How much debt does AppHarvest have?

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

Total Debt and Liabilities

AppHarvest's total debt stands at $291.15M. This is broken down into:

• Long-term debt: $286.95M
• Short-term debt: $4.20M

The company's net debt, which accounts for cash and cash equivalents, is $236.82M. In terms of overall financial obligations, AppHarvest's total liabilities amount to $335.04M.

Debt Ratios and Metrics

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

• Debt to Equity Ratio: 1.12 - this indicates the proportion of equity and debt the company uses to finance its assets.
• Debt Ratio: 48.91% - this shows the proportion of a company's assets that are financed through debt.
• Interest Coverage Ratio: -3.48 - this measures how easily a company can pay interest on its outstanding debt.
• Long-term Debt to Capitalization: 52.44% - this shows the proportion of long-term debt in the company's capital structure.
• Total Debt to Capitalization: 52.80% - this indicates the total debt in the company's capital structure.

These metrics provide insight into AppHarvest'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.