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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MGP Ingredients's interest expense for the three months ended in Mar. 2024 was $ -2.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-7.7 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. MGP Ingredients's Operating Income for the three months ended in Mar. 2024 was $ 33.1 Mil. MGP Ingredients's Interest Expense for the three months ended in Mar. 2024 was $ -2.0 Mil. MGP Ingredients's Interest Coverage for the quarter that ended in Mar. 2024 was 16.41. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for MGP Ingredients's Interest Expense 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.
MGP Ingredients Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -1.31 | -2.27 | -4.04 | -5.45 | -6.65 |
MGP Ingredients Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Expense | Get a 7-Day Free Trial | -1.00 | -1.28 | -2.35 | -2.02 | -2.02 |
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.7 Mil.
* 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.
MGP Ingredients (NAS:MGPI) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
MGP Ingredients's Interest Expense for the three months ended in Mar. 2024 was $-2.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was $33.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $303.7 Mil.
MGP Ingredients's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2024 ) | / | Interest Expense (Q: Mar. 2024 ) |
= | -1 | * | 33.133 | / | -2.019 | |
= | 16.41 |
* 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.
The higher the ratio, the stronger the company's financial strength is.
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 |
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