Mueller Water Products (STU:JT5) LT-Debt-to-Total-Asset : 0.27 (As of Sep. 2024)

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What is Mueller Water Products LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Mueller Water Products's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.27.

Mueller Water Products's long-term debt to total assets ratio declined from Sep. 2023 (0.31) to Sep. 2024 (0.27). It may suggest that Mueller Water Products is progressively becoming less dependent on debt to grow their business.

Mueller Water Products LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mueller Water Products's LT-Debt-to-Total-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.

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Mueller Water Products LT-Debt-to-Total-Asset Chart

Mueller Water Products Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.34

0.31

0.27

Mueller Water Products Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	0.31	0.29	0.29	0.27

Mueller Water Products LT-Debt-to-Total-Asset Calculation

Mueller Water Products's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	404.279	/	1473.946
	=	0.27

Mueller Water Products's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	404.279	/	1473.946
	=	0.27

Mueller Water Products (STU:JT5) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Mueller Water Products LT-Debt-to-Total-Asset Related Terms

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Mueller Water Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mueller Water Products Inc (STU:JT5) » Definitions » LT-Debt-to-Total-Asset

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MWA:USA

Address

1200 Abernathy Road N.E., Suite 1200, Atlanta, GA, USA, 30328

Website

https://www.muellerwaterproducts.com

Mueller Water Products Inc is a U.S.-based company that manufactures and sells products and services used in the transmission, distribution, and measurement of water. The company operates in two segments Water Flow Solutions and Water Management Solutions. Water Flow Solutions' portfolio includes iron gate valves, specialty valves and service brass products. Water Management Solutions' portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, and pressure management and control products and solutions. The company derives a majority of its revenue from the United states.

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