Mueller Industries Inc (MLI)
Debt-to-equity ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 185 | 1,301 | 1,267 | 1,251 | 1,218 | 1,184 | 1,131 | 1,098 | 1,064 | 121,012 | 350,996 | 286,576 | 286,593 | 342,972 | 323,114 | 468,234 | 378,724 | 434,082 | 479,276 | 559,836 |
| Total stockholders’ equity | US$ in thousands | 2,337,440 | 2,221,240 | 2,116,230 | 1,962,310 | 1,790,910 | 1,625,240 | 1,510,460 | 1,370,400 | 1,222,120 | 1,107,560 | 945,716 | 841,146 | 776,745 | 717,621 | 670,681 | 645,687 | 643,468 | 607,648 | 588,271 | 565,398 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 | 0.37 | 0.34 | 0.37 | 0.48 | 0.48 | 0.73 | 0.59 | 0.71 | 0.81 | 0.99 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $185K ÷ $2,337,440K
= 0.00
The debt-to-equity ratio of Mueller Industries Inc has fluctuated over the past few years, indicating varying levels of leverage. The ratio remained consistently low at 0.00 from December 2019 to March 2023, suggesting a minimal or negligible amount of debt relative to equity during this period. However, there was a notable shift in leverage from the second quarter of 2021, with the ratio increasing to 0.11 in September 2021 and peaking at 0.99 by December 2019. This upward trend demonstrates a progressive increase in debt levels in comparison to equity, implying higher financial risk and reliance on debt financing during the latter part of the period under consideration. It would be advisable for stakeholders to closely monitor Mueller Industries' debt management strategies and their impact on overall financial health.
Peer comparison
Dec 31, 2023