Mueller Industries Inc (MLI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,290,910 | 2,759,300 | 2,242,400 | 1,728,940 | 1,528,570 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,290,910K
= 0.00
Mueller Industries Inc has maintained a consistently low debt-to-assets ratio over the past five years, with the ratio remaining at 0.00 at the end of each year from December 31, 2020, to December 31, 2024. This indicates that the company has minimal debt relative to its total assets during this period. A low debt-to-assets ratio is generally considered favorable as it suggests lower financial risk and greater financial stability for the company. It indicates that Mueller Industries Inc has been funding its operations primarily through equity rather than debt, which could be appealing to investors and creditors.
Peer comparison
Dec 31, 2024