Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Mueller Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,337 Mil. Mueller Industries's Total Assets for the quarter that ended in Dec. 2023 was $2,759 Mil.
Therefore, Mueller Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.85.
The historical rank and industry rank for Mueller Industries's Equity-to-Asset or its related term are showing as below:
MLI'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4 Med: 0.6 Max: 0.85
Current: 0.85
During the past 13 years, the highest Equity to Asset Ratio of Mueller Industries was 0.85. The lowest was 0.40. And the median was 0.60.
MLI's Equity-to-Asset is ranked better than 91.64% of 3026
companies
in the Industrial Products industry
Industry Median: 0.56
vs MLI: 0.85
Mueller Industries Equity-to-Asset Historical Data
The historical data trend for Mueller Industries's Equity-to-Asset 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.
Competitive Comparison of Mueller Industries's Equity-to-Asset
For the Metal Fabrication subindustry, Mueller Industries's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mueller Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Mueller Industries's Equity-to-Asset falls into.
Mueller Industries Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Mueller Industries's Equity to Asset Ratio for the fiscal year 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.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Mueller Industries Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Mueller Industries's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Mueller Industries (Mueller Industries) Business Description
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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