MGP Ingredients Inc (MGPI)
Financial leverage 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 assets | US$ in thousands | 1,405,780 | 1,440,620 | 1,434,100 | 1,390,280 | 1,392,350 | 1,366,360 | 1,395,130 | 1,184,190 | 1,158,210 | 1,132,080 | 1,106,620 | 1,076,820 | 1,041,470 | 1,017,470 | 1,014,300 | 381,102 | 366,575 | 361,746 | 357,013 | 382,402 |
| Total stockholders’ equity | US$ in thousands | 832,543 | 914,472 | 894,457 | 867,019 | 850,492 | 819,590 | 807,122 | 775,947 | 745,644 | 724,794 | 703,827 | 679,961 | 644,265 | 615,190 | 593,578 | 278,511 | 262,526 | 252,001 | 242,697 | 235,565 |
| Financial leverage ratio | 1.69 | 1.58 | 1.60 | 1.60 | 1.64 | 1.67 | 1.73 | 1.53 | 1.55 | 1.56 | 1.57 | 1.58 | 1.62 | 1.65 | 1.71 | 1.37 | 1.40 | 1.44 | 1.47 | 1.62 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,405,780K ÷ $832,543K
= 1.69
The financial leverage ratio of MGP Ingredients Inc has shown a gradual decrease from 1.62 as of March 31, 2020, to 1.58 as of March 31, 2024. This indicates that the company has been reducing its reliance on debt to finance its operations over the period. However, there was a slight increase in the ratio to 1.69 as of December 31, 2024, which suggests a potential increase in debt usage at the end of the period. Overall, MGP Ingredients Inc has maintained a relatively stable financial leverage position, with the ratio fluctuating within a narrow range over the years.