MGPI (MGP Ingredients) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2024)

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What is MGP Ingredients LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. MGP Ingredients's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.23.

MGP Ingredients's long-term debt to total assets ratio increased from Dec. 2023 (0.21) to Dec. 2024 (0.23). It may suggest that MGP Ingredients is progressively becoming more dependent on debt to grow their business.

MGP Ingredients LT-Debt-to-Total-Asset Historical Data

The historical data trend for MGP Ingredients's LT-Debt-to-Total-Asset 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.

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MGP Ingredients LT-Debt-to-Total-Asset Chart

MGP Ingredients Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.11

0.23

0.20

0.21

0.23

MGP Ingredients Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.22	0.22	0.21	0.23

MGP Ingredients LT-Debt-to-Total-Asset Calculation

MGP Ingredients's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	329.081	/	1405.785
	=	0.23

MGP Ingredients's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	329.081	/	1405.785
	=	0.23

MGP Ingredients (NAS:MGPI) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

MGP Ingredients LT-Debt-to-Total-Asset Related Terms

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MGP Ingredients Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » MGP Ingredients Inc (NAS:MGPI) » Definitions » LT-Debt-to-Total-Asset

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 its revenue from the Distillery Solutions segment.

Executives

Todd B. Siwak	director	100 COMMERCIAL STREET, P.O. BOX 130, ATCHISON KS 66002
Karen Seaberg	director	20073 266TH ROAD, #266, ATCHISON KS 66002
Donn S. Lux	director, 10 percent owner, other: Member of 10% holder group	5050 KEMPER AVENUE, ST. LOUIS MO 63139
Mingus Lori L.s.	director	4123 HWY 49, PERRY KS 66073
Erika Lapish	officer: Vice President	100 COMMERCIAL STREET, P.O. BOX 130, ATCHISON KS 66002
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 Lux Kaplan	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
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