MGP Ingredients Balance Sheet Health
Financial Health criteria checks 5/6
MGP Ingredients has a total shareholder equity of $849.1M and total debt of $287.2M, which brings its debt-to-equity ratio to 33.8%. Its total assets and total liabilities are $1.4B and $543.3M respectively. MGP Ingredients's EBIT is $177.2M making its interest coverage ratio 26.7. It has cash and short-term investments of $18.4M.
Key information
33.8%
Debt to equity ratio
US$287.25m
Debt
Interest coverage ratio | 26.7x |
Cash | US$18.39m |
Equity | US$849.07m |
Total liabilities | US$543.28m |
Total assets | US$1.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M1I's short term assets ($514.3M) exceed its short term liabilities ($114.1M).
Long Term Liabilities: M1I's short term assets ($514.3M) exceed its long term liabilities ($429.2M).
Debt to Equity History and Analysis
Debt Level: M1I's net debt to equity ratio (31.7%) is considered satisfactory.
Reducing Debt: M1I's debt to equity ratio has increased from 15.9% to 33.8% over the past 5 years.
Debt Coverage: M1I's debt is well covered by operating cash flow (29.2%).
Interest Coverage: M1I's interest payments on its debt are well covered by EBIT (26.7x coverage).