Mueller Water Products (MWA)
Current ratio
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 890,700 | 842,700 | 858,400 | 785,500 | 748,600 | 729,400 | 706,800 | 691,400 | 669,600 | 671,900 | 680,000 | 659,100 | 647,100 | 628,000 | 653,700 | 632,400 | 614,200 | 577,900 | 581,200 | 534,400 |
| Total current liabilities | US$ in thousands | 235,300 | 220,300 | 258,000 | 212,400 | 212,300 | 221,600 | 218,800 | 199,900 | 191,300 | 213,600 | 241,000 | 202,300 | 201,500 | 199,300 | 220,100 | 188,900 | 160,200 | 136,300 | 155,000 | 145,000 |
| Current ratio | 3.79 | 3.83 | 3.33 | 3.70 | 3.53 | 3.29 | 3.23 | 3.46 | 3.50 | 3.15 | 2.82 | 3.26 | 3.21 | 3.15 | 2.97 | 3.35 | 3.83 | 4.24 | 3.75 | 3.69 |
March 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $890,700K ÷ $235,300K
= 3.79
The current ratio of Mueller Water Products has demonstrated a generally stable liquidity position over the period from June 2020 through March 2025. Starting at 3.69 on June 30, 2020, the ratio experienced a gradual upward trend, peaking at 4.24 at the close of 2020, indicating a strong ability to meet short-term obligations. Throughout 2021, the current ratio fluctuated within a moderate range, reaching 3.15 by December 2021, which reflects a consistent liquidity buffer.
In 2022, the ratio showed a slight decline to a low of 2.82 on September 30, before rising again to 3.15 by year-end. This period suggests some volatility but remains within a comfortable liquidity margin. The beginning of 2023 marked a modest improvement, with the ratio increasing to 3.50 in March and maintaining relatively steady levels through mid-2023.
In the subsequent years, the ratio continued to hover around the 3.2 to 3.7 range, with an upward trend resuming by March 2024, reaching 3.53, and further climbing to 3.83 by the end of December 2024. As of March 2025, the current ratio remained at 3.79.
Overall, the data indicates that Mueller Water Products maintains a consistently healthy liquidity position, with a current ratio well above the commonly acceptable minimum of 1.0. The fluctuations observed reflect normal seasonal or operational variations, but the ratio's generally high levels suggest effective management of short-term assets relative to liabilities, supporting the company's capacity to cover its short-term obligations comfortably throughout the analyzed period.
Peer comparison
Mar 31, 2025