MGP Ingredients (MGP Ingredients) Cash, Cash Equivalents, Marketable Securities

: $18.4 Mil (As of Dec. 2023)

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MGP Ingredients's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($21.96 Mil) to Sep. 2023 ($28.03 Mil) but then stayed the same from Sep. 2023 ($28.03 Mil) to Dec. 2023 ($18.39 Mil).

MGP Ingredients's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($21.57 Mil) to Dec. 2022 ($47.89 Mil) but then declined from Dec. 2022 ($47.89 Mil) to Dec. 2023 ($18.39 Mil).

MGP Ingredients Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for MGP Ingredients's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MGP Ingredients Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

3.31

21.66

21.57

47.89

18.39

MGP Ingredients Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities																47.89	31.73	21.96	28.03	18.39

MGP Ingredients Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

MGP Ingredients (NAS:MGPI) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

MGP Ingredients Cash, Cash Equivalents, Marketable Securities Related Terms

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MGP Ingredients (MGP Ingredients) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » MGP Ingredients Inc (NAS:MGPI) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

M1I:Germany

Address

100 Commercial Street, P.O. Box 130, Atchison, KS, USA, 66002

Website

https://www.mgpingredients.com

MGP Ingredients Inc is a producer and supplier of premium distilled spirits and specialty wheat protein and starch food ingredients. MGP also produces high-quality industrial alcohol for use in both food and non-food applications. It operates in three segments: Distillery Solutions, Branded Spirits Segment, and Ingredient Solutions. Distillery Solutions provides distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil: and warehouse services, including barrel put away, storage, and retrieval services. It derives most of its revenue from the Distillery Solutions segment.

Executives

Karen Seaberg	director	20073 266TH ROAD, #266, ATCHISON KS 66002
Mingus Lori L.s.	director	4123 HWY 49, PERRY KS 66073
Brandon Gall	officer: VP and Chief Financial Officer	6142 REINHARDT, FAIRWAY KS 66205
David Colo	director	C/O DIAMOND FOODS, INC., 600 MONTGOMERY STREET, 13TH FLOOR, SAN FRANCISCO CA 94111
Catherine N. Lux	10 percent owner, other: Member of 10% holder group	5050 KEMPER AVENUE, ST. LOUIS MO 63139
Cnl 2013 Irrevocable Trust Dated April 2, 2013	10 percent owner, other: Member of 10% holder group	212 S. MAIN AVENUE, SUITE 145, SIOUX FALLS SD 57104
Ann S. Lux 2005 Irrevocable Trust Fbo Paul S. Lux Dated September 16, 2005	10 percent owner, other: Member of 10% holder group	5050 KEMPER AVENUE, ST. LOUIS MO 63169
Paul S. Lux	10 percent owner, other: Member of 10% holder group	5050 KEMPER AVENUE, ST. LOUIS MO 63139
Caroline L. Kaplan Revocable Trust Dated December 16, 2009	10 percent owner, other: Member of 10% holder group	5050 KEMPER AVENUE, ST. LOUIS MO 63139
Caroline Lux Kaplan	10 percent owner, other: Member of 10% holder group	5050 KEMPER AVENUE, ST. LOUIS MO 63139
Donn S. Lux	director, 10 percent owner, other: Member of 10% holder group	5050 KEMPER AVENUE, ST. LOUIS MO 63139
Luxco 2017 Irrevocable Trust Dated June 19, 2017	10 percent owner	5050 KEMPER AVENUE, ST. LOUIS MO 63139
Neha J Clark	director	C/O LIFEWAY FOODS, 6431 OAKTON STREET, MORTON GROVE IL 60053
Kevin Rauckman	director	1200 E 151 ST ST, OLATHE KS 66062
Todd B. Siwak	director	100 COMMERCIAL STREET, P.O. BOX 130, ATCHISON KS 66002