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 23Does MGP Ingredients (NASDAQ:MGPI) Have A Healthy Balance Sheet?
Jan 15Recent 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 07What Is MGP Ingredients, Inc.'s (NASDAQ:MGPI) Share Price Doing?
Mar 09Does MGP Ingredients (NASDAQ:MGPI) Have A Healthy Balance Sheet?
Jan 15Financial 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).