Monro Muffler Brake Inc (MNRO)

Solvency ratios

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
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
Debt-to-capital ratio 0.13 0.12 0.07 0.09 0.13 0.16 0.15 0.13 0.18 0.20 0.18 0.21 0.20 0.21 0.24 0.31 0.44 0.21 0.19 0.18
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
Financial leverage ratio 2.58 2.63 2.47 2.52 2.56 2.57 2.48 2.36 2.39 2.42 2.40 2.49 2.42 2.49 2.50 2.60 2.79 2.29 2.21 2.20

Monro Muffler Brake Inc's solvency ratios provide insights into the company's ability to meet its long-term obligations. Analyzing the data over various periods reveals some key trends:

1. Debt-to-assets ratio has fluctuated but remained relatively low, indicating that the company has a conservative level of debt compared to its total assets, which is positive for creditors.

2. Debt-to-capital ratio has shown fluctuations but has generally stayed within a moderate range, suggesting a reasonable balance between debt and equity in the company's capital structure.

3. Debt-to-equity ratio has also exhibited fluctuations but has consistently been within a manageable range, reflecting a moderate level of financial leverage and showing that shareholders are not overly exposed to debt risk.

4. Financial leverage ratio has shown some variability but has generally remained stable, indicating that the company has maintained a relatively consistent level of leverage in financing its assets.

Overall, Monro Muffler Brake Inc's solvency ratios demonstrate prudent debt management and a balanced capital structure, which bodes well for the company's long-term financial stability and ability to meet its debt obligations.

Coverage ratios

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
Interest coverage 3.57 3.22 3.20 3.12 3.44 3.69 3.89 4.27 4.11 4.32 3.69 3.19 2.56 1.93 2.66 3.27 4.77 5.70 5.32 5.06

Interest coverage ratio is a financial metric that measures a company's ability to pay interest expenses on its outstanding debt. It is calculated by dividing the earnings before interest and taxes (EBIT) by the interest expenses. A higher interest coverage ratio indicates that the company is more capable of servicing its debt obligations.

Analyzing the interest coverage ratio of Monro Muffler Brake Inc over the past few quarters reveals fluctuations in its ability to cover interest expenses. The trend indicates that from the end of 2019 to mid-2020, the company had a relatively high interest coverage ratio, indicating a stronger ability to meet its interest obligations. However, starting from the end of 2020, the interest coverage ratio began to decline, reaching a low point in the first quarter of 2021.

From the first quarter of 2021 onwards, there has been a gradual improvement in the interest coverage ratio, reaching a peak in the second quarter of 2022. Despite this improvement, the ratio has not yet returned to the levels seen in 2019 and 2020. The most recent data shows a slight decrease in the interest coverage ratio, indicating a potential increase in the company's financial risk.

Overall, while Monro Muffler Brake Inc has shown some variability in its ability to cover interest expenses, the recent trend suggests a need for continued monitoring of the company's financial health and debt management strategies.