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

Company name
Symbol
Interest coverage
Monro Muffler Brake Inc
MNRO
2.52
Mister Car Wash, Inc. Common Stock
MCW
2.23