Mueller Industries (Mueller Industries) Cash-to-Debt

: 35.69 (As of Dec. 2023)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Mueller Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 35.69.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Mueller Industries could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Mueller Industries's Cash-to-Debt or its related term are showing as below:

MLI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 1.37 Max: 35.69
Current: 35.69

During the past 13 years, Mueller Industries's highest Cash to Debt Ratio was 35.69. The lowest was 0.15. And the median was 1.37.

MLI's Cash-to-Debt is ranked better than
85.4% of 2999 companies
in the Industrial Products industry
Industry Median: 1.22 vs MLI: 35.69

Mueller Industries Cash-to-Debt Historical Data

The historical data trend for Mueller Industries's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Mueller Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.24

0.34

3.52

28.46

35.69

Mueller Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																28.46	24.93	27.66	31.48	35.69

Competitive Comparison

For the Metal Fabrication subindustry, Mueller Industries's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mueller Industries Cash-to-Debt Distribution

For the Industrial Products industry and Industrials sector, Mueller Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mueller Industries's Cash-to-Debt falls into.

Mueller Industries Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Mueller Industries's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1269.039	/	(8.689	+	26.868)
	=	35.69

Mueller Industries's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1269.039	/	(8.689	+	26.868)
	=	35.69

Mueller Industries (NYSE:MLI) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Mueller Industries Cash-to-Debt Related Terms

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Mueller Industries (Mueller Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mueller Industries Inc (NYSE:MLI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MUD:Germany

Address

150 Schilling Boulevard, Suite 100, Collierville, TN, USA, 38017

Website

https://www.muellerindustries.com

Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning most of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms worldwide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Numerous systems use the aforementioned products, including HVAC, water distribution, refrigeration, and automotive. Most sales derive from the United States, but the company operates worldwide.

Executives

Steffen Sigloch	officer: VP, Mfg and Engineering	8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
John B Hansen	officer: President, Mfg Operations	8285 TOURNAMENT DRIVE SUITE 150, MEMPHIS TN 38125
Gregory L. Christopher	officer: President - Standard Products	8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Scott Jay Goldman	director	8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Herzog Charles P Jr	director	9581 FOX HILL CIRCLE SOUTH, GERMANTOWN TN 38139
William C. Drummond	director	1395 BRICKELL AVENUE, MIAMI FL 33131
Gary S Gladstein	director	SOROS FUND MANAGEMENT LLC, 888 SEVENTH AVE 3300, NEW YORK NY 10106
Anthony Steinriede	officer: VP - Corporate Controller	8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Gary Westermeyer	officer: President, Refrigeration	8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Gennaro J Fulvio	director
Kristee Michelle Ford	officer: Chief Information Officer	581 ROCKY JOE DRIVE, COLLIERVILLE TN 38017
Paul J Flaherty	director	C/O MUELLER INDUSTRIES INC., 8285 TOURNAMENT DRIVE SUITE 150, MEMPHIS TN 38125
Devin Malone	officer: President, Streamline	2321 WICKERSHAM CV, GERMANTOWN TN 38139
Christopher Andrew Mitchell	officer: President, Canadian Operations	198 PIONEER TOWER ROAD, KITCHENER A6 N2P 2H8
Elizabeth M Donovan	director	400 E OHIO STREET, CHICAGO IL 60611