Mister Car Wash Balance Sheet Health
Financial Health criteria checks 1/6
Mister Car Wash has a total shareholder equity of $979.4M and total debt of $940.3M, which brings its debt-to-equity ratio to 96%. Its total assets and total liabilities are $3.0B and $2.1B respectively. Mister Car Wash's EBIT is $187.0M making its interest coverage ratio 2.3. It has cash and short-term investments of $16.5M.
Key information
96.0%
Debt to equity ratio
US$940.30m
Debt
| Interest coverage ratio | 2.3x |
| Cash | US$16.48m |
| Equity | US$979.40m |
| Total liabilities | US$2.07b |
| Total assets | US$3.05b |
Recent financial health updates
Is Mister Car Wash (NYSE:MCW) Using Too Much Debt?
Oct 02
Is Mister Car Wash (NYSE:MCW) A Risky Investment?
Jun 17Mister Car Wash (NYSE:MCW) Use Of Debt Could Be Considered Risky
Feb 25Recent updates
Mister Car Wash: A Clean Way To Capture Nice Upside
Nov 15Mister Car Wash: Growth On Track To Accelerate In FY25
Nov 05Earnings Tell The Story For Mister Car Wash, Inc. (NYSE:MCW)
Oct 29Is Mister Car Wash (NYSE:MCW) Using Too Much Debt?
Oct 02Mister Car Wash: Rating Upgrade On Better FY25 Growth And Adj EBITDA Performance
Aug 02What You Can Learn From Mister Car Wash, Inc.'s (NYSE:MCW) P/E
Jul 15Is Mister Car Wash (NYSE:MCW) A Risky Investment?
Jun 17When Should You Buy Mister Car Wash, Inc. (NYSE:MCW)?
May 21Mister Car Wash: Remain Hold Rated On Negative Outlook
May 21Mister Car Wash Shines In Profitability, While Shares Appear Fairly Valued
Apr 20Investors Still Waiting For A Pull Back In Mister Car Wash, Inc. (NYSE:MCW)
Mar 23Mister Car Wash's: Downgrade To Hold For The Near-Term Due To Uncertainties
Mar 07Mister Car Wash (NYSE:MCW) Use Of Debt Could Be Considered Risky
Feb 25At US$8.95, Is Mister Car Wash, Inc. (NYSE:MCW) Worth Looking At Closely?
Jan 29Mister Car Wash: Continued Strong Performance With Potential For Growth Acceleration
Dec 08Mister Car Wash: Switching Gears To Reverse
Nov 16Mister Car Wash: Limited Near Term Visibility
Nov 05When Should You Buy Mister Car Wash, Inc. (NYSE:MCW)?
Oct 14Mister Car Wash Is Winning Market Share From Competitors
Aug 16Mister Car Wash: Time For A Good Clean
Aug 06Is It Too Late To Consider Buying Mister Car Wash, Inc. (NYSE:MCW)?
Jul 10Mister Car Wash: Massive Margins And More Hiring Imply Undervaluation
Jun 28An Intrinsic Calculation For Mister Car Wash, Inc. (NYSE:MCW) Suggests It's 20% Undervalued
Apr 02Mister Car Wash Q4 results mixed, co sees FY 2023 revenue in-line
Feb 23Mister Car Wash: The Car Wash Market Is Substantial And Resilient
Dec 13Mister Car Wash shines after posting beat-and-raise quarter
Nov 11Mister Car Wash: Down 56% YTD And About Fairly Priced
Oct 23Mister Car Wash's (NYSE:MCW) Solid Profits Have Weak Fundamentals
Aug 20Mister Car Wash: No Shine Yet
Aug 14Mister Car Wash acquires Top Wash in Minnesota
Aug 03Mister Car Wash Grows Footprint But Faces Demand Risks
Jul 22Mister Car Wash, Inc.'s (NYSE:MCW) Intrinsic Value Is Potentially 68% Above Its Share Price
Apr 08Financial Position Analysis
Short Term Liabilities: MCW's short term assets ($52.8M) do not cover its short term liabilities ($193.7M).
Long Term Liabilities: MCW's short term assets ($52.8M) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: MCW's net debt to equity ratio (94.3%) is considered high.
Reducing Debt: Insufficient data to determine if MCW's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MCW's debt is well covered by operating cash flow (25.3%).
Interest Coverage: MCW's interest payments on its debt are not well covered by EBIT (2.3x coverage).