31, 2024