Mueller Industries Inc (MLI)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,290,910 | 2,759,300 | 2,242,400 | 1,728,940 | 1,528,570 |
| Total stockholders’ equity | US$ in thousands | 2,773,160 | 2,337,440 | 1,790,910 | 1,222,120 | 776,745 |
| Financial leverage ratio | 1.19 | 1.18 | 1.25 | 1.41 | 1.97 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,290,910K ÷ $2,773,160K
= 1.19
The financial leverage ratio of Mueller Industries Inc has exhibited a declining trend over the period from December 31, 2020, to December 31, 2024. This ratio decreased from 1.97 in 2020 to 1.41 in 2021, further declining to 1.25 in 2022, and reaching 1.18 in 2023. In the latest year, as of December 31, 2024, the financial leverage ratio slightly increased to 1.19. The decreasing trend in the financial leverage ratio signifies a reduction in the company's reliance on debt financing relative to equity over the years, indicating a potentially strengthening financial position and decreased financial risk. However, it's important to note that the slight increase in 2024 may warrant further monitoring to assess the company's overall leverage position.
Peer comparison
Dec 31, 2024