Mueller Water Products (MWA)

Financial leverage 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 assets US$ in thousands 1,670,600 1,619,200 1,635,900 1,568,600 1,539,400 1,528,800 1,505,000 1,493,300 1,477,100 1,486,600 1,498,100 1,509,600 1,511,500 1,493,500 1,518,000 1,484,600 1,435,800 1,397,500 1,395,000 1,340,600
Total stockholders’ equity US$ in thousands 873,600 834,100 810,100 791,600 754,500 731,200 711,500 714,200 700,900 687,800 669,300 703,800 706,100 691,900 694,900 683,200 669,400 655,200 640,700 609,700
Financial leverage ratio 1.91 1.94 2.02 1.98 2.04 2.09 2.12 2.09 2.11 2.16 2.24 2.14 2.14 2.16 2.18 2.17 2.14 2.13 2.18 2.20

March 31, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,670,600K ÷ $873,600K
= 1.91

The financial leverage ratio of Mueller Water Products demonstrates a trend of moderate fluctuation over the analyzed period from June 2020 through March 2025. Initially, the ratio was approximately 2.20 at the end of June 2020, indicating a moderate level of debt relative to equity. Throughout 2020 and into 2021, the leverage ratio exhibited slight variability but generally maintained a range near 2.13 to 2.18, suggesting a relatively stable debt structure during this period.

From the start of 2022, the leverage ratio experienced minor oscillations, reaching a peak of 2.24 in September 2022 before settling back to approximately 2.11 in March 2023. Subsequently, a gradual decline in financial leverage is noted, with the ratio declining to around 1.94 in December 2024 and further decreasing to 1.91 by March 2025. This downward trend indicates a progressive reduction in the company's debt levels relative to equity over time.

Overall, the data suggests that Mueller Water Products has maintained a moderate to slightly declining leverage ratio over the observed period, reflecting a strategic approach to debt management that favors reducing leverage. The consistent decline toward below 2 by early 2025 may imply a focus on strengthening the company’s equity position or deleveraging efforts, which could enhance financial stability and reduce financial risk.


Peer comparison

Mar 31, 2025