Mueller Industries (FRA:MUD) Interest Expense : €-1 Mil (TTM As of Mar. 2024)

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What is Mueller Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mueller Industries's interest expense for the three months ended in Mar. 2024 was € -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-1 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Mueller Industries's Operating Income for the three months ended in Mar. 2024 was € 169 Mil. Mueller Industries's Interest Expense for the three months ended in Mar. 2024 was € -0 Mil. Mueller Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 1,591.99. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Mueller Industries Interest Expense Historical Data

The historical data trend for Mueller Industries's Interest Expense 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.

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Mueller Industries Interest Expense Chart

Mueller Industries Annual Data

Trend

Dec14

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Dec19

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Dec23

Interest Expense

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-23.12

-15.82

-6.82

-0.77

-1.12

Mueller Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.13	-0.13	-0.22	-0.65	-0.11

Mueller Industries Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1 Mil.

Mueller Industries (FRA:MUD) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Mueller Industries's Interest Expense for the three months ended in Mar. 2024 was €-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was €169 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €24 Mil.

Mueller Industries's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	168.751	/	-0.106
	=	1,591.99

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Mueller Industries Inc has enough cash to cover all of its debt. Its financial situation is stable.

Mueller Industries (FRA:MUD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mueller Industries Inc (FRA:MUD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MLI:USA

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.

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