Mueller Industries Inc (MLI)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,037,230 | 965,116 | 825,655 | 1,357,950 | 1,170,890 | 979,790 | 771,317 | 611,399 | 461,018 | 483,496 | 202,501 | 139,255 | 87,924 | 104,789 | 110,681 | 129,876 | 119,075 | 113,640 | 123,610 | 154,283 |
| Short-term investments | US$ in thousands | 21,874 | 4,449 | 102 | 102 | 98,146 | 124,680 | 127,051 | 170,997 | 217,863 | 102 | 102 | — | — | 65,000 | 36,899 | — | 37,976 | 27,423 | 32,443 | 44,683 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 2.66 | 2.46 | 2.13 | 3.76 | 4.00 | 3.42 | 2.61 | 1.92 | 1.95 | 1.29 | 0.48 | 0.31 | 0.23 | 0.45 | 0.41 | 0.29 | 0.46 | 0.56 | 0.68 | 0.87 |
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 displayed fluctuations over the periods indicated. The quick ratio measures the company's ability to cover its short-term liabilities with its most liquid assets.
From March 2020 to December 2021, the quick ratio declined steadily from 0.87 to 0.23, indicating a potential strain in meeting short-term obligations with available liquid assets. However, starting from March 2022, the quick ratio began to improve, reaching 4.00 by December 2023. This significant increase suggests that the company had ample liquid assets to cover its short-term liabilities during this period.
In the subsequent quarters of March 2024, the quick ratio decreased slightly to 3.76, followed by a more notable decline to 2.13 by June 2024. However, by December 2024, the quick ratio recovered to 2.66, indicating an improvement in the company's ability to pay off short-term liabilities.
Overall, the quick ratio trend reflects fluctuations in Mueller Industries Inc's liquidity position, with periods of lower ratios demonstrating potential liquidity challenges and periods of higher ratios indicating improved short-term solvency. It is essential for the company to maintain an adequate level of liquid assets relative to its current liabilities to ensure financial stability and meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024