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 Dec. 2023 was $ -1 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 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 Dec. 2023 was $ 135 Mil. Mueller Industries's Interest Expense for the
three
months ended in Dec. 2023 was $ -1 Mil.
Mueller Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 188.97.
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 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1 Mil.
* 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.
Mueller Industries (NYSE:MLI) Interest Expense Explanation
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. The higher, the better.
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 Dec. 2023 was $-1 Mil. Its
Operating Income
for the
three
months ended in Dec. 2023 was $135 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was $27 Mil.
Mueller Industries's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
* 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.
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 (Mueller Industries) Business Description
Traded in Other Exchanges
Address
150 Schilling Boulevard, Suite 100, Collierville, TN, USA, 38017
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 |
Mueller Industries (Mueller Industries) Headlines
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