Forafric Global PLC (AFRIW) Financial Statements
Price: $0.6481
Market Cap: $17.42M
Avg Volume: 14.54K
Market Cap: $17.42M
Avg Volume: 14.54K
Country: GI
Industry: Agricultural Farm Products
Sector: Consumer Defensive
Industry: Agricultural Farm Products
Sector: Consumer Defensive
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Forafric Global PLC.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $305.48M | $289.77M | $261.68M | $196.60M | $183.21M |
| Cost of Revenue | $275.05M | $260.40M | $219.31M | $156.19M | $147.50M |
| Gross Profit | $30.43M | $29.37M | $42.37M | $40.41M | $35.71M |
| Gross Profit Ratio | 9.96% | 10.14% | 16.19% | 20.55% | 19.49% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $29.29M | $30.80M | $38.98M | $30.52M | $31.73M |
| Other Expenses | $- | $-1.69M | $- | $- | $- |
| Operating Expenses | $29.29M | $30.80M | $38.98M | $30.52M | $31.73M |
| Cost and Expenses | $304.34M | $291.19M | $258.29M | $186.71M | $179.23M |
| Interest Income | $37.00K | $34.00K | $543.00K | $3.00K | $5.00K |
| Interest Expense | $14.02M | $12.51M | $10.36M | $6.85M | $9.43M |
| Depreciation and Amortization | $6.08M | $6.59M | $5.21M | $4.97M | $5.04M |
| EBITDA | $7.48M | $-2.12M | $7.70M | $14.87M | $8.89M |
| EBITDA Ratio | 2.45% | -0.73% | 2.94% | 7.56% | 4.85% |
| Operating Income | $1.13M | $-3.08M | $3.39M | $9.89M | $3.98M |
| Operating Income Ratio | 0.37% | -1.06% | 1.29% | 5.03% | 2.17% |
| Total Other Income Expenses Net | $-13.75M | $-19.81M | $-11.26M | $-9.89M | $-9.57M |
| Income Before Tax | $-12.61M | $-21.23M | $-7.87M | $4.00K | $-5.59M |
| Income Before Tax Ratio | -4.13% | -7.33% | -3.01% | 0.00% | -3.05% |
| Income Tax Expense | $-106.00K | $-2.06M | $-89.00K | $143.00K | $2.51M |
| Net Income | $-12.68M | $-19.17M | $-7.78M | $-139.00K | $-8.10M |
| Net Income Ratio | -4.15% | -6.62% | -2.97% | -0.07% | -4.42% |
| EPS | $-0.47 | $-0.72 | $-0.38 | $-0.01 | $-0.31 |
| EPS Diluted | $-0.47 | $-0.72 | $-0.38 | $-0.01 | $-0.31 |
| Weighted Average Shares Outstanding | 26.88M | 26.60M | 20.56M | 15.05M | 26.46M |
| Weighted Average Shares Outstanding Diluted | 26.88M | 26.60M | 20.56M | 15.05M | 26.46M |
| SEC Filing | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $24.02M | $24.83M | $14.39M | $12.68M | $8.99M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $24.02M | $24.83M | $14.39M | $12.68M | $8.99M |
| Net Receivables | $54.74M | $75.78M | $57.55M | $37.41M | $27.95M |
| Inventory | $28.38M | $27.22M | $37.56M | $26.55M | $14.86M |
| Other Current Assets | $14.11M | $15.74M | $8.05M | $5.92M | $12.48M |
| Total Current Assets | $121.24M | $143.57M | $117.55M | $82.56M | $64.29M |
| Property Plant Equipment Net | $130.31M | $110.96M | $125.83M | $106.25M | $102.74M |
| Goodwill | $48.49M | $45.90M | $51.57M | $48.07M | $44.67M |
| Intangible Assets | $4.65M | $3.72M | $3.98M | $363.00K | $448.00K |
| Goodwill and Intangible Assets | $53.14M | $49.62M | $55.55M | $48.44M | $45.12M |
| Long Term Investments | $- | $- | $- | $116.15M | $- |
| Tax Assets | $- | $- | $- | $-116.15M | $- |
| Other Non-Current Assets | $4.77M | $3.01M | $973.00K | $484.00K | $427.00K |
| Total Non-Current Assets | $188.21M | $163.59M | $182.35M | $155.17M | $148.29M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $309.45M | $307.16M | $299.90M | $237.74M | $212.58M |
| Account Payables | $46.46M | $27.30M | $26.20M | $12.84M | $13.73M |
| Short Term Debt | $185.44M | $189.83M | $163.71M | $120.52M | $92.05M |
| Tax Payables | $5.58M | $5.52M | $8.65M | $8.14M | $- |
| Deferred Revenue | $1.27M | $540.00K | $1.91M | $3.62M | $- |
| Other Current Liabilities | $14.51M | $15.00M | $2.43M | $3.93M | $19.37M |
| Total Current Liabilities | $253.26M | $238.18M | $202.90M | $149.05M | $125.14M |
| Long Term Debt | $13.33M | $11.63M | $35.08M | $14.83M | $139.46M |
| Deferred Revenue Non-Current | $- | $10.73M | $26.18M | $9.04M | $- |
| Deferred Tax Liabilities Non-Current | $10.98M | $12.40M | $18.72M | $21.86M | $- |
| Other Non-Current Liabilities | $2.68M | $- | $-4.45M | $- | $22.06M |
| Total Non-Current Liabilities | $26.98M | $24.03M | $49.35M | $36.69M | $161.51M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $280.24M | $262.21M | $252.25M | $185.74M | $286.66M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $27.00K | $57.00K | $120.00M | $120.00M | $4.00K |
| Retained Earnings | $-115.35M | $-102.68M | $-83.55M | $-74.40M | $-74.62M |
| Accumulated Other Comprehensive Income Loss | $-5.00M | $-2.98M | $3.69M | $6.31M | $535.00K |
| Other Total Stockholders Equity | $143.13M | $143.66M | $119.98M | $- | $1 |
| Total Stockholders Equity | $22.80M | $38.05M | $40.13M | $51.91M | $-74.08M |
| Total Equity | $29.21M | $44.95M | $47.65M | $51.99M | $-74.08M |
| Total Liabilities and Stockholders Equity | $309.45M | $307.16M | $299.90M | $237.74M | $212.58M |
| Minority Interest | $6.41M | $6.90M | $7.52M | $82.00K | $- |
| Total Liabilities and Total Equity | $309.45M | $307.16M | $299.90M | $237.74M | $212.58M |
| Total Investments | $- | $- | $- | $116.15M | $- |
| Total Debt | $198.77M | $201.46M | $191.34M | $135.35M | $231.51M |
| Net Debt | $174.75M | $176.63M | $176.95M | $122.67M | $222.51M |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $-12.68M | $-19.17M | $-7.78M | $-139.00K | $-8.10M |
| Depreciation and Amortization | $6.08M | $6.59M | $5.21M | $4.97M | $5.04M |
| Deferred Income Tax | $-2.09M | $-4.29M | $-2.58M | $-1.88M | $388.00K |
| Stock Based Compensation | $169.00K | $125.00K | $- | $- | $- |
| Change in Working Capital | $41.48M | $-36.25M | $-22.15M | $-15.59M | $-1.68M |
| Accounts Receivables | $24.36M | $-4.65M | $-4.37M | $3.29M | $30.98M |
| Inventory | $447.00K | $6.33M | $-9.82M | $-11.68M | $19.90M |
| Accounts Payables | $15.73M | $5.25M | $2.33M | $-2.99M | $-58.96M |
| Other Working Capital | $949.00K | $-43.18M | $-10.28M | $-4.21M | $6.39M |
| Other Non Cash Items | $359.00K | $-4.58M | $2.79M | $1.51M | $3.01M |
| Net Cash Provided by Operating Activities | $33.33M | $-57.57M | $-24.52M | $-11.13M | $-1.34M |
| Investments in Property Plant and Equipment | $-9.53M | $-4.79M | $-7.00M | $-1.29M | $-1.73M |
| Acquisitions Net | $-37.00K | $765.00K | $-8.64M | $- | $- |
| Purchases of Investments | $- | $- | $-385.00K | $-116.15M | $- |
| Sales Maturities of Investments | $- | $- | $-146.00K | $- | $- |
| Other Investing Activities | $-272.00K | $503.00K | $123.00K | $116.39M | $1.66M |
| Net Cash Used for Investing Activities | $-9.84M | $-4.03M | $-16.05M | $-1.05M | $-70.00K |
| Debt Repayment | $-21.18M | $56.96M | $42.75M | $18.77M | $-37.93M |
| Common Stock Issued | $1.00K | $7.17M | $- | $116.66M | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $1.00K | $18.03M | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $-21.18M | $74.99M | $42.75M | $18.77M | $-37.93M |
| Effect of Forex Changes on Cash | $-3.11M | $-2.96M | $-482.00K | $-2.90M | $-434.00K |
| Net Change in Cash | $-806.00K | $10.43M | $1.71M | $3.69M | $-39.77M |
| Cash at End of Period | $24.02M | $24.83M | $14.39M | $12.68M | $8.99M |
| Cash at Beginning of Period | $24.83M | $14.39M | $12.68M | $8.99M | $48.77M |
| Operating Cash Flow | $33.33M | $-57.57M | $-24.52M | $-11.13M | $-1.34M |
| Capital Expenditure | $-9.85M | $-4.79M | $-7.00M | $-1.29M | $-1.73M |
| Free Cash Flow | $23.48M | $-62.36M | $-31.52M | $-12.42M | $-3.07M |