Monro Muffler Brake Inc (MNRO)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 656,775 | 659,718 | 700,143 | 695,168 | 694,922 | 701,183 | 721,770 | 769,676 | 782,906 | 781,511 | 772,918 | 758,591 | 749,684 | 736,043 | 736,367 | 730,720 | 734,440 | 746,592 | 733,576 | 718,588 |
| Debt-to-equity ratio | 0.16 | 0.14 | 0.08 | 0.09 | 0.15 | 0.19 | 0.18 | 0.14 | 0.23 | 0.25 | 0.22 | 0.26 | 0.25 | 0.26 | 0.31 | 0.45 | 0.77 | 0.26 | 0.23 | 0.22 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $102,000K ÷ $656,775K
= 0.16
The debt-to-equity ratio of Monro Muffler Brake Inc has fluctuated over the past several quarters. In the most recent quarter, as of March 31, 2024, the ratio stands at 0.16, indicating that the company's level of debt relative to its equity is relatively low. This suggests that Monro Muffler Brake Inc has a stronger equity position compared to its debt obligations.
Looking at the trend over the past few quarters, the ratio has ranged from 0.08 to 0.31, with occasional spikes observed. Notably, the ratio was at its highest point in the quarter ending March 31, 2020, reaching 0.77, indicating a relatively higher level of debt compared to equity at that particular time.
Overall, the fluctuation in the debt-to-equity ratio of Monro Muffler Brake Inc suggests that the company has been managing its debt levels effectively, although there have been periods of increased leveraging. It is important for investors and stakeholders to continue monitoring this ratio to assess the company's financial health and leverage position.
Peer comparison
Mar 31, 2024