Mueller Industries Inc (MLI)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,012,230 | 1,915,580 | 1,804,790 | 2,184,610 | 2,040,020 | 1,936,770 | 1,851,740 | 1,767,010 | 1,534,650 | 1,420,920 | 1,335,760 | 1,240,550 | 1,019,000 | 1,037,940 | 1,082,000 | 986,535 | 825,361 | 729,865 | 670,691 | 774,126 |
| Total current liabilities | US$ in thousands | 397,987 | 393,993 | 387,228 | 361,281 | 317,138 | 322,505 | 344,548 | 406,745 | 348,295 | 374,947 | 418,771 | 451,596 | 382,439 | 380,098 | 362,429 | 444,488 | 339,643 | 252,752 | 229,264 | 229,899 |
| Current ratio | 5.06 | 4.86 | 4.66 | 6.05 | 6.43 | 6.01 | 5.37 | 4.34 | 4.41 | 3.79 | 3.19 | 2.75 | 2.66 | 2.73 | 2.99 | 2.22 | 2.43 | 2.89 | 2.93 | 3.37 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,012,230K ÷ $397,987K
= 5.06
Mueller Industries Inc's current ratio has been fluctuating over the past few years, indicating changes in its short-term liquidity position. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
From March 31, 2020, to December 31, 2022, Mueller Industries Inc's current ratio showed a relatively stable trend, ranging from 2.22 to 4.41, before experiencing a substantial increase to 6.43 as of December 31, 2023. This significant improvement suggests the company may have improved its liquidity position, possibly by increasing its current assets or reducing its current liabilities.
However, the current ratio decreased to 4.66 as of June 30, 2024, and then moderately increased to 5.06 by December 31, 2024. Despite these fluctuations, the current ratio remains above 1.0 in all periods, indicating that Mueller Industries Inc has more current assets than current liabilities to cover its short-term obligations.
Overall, the current ratio trend for Mueller Industries Inc shows an initial stability, followed by a notable improvement in liquidity, and some fluctuations thereafter. The company's current ratio indicates a generally healthy short-term liquidity position, providing some assurance regarding its ability to meet its near-term financial obligations.
Peer comparison
Dec 31, 2024