MGP Ingredients Inc (MGPI)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 546,136 | 532,008 | 546,400 | 506,919 | 514,297 | 503,916 | 520,849 | 475,439 | 454,162 | 440,644 | 422,524 | 395,265 | 367,098 | 351,896 | 353,641 | 229,548 | 222,283 | 221,084 | 217,038 | 242,263 |
| Total current liabilities | US$ in thousands | 92,450 | 82,338 | 84,791 | 80,258 | 114,106 | 90,108 | 118,651 | 102,315 | 105,375 | 100,791 | 93,256 | 84,463 | 88,800 | 86,466 | 83,438 | 55,003 | 53,329 | 44,405 | 39,195 | 41,312 |
| Current ratio | 5.91 | 6.46 | 6.44 | 6.32 | 4.51 | 5.59 | 4.39 | 4.65 | 4.31 | 4.37 | 4.53 | 4.68 | 4.13 | 4.07 | 4.24 | 4.17 | 4.17 | 4.98 | 5.54 | 5.86 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $546,136K ÷ $92,450K
= 5.91
The current ratio of MGP Ingredients Inc has been relatively stable over the past few years, ranging from 4.17 to 6.46. This indicates that the company has a strong ability to meet its short-term obligations with its current assets. A current ratio above 1 typically suggests that a company can comfortably cover its short-term liabilities.
The current ratio reached its lowest point at 4.17 in December 2020 and March 2021, but has since shown improvement, reaching a peak of 6.46 in September 2024. This improvement suggests that the company's liquidity position has strengthened over time.
Overall, MGP Ingredients Inc's current ratio trend indicates a healthy liquidity position, and the company seems to have sufficient current assets to cover its short-term liabilities. However, it is essential to consider other factors and ratios in conjunction with the current ratio to get a complete picture of the company's financial health.