MGP Ingredients Inc (MGPI)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 25,273 | 20,772 | 21,011 | 19,497 | 18,388 | 28,030 | 21,959 | 31,728 | 47,889 | 50,674 | 37,415 | 27,295 | 21,568 | 16,162 | 37,243 | 22,586 | 21,662 | 19,966 | 11,745 | 42,659 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 5 | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.27 | 0.25 | 0.25 | 0.24 | 0.16 | 0.31 | 0.19 | 0.31 | 0.45 | 0.50 | 0.40 | 0.32 | 0.24 | 0.19 | 0.45 | 0.41 | 0.41 | 0.45 | 0.30 | 1.03 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($25,273K
+ $—K
+ $—K)
÷ $92,450K
= 0.27
The quick ratio of MGP Ingredients Inc has displayed fluctuations over the periods analyzed. Starting at 1.03 as of March 31, 2020, the quick ratio showed a significant decline to 0.30 by June 30, 2020, indicating a potential liquidity strain. Subsequently, there was an improvement in the ratio to 0.45 by September 30, 2020, before decreasing slightly to 0.41 by December 31, 2020.
From March 31, 2021, to June 30, 2022, the quick ratio fluctuated within the range of 0.32 to 0.50. Notably, there was a significant drop to 0.19 as of September 30, 2021, suggesting a potential liquidity challenge. The ratio recovered to 0.45 by December 31, 2022, before declining again to 0.16 by December 31, 2023, indicating a possible strain on short-term liquidity.
As of December 31, 2024, the quick ratio was 0.27, showing a slight improvement from the previous period. Overall, the quick ratio of MGP Ingredients Inc reflects varying levels of liquidity over the analyzed periods, with the company facing fluctuations in its ability to meet short-term obligations with its most liquid assets.