MGP Ingredients Inc (MGPI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,405,780 | 1,392,350 | 1,158,210 | 1,041,470 | 366,575 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,405,780K
= 0.00
The debt-to-assets ratio of MGP Ingredients Inc has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company relies solely on equity to fund its operations and investments, which can be seen as a positive sign of financial stability and management. It indicates that the company is not heavily leveraged and has a strong financial position with a lower risk of defaulting on its debt obligations.