Mueller Industries Inc (MLI)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,037,230 | 1,170,890 | 461,018 | 87,924 | 119,075 |
| Short-term investments | US$ in thousands | 21,874 | 98,146 | 217,863 | 0 | 37,976 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 397,987 | 317,138 | 348,295 | 382,439 | 339,643 |
| Quick ratio | 2.66 | 4.00 | 1.95 | 0.23 | 0.46 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,037,230K
+ $21,874K
+ $—K)
÷ $397,987K
= 2.66
The quick ratio of Mueller Industries Inc has shown variability over the past five years. As of December 31, 2020, the quick ratio stood at 0.46, indicating that the company had $0.46 of liquid assets available to cover each dollar of current liabilities. However, by December 31, 2021, the quick ratio decreased significantly to 0.23, suggesting potential liquidity concerns or difficulties in meeting short-term obligations.
The trend reversed in the subsequent years, with the quick ratio improving to 1.95 as of December 31, 2022, and further increasing to 4.00 as of December 31, 2023. These higher quick ratios indicate that Mueller Industries Inc had a strong ability to meet its short-term liabilities with its quick assets.
By December 31, 2024, the quick ratio slightly decreased to 2.66, but still remained at a healthy level, reflecting a continued strong liquidity position for the company.
Overall, the quick ratio trend of Mueller Industries Inc demonstrates fluctuations in liquidity over the years, with notable improvements in recent years, suggesting a potential strengthening of the company's financial position in terms of its ability to meet short-term obligations.
Peer comparison
Dec 31, 2024