Monro Muffler Brake Inc (MNRO)
Interest coverage
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Dec 23, 2023 | Sep 30, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 36,622 | 46,960 | 58,279 | 66,350 | 75,459 | 87,476 | 83,442 | 68,236 | 69,727 | 70,845 | 79,751 | 64,807 | 68,397 | 79,402 | 81,064 | 110,554 | 98,806 | 88,753 | 72,237 | 51,917 |
| Interest expense (ttm) | US$ in thousands | 14,526 | 19,479 | 20,276 | 20,183 | 19,840 | 19,688 | 19,853 | 20,674 | 21,822 | 22,726 | 23,176 | 23,050 | 22,777 | 23,348 | 24,631 | 25,601 | 26,744 | 27,790 | 28,234 | 28,639 |
| Interest coverage | 2.52 | 2.41 | 2.87 | 3.29 | 3.80 | 4.44 | 4.20 | 3.30 | 3.20 | 3.12 | 3.44 | 2.81 | 3.00 | 3.40 | 3.29 | 4.32 | 3.69 | 3.19 | 2.56 | 1.81 |
March 31, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $36,622K ÷ $14,526K
= 2.52
The interest coverage ratio of Monro Muffler Brake Inc has shown fluctuations over the past several periods. Starting at 1.81 on December 31, 2020, the ratio improved to 4.44 by December 31, 2023, indicating the company's ability to cover its interest expenses improved significantly during this period. However, the ratio decreased to 2.52 by March 31, 2025.
Overall, Monro Muffler Brake Inc's interest coverage has shown variability, which is important for investors and lenders to consider when assessing the company's ability to meet its interest payment obligations. The company should monitor this ratio closely to ensure it maintains a healthy level of coverage and manages its debt effectively.
Peer comparison
Mar 31, 2025