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 $168.7M 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
We Think MGP Ingredients (NASDAQ:MGPI) Can Stay On Top Of Its Debt
Jan 05
Is MGP Ingredients (NASDAQ:MGPI) Using Too Much Debt?
May 23Does MGP Ingredients (NASDAQ:MGPI) Have A Healthy Balance Sheet?
Jan 15MGP Ingredients (NASDAQ:MGPI) Seems To Use Debt Quite Sensibly
Oct 11These 4 Measures Indicate That MGP Ingredients (NASDAQ:MGPI) Is Using Debt Reasonably Well
Jul 04Recent updates
MGP 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 15Here's Why We Think MGP Ingredients (NASDAQ:MGPI) Is Well Worth Watching
Dec 04Is There Now An Opportunity In MGP Ingredients, Inc. (NASDAQ:MGPI)?
Oct 24MGP Ingredients drops 3% after new short report from Spruce Point
Oct 12MGP Ingredients (NASDAQ:MGPI) Seems To Use Debt Quite Sensibly
Oct 11Are Investors Undervaluing MGP Ingredients, Inc. (NASDAQ:MGPI) By 50%?
Sep 27MGP Ingredients: Can The Stock Continue Its Big Move Higher?
Aug 17MGP Ingredients Q2 2022 Earnings Preview
Aug 03Here's Why We Think MGP Ingredients (NASDAQ:MGPI) Might Deserve Your Attention Today
Aug 01Is It Too Late To Consider Buying MGP Ingredients, Inc. (NASDAQ:MGPI)?
Jul 18These 4 Measures Indicate That MGP Ingredients (NASDAQ:MGPI) Is Using Debt Reasonably Well
Jul 04Calculating The Fair Value Of MGP Ingredients, Inc. (NASDAQ:MGPI)
Jun 10MGP Ingredients: Upside From Here Is Limited
Jun 04Financial Position Analysis
Short Term Liabilities: MGPI's short term assets ($506.9M) exceed its short term liabilities ($80.3M).
Long Term Liabilities: MGPI's short term assets ($506.9M) exceed its long term liabilities ($444.5M).
Debt to Equity History and Analysis
Debt Level: MGPI's net debt to equity ratio (32.5%) is considered satisfactory.
Reducing Debt: MGPI's debt to equity ratio has increased from 21% to 34.8% over the past 5 years.
Debt Coverage: MGPI's debt is well covered by operating cash flow (34.4%).
Interest Coverage: MGPI's interest payments on its debt are well covered by EBIT (22x coverage).