Mister Car Wash (Mister Car Wash) Effective Interest Rate on Debt % : 4.50% (As of Mar. 2024)

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What is Mister Car Wash Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Mister Car Wash's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $80.1 Mil. Mister Car Wash's average total debt for the quarter that ended in Mar. 2024 was $1,778.0 Mil. Therefore, Mister Car Wash's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.50%.

Mister Car Wash Effective Interest Rate on Debt % Historical Data

The historical data trend for Mister Car Wash's Effective Interest Rate on Debt % 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.

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Mister Car Wash Effective Interest Rate on Debt % Chart

Mister Car Wash Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

6.59

4.53

2.28

2.48

4.32

Mister Car Wash Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial													4.15	4.23	4.35	4.53	4.50

Competitive Comparison of Mister Car Wash's Effective Interest Rate on Debt %

For the Personal Services subindustry, Mister Car Wash's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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.

Mister Car Wash's Effective Interest Rate on Debt % Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Mister Car Wash's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Mister Car Wash's Effective Interest Rate on Debt % falls into.

Mister Car Wash Effective Interest Rate on Debt % Calculation

Mister Car Wash's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -75.104	/	( (1711.419	+	1765.591)	/ 2 )
=	-1 * -75.104	/	1738.505
=	4.32 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1670.384	+	41.035
=	1711.419

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1720.866	+	44.725
=	1765.591

Mister Car Wash's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -80.096	/	( (1765.591	+	1790.502)	/ 2 )
=	-1 * -80.096	/	1778.0465
=	4.50 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1720.866	+	44.725
=	1765.591

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1737.966	+	52.536
=	1790.502

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Mister Car Wash (NYSE:MCW) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Mister Car Wash Effective Interest Rate on Debt % Related Terms

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Mister Car Wash (Mister Car Wash) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Mister Car Wash Inc (NYSE:MCW) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

222 E 5th Street, Tucson, AZ, USA, 85705

Website

https://www.mistercarwash.com

Mister Car Wash Inc is a car wash brand offering express exterior and interior cleaning services. Express Exterior Locations offers express exterior cleaning services and Interior Cleaning Locations offers both express exterior and interior cleaning services. The company recognizes revenue in two main streams. It offers an Unlimited Wash Club (UWC) program to its customers. The UWC program entitles the customer to unlimited washes for a monthly fee, cancellable at any time. Second, revenue from the car wash and quick lube services.

Executives

Joseph Duane Matheny	officer: See Remarks	C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705
Markus Hartmann	officer: General Counsel	968 JAMES STREET, SYRACUSE NY 13203
John Lo-minn Lai	director, officer: Chief Executive Officer	C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705
Myra I. Chimienti	officer: See Remarks	C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705
Jedidiah Marc Gold	officer: Chief Financial Officer	C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705
Mary Lyn Porter	officer: Chief People Officer	C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705
Casey Penn Lindsay	officer: See Remarks	C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705
Lisa Bossard Funk	officer: General Counsel	C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705
Veronica Rogers	director	C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705
Ronald Kirk	director	TEXAS INSTRUMENTS INCORPORATED, 12500 TI BOULEVARD MS 3999, DALLAS TX 75243
Green Equity Investors Vi, L.p.	director, 10 percent owner	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
John Kristofer Galashan	director, 10 percent owner	LEONARD, GREEN & PARTNERS, 11111 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025
Lgp Associates Vi-a Llc	director, 10 percent owner	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Susan E Docherty	director	THE BRINK'S COMPANY, 1801 BAYBERRY COURT, 4TH FLOOR, RICHMOND VA 23226
Lgp Associates Vi-b Llc	director, 10 percent owner	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025