Monro Muffler Brake Inc (MNRO)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 102,000 | 94,000 | 55,000 | 65,000 | 105,000 | 130,000 | 130,000 | 110,000 | 176,466 | 195,000 | 170,000 | 198,000 | 190,000 | 190,000 | 231,300 | 326,200 | 566,400 | 196,985 | 168,912 | 160,000 |
| Total assets | US$ in thousands | 1,692,810 | 1,733,100 | 1,726,770 | 1,754,020 | 1,776,880 | 1,799,180 | 1,789,070 | 1,815,730 | 1,871,410 | 1,889,190 | 1,853,360 | 1,891,770 | 1,811,810 | 1,830,680 | 1,843,480 | 1,898,840 | 2,049,460 | 1,712,210 | 1,620,050 | 1,578,450 |
| Debt-to-assets ratio | 0.06 | 0.05 | 0.03 | 0.04 | 0.06 | 0.07 | 0.07 | 0.06 | 0.09 | 0.10 | 0.09 | 0.10 | 0.10 | 0.10 | 0.13 | 0.17 | 0.28 | 0.12 | 0.10 | 0.10 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $102,000K ÷ $1,692,810K
= 0.06
The debt-to-assets ratio of Monro Muffler Brake Inc has shown fluctuations over the past several quarters. The ratio indicates the proportion of the company's assets financed by debt. A lower ratio signifies a lower reliance on debt financing.
Looking at the trend, the debt-to-assets ratio for Monro Muffler Brake has ranged between 0.03 and 0.17 over the past few quarters. There was a notable decrease in the ratio from September 2021 to September 2022, before a slight increase in the most recent quarter.
Overall, the trend indicates that Monro Muffler Brake has generally maintained a conservative approach to debt financing, with the ratio staying relatively low compared to previous periods. This may indicate a solid financial position and effective management of debt levels by the company. However, it is essential to continue monitoring the ratio to ensure that the company's capital structure remains sustainable and aligned with its growth objectives.
Peer comparison
Mar 31, 2024