Mueller Industries (FRA:MUD) Interest Coverage : 1,591.99 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Mueller Industries Interest Coverage?

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 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.

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.

The historical rank and industry rank for Mueller Industries's Interest Coverage or its related term are showing as below:

FRA:MUD' s Interest Coverage Range Over the Past 10 Years
Min: 6.66 Med: 19 Max: 1073.43
Current: 580.22

FRA:MUD's Interest Coverage is ranked better than
93.16% of 2295 companies
in the Industrial Products industry
Industry Median: 13.76 vs FRA:MUD: 580.22

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 Coverage Historical Data

The historical data trend for Mueller Industries's Interest Coverage 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: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Mueller Industries Interest Coverage Chart

Mueller Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

7.34

11.59

77.30

1,072.92

604.14

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 Coverage	Get a 7-Day Free Trial															1,596.90	1,412.07	793.01	188.92	1,591.99

Competitive Comparison of Mueller Industries's Interest Coverage

For the Metal Fabrication subindustry, Mueller Industries's Interest Coverage, along with its competitors' market caps and Interest Coverage 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's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mueller Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Mueller Industries's Interest Coverage falls into.

Mueller Industries Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

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 Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Mueller Industries's Interest Expense was €-1 Mil. Its Operating Income was €677 Mil. And its Long-Term Debt & Capital Lease Obligation was €25 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	676.639	/	-1.12
	=	604.14

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

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

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.

Mueller Industries (FRA:MUD) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Mueller Industries Interest Coverage Related Terms

Thank you for viewing the detailed overview of Mueller Industries's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Mueller Industries (FRA:MUD) Business Description

Industry

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

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.

Mueller Industries (FRA:MUD) Headlines

No Headlines