Mueller Water Products (MWA)
Debt-to-capital ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 810,100 | 711,500 | 669,300 | 694,900 | 640,700 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $810,100K)
= 0.00
The debt-to-capital ratio for Mueller Water Products remained consistently at 0.00 across the specified period from September 30, 2020, through September 30, 2024. This indicates that the company did not have any reported interest-bearing debt during these fiscal years, suggesting a capital structure entirely composed of equity. The persistent absence of debt implies that Mueller Water Products relied solely on its equity financing for its assets and operations, which has implications for its leverage and risk profile. A debt-free capital structure can reduce financial risk and interest expense but may also limit leverage-based growth opportunities. Overall, the data reflect a stable and conservative approach to debt management over the analyzed timeframe.
Peer comparison
Sep 30, 2024