Mueller Industries Inc (MLI)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,290,910 | 3,206,130 | 3,066,180 | 2,894,240 | 2,759,300 | 2,663,740 | 2,576,420 | 2,479,620 | 2,242,400 | 2,109,750 | 2,046,970 | 1,945,950 | 1,728,940 | 1,728,540 | 1,789,440 | 1,698,330 | 1,528,570 | 1,420,010 | 1,323,390 | 1,445,940 |
| Total stockholders’ equity | US$ in thousands | 2,773,160 | 2,678,380 | 2,546,100 | 2,424,370 | 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 |
| Financial leverage ratio | 1.19 | 1.20 | 1.20 | 1.19 | 1.18 | 1.20 | 1.22 | 1.26 | 1.25 | 1.30 | 1.36 | 1.42 | 1.41 | 1.56 | 1.89 | 2.02 | 1.97 | 1.98 | 1.97 | 2.24 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,290,910K ÷ $2,773,160K
= 1.19
Mueller Industries Inc's financial leverage ratio has shown a general decreasing trend over the past few years, indicating a reduction in the company's reliance on debt to finance its operations. As of December 31, 2024, the financial leverage ratio stands at 1.19, which means that for every dollar of equity, the company carries $1.19 of debt. This suggests a relatively conservative level of leverage, which can be seen as a positive sign for investors as it indicates lower financial risk and greater financial stability. The decreasing trend in the leverage ratio may signify that Mueller Industries Inc is managing its debt levels effectively and improving its financial health over time.
Peer comparison
Dec 31, 2024