MGP Ingredients Inc (MGPI)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 834,166 | 850,492 | 745,644 | 644,265 | 262,526 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $834,166K)
= 0.00
Based on the provided data, MGP Ingredients Inc has consistently maintained a debt-to-capital ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that MGP Ingredients Inc has been financing its operations and investments primarily through equity, which may indicate a conservative approach to financial management. It also implies a lower financial risk as there is no debt to service or repay, potentially providing stability and flexibility in the company's financial structure.