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MGPI (MGP Ingredients) Total Current Liabilities : $82.3 Mil (As of Sep. 2024)


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What is MGP Ingredients Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. MGP Ingredients's total current liabilities for the quarter that ended in Sep. 2024 was $82.3

MGP Ingredients Total Current Liabilities Historical Data

The historical data trend for MGP Ingredients's Total Current Liabilities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MGP Ingredients Total Current Liabilities Chart

MGP Ingredients Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.30 53.33 88.80 105.38 114.11

MGP Ingredients Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 90.11 114.11 80.26 84.79 82.34

MGP Ingredients Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

MGP Ingredients's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=94.544+9.718
+Other Current Liabilities+Current Deferred Liabilities
=9.844+0
=114.1

MGP Ingredients's Total Current Liabilities for the quarter that ended in Sep. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=75.938+6.4
+Other Current Liabilities+Current Deferred Liabilities
=-1.4210854715202E-14+0
=82.3

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

MGP Ingredients Total Current Liabilities Related Terms

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MGP Ingredients Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » MGP Ingredients Inc (NAS:MGPI) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
M1I:Germany
Address
100 Commercial Street, P.O. Box 130, Atchison, KS, USA, 66002
Website
https://www.mgpingredients.com
MGP Ingredients Inc is a producer and supplier of premium distilled spirits and specialty wheat protein and starch food ingredients. MGP also produces high-quality industrial alcohol for use in both food and non-food applications. It operates in three segments: Distillery Solutions, Branded Spirits Segment, and Ingredient Solutions. Distillery Solutions provides distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil: and warehouse services, including barrel put away, storage, and retrieval services. It derives most of its revenue from the Distillery Solutions segment.
Executives
Karen Seaberg director 20073 266TH ROAD, #266, ATCHISON KS 66002
Mingus Lori L.s. director 4123 HWY 49, PERRY KS 66073
Donn S. Lux director, 10 percent owner, other: Member of 10% holder group 5050 KEMPER AVENUE, ST. LOUIS MO 63139
Erika Lapish officer: Vice President 100 COMMERCIAL STREET, P.O. BOX 130, ATCHISON KS 66002
Brandon Gall officer: VP and Chief Financial Officer 6142 REINHARDT, FAIRWAY KS 66205
David Colo director C/O DIAMOND FOODS, INC., 600 MONTGOMERY STREET, 13TH FLOOR, SAN FRANCISCO CA 94111
Catherine N. Lux 10 percent owner, other: Member of 10% holder group 5050 KEMPER AVENUE, ST. LOUIS MO 63139
Cnl 2013 Irrevocable Trust Dated April 2, 2013 10 percent owner, other: Member of 10% holder group 212 S. MAIN AVENUE, SUITE 145, SIOUX FALLS SD 57104
Ann S. Lux 2005 Irrevocable Trust Fbo Paul S. Lux Dated September 16, 2005 10 percent owner, other: Member of 10% holder group 5050 KEMPER AVENUE, ST. LOUIS MO 63169
Paul S. Lux 10 percent owner, other: Member of 10% holder group 5050 KEMPER AVENUE, ST. LOUIS MO 63139
Caroline Lux Kaplan 10 percent owner, other: Member of 10% holder group 5050 KEMPER AVENUE, ST. LOUIS MO 63139
Caroline L. Kaplan Revocable Trust Dated December 16, 2009 10 percent owner, other: Member of 10% holder group 5050 KEMPER AVENUE, ST. LOUIS MO 63139
Luxco 2017 Irrevocable Trust Dated June 19, 2017 10 percent owner 5050 KEMPER AVENUE, ST. LOUIS MO 63139
Neha J Clark director C/O LIFEWAY FOODS, 6431 OAKTON STREET, MORTON GROVE IL 60053
Kevin Rauckman director 1200 E 151 ST ST, OLATHE KS 66062