AgriFORCE Growing Systems (AGRIW) Debt Metrics

Price: $0.0046
Market Cap: $69.23K
Avg Volume: -
Country: CA
Industry: Agricultural Farm Products
Sector: Consumer Defensive
Beta: 0.079
52W Range: $0.0046-0.008
Website: AgriFORCE Growing Systems

How much debt does AgriFORCE Growing Systems have?

According to AgriFORCE Growing Systems's latest annual financial reports, the company's debt profile is as follows:

Total Debt and Liabilities

AgriFORCE Growing Systems's total debt stands at $4.13M. This is broken down into:

  • Long-term debt: $45.37K
  • Short-term debt: $4.08M

The company's net debt, which accounts for cash and cash equivalents, is $251.43K. In terms of overall financial obligations, AgriFORCE Growing Systems's total liabilities amount to $8.80M.

Debt Ratios and Metrics

To better understand AgriFORCE Growing Systems's debt position, we can look at several key ratios:

  • Debt to Equity Ratio: 0.48 - this indicates the proportion of equity and debt the company uses to finance its assets.
  • Debt Ratio: 23.78% - this shows the proportion of a company's assets that are financed through debt.
  • Interest Coverage Ratio: -1.40 - this measures how easily a company can pay interest on its outstanding debt.
  • Long-term Debt to Capitalization: 0.53% - this shows the proportion of long-term debt in the company's capital structure.
  • Total Debt to Capitalization: 32.53% - this indicates the total debt in the company's capital structure.

These metrics provide insight into AgriFORCE Growing Systems's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.

Total Debt

$4.13M

Long-term Debt

$45.37K

Short-term Debt

$4.08M

Net Debt

$251.43K

Total Liabilities

$8.80M

Interest Coverage

-1.40

Debt to Equity Ratio

0.48

Debt Ratio

23.78%

AgriFORCE Growing Systems Historical Debt Metrics
Total Debt
Long-term Debt
Short-term Debt
Net Debt
$6.00M$6.00M$3.00M$3.00M$0.00$0.00-$3.00M-$3.00M-$6.00M-$6.00M-$9.00M-$9.00MDebt Metrics2019201920202020202120212022202220232023

AgriFORCE Growing Systems Historical Debt

The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2023.

Year Total Debt Long-term Debt Short-term Debt Net Debt Total Liabilities Debt to Equity Debt Ratio Interest Coverage Long-term Debt to Capitalization Total Debt to Capitalization
2023 $4.13M $45.37K $4.08M $251.43K $8.80M 0.48 23.78% -1.40 0.53% 32.53%
2022 $5.51M $1.29M $4.21M $3.24M $11.30M 0.38 18.25% -4.02 0.42% 27.44%
2021 $47.33K $47.33K $- $-7.73M $3.77M 0.01 0.40% -14.33 0.59% 0.59%
2020 $31.42K $31.42K $- $-621.99K $1.96M 0.02 0.93% 0.00 2.19% 2.19%
2019 $- $- $- $-2.16M $1.38M 0.00 0.00% 0.00 0.00% 0.00%
2018 $- $- $- $-79.02K $264.19K 0.00 0.00% 0.00 0.00% 0.00%