Mueller Industries Inc (MLI)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Mueller Industries Inc has consistently maintained a strong solvency position, as indicated by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios over the analyzed period from March 31, 2020, to December 31, 2024, all of which remained at 0.00.
Additionally, the financial leverage ratio, which measures the company's ability to meet its financial obligations, decreased steadily from 2.24 on March 31, 2020, to 1.19 on December 31, 2024. This signifies a reduction in the company's reliance on debt financing over time, leading to improved financial health and lower risk of financial distress.
Overall, based on the solvency ratios, Mueller Industries Inc appears to have a solid financial structure with minimal debt levels relative to its assets, capital, and equity, demonstrating its ability to effectively manage its financial obligations and maintain a stable financial position.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2,002.13 | 783.56 | 680.24 | 679.41 | 693.25 | 1,310.16 | 1,111.72 | 1,132.65 | 1,081.93 | 933.02 | 528.57 | 228.04 | 84.90 | 45.92 | 23.98 | 14.27 | 10.88 | 10.07 | 8.62 | 7.75 |
Mueller Industries Inc's interest coverage ratio has shown a significant improvement over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio measures the company's ability to meet its interest obligations with its operating income.
The interest coverage ratio increased from 7.75 on March 31, 2020, to 2,002.13 on December 31, 2024, reflecting a consistent upward trend. This indicates that the company's operating income was more than sufficient to cover its interest expenses during this period.
The company's interest coverage ratio peaked at 1,310.16 on September 30, 2023, demonstrating a strong ability to meet its interest obligations. However, there was a slight decrease in the ratio in the subsequent periods, potentially signaling a change in the company's financial performance.
Overall, the increasing trend in Mueller Industries Inc's interest coverage ratio signifies a healthy financial position with a strong capacity to service its debt obligations through its operating income.