MGPI: the balance sheet

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MGP INGREDIENTS INC (MGPI)

Balance Sheets Overview

Current Ratio
273.55%
Quick Ratio
273.55%
Cash Ratio
5.60%
Debt to Asset Ratio
43.80%
Unit: Thousand (K) dollars
Assets Breakdown
Property, plant, and equipment
Less accumulated depreciation an...
Intangible assets, net
Others
Liabilities Breakdown
Additional paid-in capital
Retained earnings
Convertible senior notes
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	10,357	18,460	13,447	17,320
Receivables, net (less allowance for credit loss, 1,190 at both march 31, 2026, and december 31, 2025)	86,637	116,160	106,668	117,190
Inventory	403,107	382,741	384,523	379,702
Prepaid expenses	5,814	2,139	4,130	5,711
Refundable income taxes	134	3,209	2,006	320
Total current assets	506,049	522,709	510,774	520,243
Property, plant, and equipment	569,739	NaN	588,443	581,901
Less accumulated depreciation and amortization	272,199	NaN	261,462	256,150
Property, plant, and equipment, net	297,540	327,987	326,981	325,751
Operating lease right-of-use assets, net	11,885	13,847	14,849	15,270
Investment in joint venture	6,692	8,211	7,894	7,519
Intangible assets, net	206,893	244,696	266,010	266,824
Goodwill	0	115,667	247,789	247,789
Other assets	2,240	2,747	2,736	2,664
Total assets	1,031,299	1,235,864	1,377,033	1,386,060

Current maturities of long-term debt	6,400	6,400	6,400	6,400
Accounts payable	49,750	54,589	42,695	41,932
Contingent consideration	110,800	110,800	110,800	108,000
Federal and state excise taxes payable	3,654	5,755	2,452	3,855
Accrued expenses and other	14,387	22,507	21,584	18,424
Total current liabilities	184,991	200,051	183,931	178,611
Long-term debt, less current maturities	42,295	49,735	66,220	94,663
Convertible senior notes	196,263	196,183	196,103	196,023
Long-term operating lease liabilities	9,007	10,561	11,483	11,814
Contingent consideration	NaN	0	0	0
Other noncurrent liabilities	2,246	2,534	2,352	2,291
Deferred income taxes	16,856	60,010	63,405	62,529
Total liabilities	451,658	519,074	523,494	545,931
Preferred, 5 non-cumulative 10 par value authorized 1,000 shares issued and outstanding 437 shares	4	4	4	4
No par value authorized 40,000,000 shares issued 23,125,166 shares at march 31, 2026 and december 31, 2025 and 21,369,125 and 21,294,315 shares outstanding at march 31, 2026 and december 31, 2025, respectively	6,715	6,715	6,715	6,715
Additional paid-in capital	328,479	330,872	330,062	329,256
Retained earnings	308,307	445,736	582,973	570,154
Accumulated other comprehensive loss	-638	-373	-10	255
Treasury stock, at cost, 1,756,041 and 1,830,851 shares at march 31, 2026 and december 31, 2025, respectively	61,577	64,518	64,557	64,600
Total mgp ingredients, inc. stockholders equity	581,290	718,436	855,187	841,784
Noncontrolling interest	-1,649	-1,646	-1,648	-1,655
Total equity	579,641	716,790	853,539	840,129
Total liabilities and equity	1,031,299	1,235,864	1,377,033	1,386,060

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets