MGP Ingredients Balance Sheet Health
Financial Health criteria checks 5/6
MGP Ingredients has a total shareholder equity of $912.9M and total debt of $290.0M, which brings its debt-to-equity ratio to 31.8%. Its total assets and total liabilities are $1.4B and $527.7M respectively. MGP Ingredients's EBIT is $170.1M making its interest coverage ratio 20.2. It has cash and short-term investments of $20.8M.
Key information
31.8%
Debt to equity ratio
US$289.97m
Debt
| Interest coverage ratio | 20.2x |
| Cash | US$20.77m |
| Equity | US$912.89m |
| Total liabilities | US$527.73m |
| Total assets | US$1.44b |
Recent financial health updates
MGP Ingredients (NASDAQ:MGPI) Has A Pretty Healthy Balance Sheet
Oct 19
MGP Ingredients (NASDAQ:MGPI) Seems To Use Debt Quite Sensibly
Jul 12We Think MGP Ingredients (NASDAQ:MGPI) Can Stay On Top Of Its Debt
Jan 05Is MGP Ingredients (NASDAQ:MGPI) Using Too Much Debt?
May 23Recent updates
MGP Ingredients (NASDAQ:MGPI) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Nov 07MGP Ingredients (NASDAQ:MGPI) Has Announced A Dividend Of $0.12
Nov 04MGP Ingredients: Getting Caught In Weak Spirit Demand In Q3
Oct 21MGP Ingredients (NASDAQ:MGPI) Has A Pretty Healthy Balance Sheet
Oct 19Positive Sentiment Still Eludes MGP Ingredients, Inc. (NASDAQ:MGPI) Following 27% Share Price Slump
Oct 19MGP Ingredients, Inc.'s (NASDAQ:MGPI) Earnings Haven't Escaped The Attention Of Investors
Aug 27Intrinsic Valuation Of MGP Ingredients Reveals It's Overvalued
Aug 04MGP Ingredients (NASDAQ:MGPI) Seems To Use Debt Quite Sensibly
Jul 12MGP Ingredients: Modest Organic Growth Likely Ahead After 2024 Distillery Closure
Jun 18MGP Ingredients, Inc. (NASDAQ:MGPI) Might Not Be As Mispriced As It Looks
May 24MGP Ingredients: Tax Tariff Extension And Move Away From White Goods
Feb 07We Think MGP Ingredients (NASDAQ:MGPI) Can Stay On Top Of Its Debt
Jan 05MGP Ingredients, Inc.'s (NASDAQ:MGPI) P/E Is On The Mark
Dec 18Is Now The Time To Look At Buying MGP Ingredients, Inc. (NASDAQ:MGPI)?
Nov 30Is MGP Ingredients (NASDAQ:MGPI) Using Too Much Debt?
May 23Is There An Opportunity With MGP Ingredients, Inc.'s (NASDAQ:MGPI) 34% Undervaluation?
May 07Financial Position Analysis
Short Term Liabilities: MGPI's short term assets ($532.0M) exceed its short term liabilities ($82.3M).
Long Term Liabilities: MGPI's short term assets ($532.0M) exceed its long term liabilities ($445.4M).
Debt to Equity History and Analysis
Debt Level: MGPI's net debt to equity ratio (29.5%) is considered satisfactory.
Reducing Debt: MGPI's debt to equity ratio has increased from 18.8% to 31.8% over the past 5 years.
Debt Coverage: MGPI's debt is well covered by operating cash flow (37.5%).
Interest Coverage: MGPI's interest payments on its debt are well covered by EBIT (20.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 14:32 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MGP Ingredients, Inc. is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Donald McLee | Berenberg |
| Alex Fuhrman | Craig-Hallum Capital Group LLC |
| Benjamin Klieve | Lake Street Capital Markets, LLC |