MGP Ingredients, Inc.

MGP Ingredients, Inc.verified

MGPI

Price:

$85.12

Market Cap:

$1.87B

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, branded spirits, and food ingredients. It operates through three segments: Distillery Products; Branded Spirits; and Ingredient Solutions. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food-grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products. This segment also provides fuel-grade alcohol for blending with gasoline; distillers feed and related co-products, s...[Read more]

Industry

Beverages - Wineries & Distilleries

IPO Date

1988-10-21

Stock Exchange

NASDAQ

Ticker

MGPI

The Current Ratio as of September 2024 (TTM) for MGP Ingredients, Inc. (MGPI) is 6.44

According to MGP Ingredients, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 6.44. This represents a change of 12.76% compared to the average of 5.71 of the last 4 quarters.

MGP Ingredients, Inc. (MGPI) Historical Current Ratio (quarterly & annually)

How has MGPI Current Ratio performed in the past?

The mean historical Current Ratio of MGP Ingredients, Inc. over the last ten years is 3.73. The current 6.44 Current Ratio has changed 17.19% with respect to the historical average. Over the past ten years (40 quarters), MGPI's Current Ratio was at its highest in in the June 2024 quarter at 6.44. The Current Ratio was at its lowest in in the September 2014 quarter at 2.39.

Quarterly (TTM)
Annual

Average

3.73

Median

4.13

Minimum

2.42

Maximum

4.69

MGP Ingredients, Inc. (MGPI) Current Ratio by Quarter and Year

Discovering the peaks and valleys of MGP Ingredients, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 27.37%

Maximum Annual Current Ratio = 4.69

Minimum Annual Increase = -11.08%

Minimum Annual Current Ratio = 2.42

Quarterly (TTM)
Annual
YearCurrent RatioChange
20234.514.58%
20224.314.26%
20214.13-0.82%
20204.17-11.08%
20194.6913.58%
20184.1327.37%
20173.248.10%
20163.0023.82%
20152.42-9.49%
20142.6727.07%

MGP Ingredients, Inc. (MGPI) Average Current Ratio

How has MGPI Current Ratio performed in the past?

The current Current Ratio of MGP Ingredients, Inc. (MGPI) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

4.32

5-year avg

4.36

10-year avg

3.73

MGP Ingredients, Inc. (MGPI) Current Ratio vs. Peers

How is MGPI’s Current Ratio compared to its peers?

MGP Ingredients, Inc.’s Current Ratio is greater than Vintage Wine Estates, Inc. (0.67), greater than Brown-Forman Corporation (2.47), greater than Diageo plc (1.53), greater than Brown-Forman Corporation (2.47), greater than Constellation Brands, Inc. (1.23), less than The Duckhorn Portfolio, Inc. (8.09), greater than Pernod Ricard SA (1.84), greater than Willamette Valley Vineyards, Inc. (3.08), greater than Rémy Cointreau SA (2.50), greater than Treasury Wine Estates Limited (2.12),

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