Mueller Water Products (MWA)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 858,400 | 706,800 | 680,000 | 653,700 | 581,200 |
| Total current liabilities | US$ in thousands | 258,000 | 218,800 | 241,000 | 220,100 | 155,000 |
| Current ratio | 3.33 | 3.23 | 2.82 | 2.97 | 3.75 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $858,400K ÷ $258,000K
= 3.33
The current ratio of Mueller Water Products has experienced fluctuations over the specified period from September 30, 2020, to September 30, 2024. At the end of fiscal year 2020, the current ratio was 3.75, indicating a strong liquidity position with current assets well exceeding current liabilities. By September 30, 2021, this ratio declined to 2.97, reflecting a reduction in liquidity but still maintaining a comfortable margin. The downward trend continued into September 30, 2022, with the current ratio decreasing further to 2.82, suggesting a continued slight easing of liquidity margins.
From the fiscal year 2022 to 2023, the ratio increased to 3.23, indicating an improvement in the company's ability to cover its short-term obligations. This upward movement persisted into September 30, 2024, with the current ratio reaching 3.33, marginally surpassing the previous year’s figure.
Overall, while the current ratio saw a decline from 2020 through 2022, it recovered and improved in the subsequent years, remaining comfortably above the generally accepted minimum of 1.0, which indicates that Mueller Water Products maintains a prudent level of liquidity throughout the period. The fluctuations suggest periods of liquidity optimization or shifts in current assets and liabilities management, with the recent figures demonstrating a relatively stable and strong liquidity position at the close of fiscal year 2024.
Peer comparison
Sep 30, 2024