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