Monro Muffler Brake Inc (MNRO)
Financial leverage ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,692,810 | 1,776,880 | 1,871,410 | 1,811,810 | 2,049,460 |
| Total stockholders’ equity | US$ in thousands | 656,775 | 694,922 | 782,906 | 749,684 | 734,440 |
| Financial leverage ratio | 2.58 | 2.56 | 2.39 | 2.42 | 2.79 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,692,810K ÷ $656,775K
= 2.58
The financial leverage ratio of Monro Muffler Brake Inc has shown fluctuations over the past five years. The ratio increased from 2.39 in 2022 to 2.58 in 2024, indicating a higher reliance on debt to finance the company's operations and investments. This suggests that Monro Muffler Brake Inc has been taking on more debt relative to its equity in recent years, which may increase financial risk. However, it is important to consider the context of the industry and the company's specific circumstances when evaluating the impact of the financial leverage ratio. Overall, the trend in the financial leverage ratio suggests a shift towards a more leveraged capital structure for Monro Muffler Brake Inc.
Peer comparison
Mar 31, 2024