MGP Ingredients Balance Sheet Health
Financial Health criteria checks 5/6
MGP Ingredients has a total shareholder equity of $865.5M and total debt of $300.8M, which brings its debt-to-equity ratio to 34.8%. Its total assets and total liabilities are $1.4B and $524.7M respectively. MGP Ingredients's EBIT is $168.8M making its interest coverage ratio 22. It has cash and short-term investments of $19.5M.
Key information
34.8%
Debt to equity ratio
US$300.82m
Debt
Interest coverage ratio | 22x |
Cash | US$19.50m |
Equity | US$865.54m |
Total liabilities | US$524.74m |
Total assets | US$1.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M1I's short term assets ($506.9M) exceed its short term liabilities ($80.3M).
Long Term Liabilities: M1I's short term assets ($506.9M) exceed its long term liabilities ($444.5M).
Debt to Equity History and Analysis
Debt Level: M1I's net debt to equity ratio (32.5%) is considered satisfactory.
Reducing Debt: M1I's debt to equity ratio has increased from 21% to 34.8% over the past 5 years.
Debt Coverage: M1I's debt is well covered by operating cash flow (34.4%).
Interest Coverage: M1I's interest payments on its debt are well covered by EBIT (22x coverage).