Driven Brands Holdings (Driven Brands Holdings) Current Ratio

: 1.92 (As of Dec. 2023)

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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Driven Brands Holdings's current ratio for the quarter that ended in Dec. 2023 was 1.92.

Driven Brands Holdings has a current ratio of 1.92. It generally indicates good short-term financial strength.

The historical rank and industry rank for Driven Brands Holdings's Current Ratio or its related term are showing as below:

DRVN' s Current Ratio Range Over the Past 10 Years
Min: 1.13 Med: 1.28 Max: 1.92
Current: 1.92

During the past 6 years, Driven Brands Holdings's highest Current Ratio was 1.92. The lowest was 1.13. And the median was 1.28.

DRVN's Current Ratio is ranked better than
65.29% of 1308 companies
in the Vehicles & Parts industry
Industry Median: 1.53 vs DRVN: 1.92

Driven Brands Holdings Current Ratio Historical Data

The historical data trend for Driven Brands Holdings's Current Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Driven Brands Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Current Ratio

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1.17

1.22

1.61

1.13

1.92

Driven Brands Holdings Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Current Ratio	Get a 7-Day Free Trial														1.13	1.14	1.18	1.80	1.92

Competitive Comparison

For the Auto & Truck Dealerships subindustry, Driven Brands Holdings's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Driven Brands Holdings Current Ratio Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Driven Brands Holdings's Current Ratio distribution charts can be found below:

* The bar in red indicates where Driven Brands Holdings's Current Ratio falls into.

Driven Brands Holdings Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Driven Brands Holdings's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )	=	Total Current Assets (A: Dec. 2023 )	/	Total Current Liabilities (A: Dec. 2023 )
	=	821.107	/	427.167
	=	1.92

Driven Brands Holdings's Current Ratio for the quarter that ended in Dec. 2023 is calculated as

Current Ratio (Q: Dec. 2023 )	=	Total Current Assets (Q: Dec. 2023 )	/	Total Current Liabilities (Q: Dec. 2023 )
	=	821.107	/	427.167
	=	1.92

Driven Brands Holdings (NAS:DRVN) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.

Driven Brands Holdings Current Ratio Related Terms

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Driven Brands Holdings (Driven Brands Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Driven Brands Holdings Inc (NAS:DRVN) » Definitions » Current Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

440 South Church Street, Suite 700, Charlotte, NC, USA, 28202

Website

https://www.drivenbrands.com

Driven Brands Holdings Inc is an automotive services company. The company provides an extensive range of core consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash.

Executives

Jonathan G. Fitzpatrick	director, officer: President & CEO	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Gary W Ferrera	officer: EVP, Chief Financial Officer	3250 BRIARPARK, SUITE 400, HOUSTON TX 77042
Muhammad Khalid	officer: EVP, Seg. Pres. - Maintenance	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Rc Iv Cayman Icw Holdings Llc	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Neal K Aronson	director, 10 percent owner, other: See Remarks	1180 PEACHTREE STREET NE., SUITE 2500, ATLANTA GA 30309
Driven Equity Llc	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Michael G. Macaluso	officer: EVP & Grp Pres-Pt., Coll & Gl.	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Jose D. Tomas	director	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Driven Equity Sub Llc	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Rc Iv Cayman Icw Holdings Sub Llc	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Roark Capital Partners Iii Aiv Lp	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Daniel R. Rivera	officer: EVP & Group President, Maint.	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
John R. Teddy	officer: EVP & President, Car Wash N.A.	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Karen B. Stroup	director	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Michael Beland	officer: SVP & Chief Accounting Officer	440 S. CHURCH ST., SUITE 700, CHARLOTTE NC 28202