Mueller Industries Inc (MLI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,099,840 | 2,040,020 | 1,534,650 | 1,019,000 | 825,361 |
| Total current liabilities | US$ in thousands | 397,987 | 317,138 | 348,295 | 382,439 | 339,643 |
| Current ratio | 2.76 | 6.43 | 4.41 | 2.66 | 2.43 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,099,840K ÷ $397,987K
= 2.76
Mueller Industries Inc's current ratio has been showing a positive trend over the past five years. The current ratio was 2.43 as of December 31, 2020, indicating the company had $2.43 in current assets for every $1 in current liabilities. This ratio improved to 2.66 by the end of 2021, further strengthening the company's liquidity position.
By December 31, 2022, Mueller Industries Inc's current ratio significantly increased to 4.41, reflecting a substantial increase in current assets relative to current liabilities. This suggests the company's ability to cover its short-term obligations improved significantly.
The trend continued in 2023, with the current ratio reaching 6.43, indicating a very strong liquidity position. This may be attributed to effective management of current assets and liabilities.
However, by the end of 2024, the current ratio decreased to 2.76. While still above 2, which is generally considered healthy, this slight decrease could indicate a potential decrease in liquidity compared to the previous year.
Overall, Mueller Industries Inc's current ratio has shown fluctuations over the years but has generally remained above 2, reflecting a healthy liquidity position and the ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024