Affinor Growers (XCNQ:AFI) Debt-to-Equity : 2.34 (As of Feb. 2024)

View and export this data going back to 2012. Start your Free Trial

What is Affinor Growers Debt-to-Equity?

Affinor Growers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.05 Mil. Affinor Growers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.59 Mil. Affinor Growers's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$0.27 Mil. Affinor Growers's debt to equity for the quarter that ended in Feb. 2024 was 2.34.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Affinor Growers's Debt-to-Equity or its related term are showing as below:

XCNQ:AFI' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.75 Med: 0.95 Max: 10.49
Current: 2.34

During the past 13 years, the highest Debt-to-Equity Ratio of Affinor Growers was 10.49. The lowest was -4.75. And the median was 0.95.

XCNQ:AFI's Debt-to-Equity is ranked worse than
94.66% of 1648 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs XCNQ:AFI: 2.34

Affinor Growers Debt-to-Equity Historical Data

The historical data trend for Affinor Growers's Debt-to-Equity 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.

Affinor Growers Debt-to-Equity Chart

Affinor Growers Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

Get a 7-Day Free Trial

1.67

1.40

3.05

Affinor Growers Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															1.29	3.05	10.49	-4.75	2.34

Competitive Comparison of Affinor Growers's Debt-to-Equity

For the Farm Products subindustry, Affinor Growers's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Affinor Growers's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Affinor Growers's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Affinor Growers's Debt-to-Equity falls into.

Affinor Growers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Affinor Growers's Debt to Equity Ratio for the fiscal year that ended in May. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.185	+	0.589)	/	0.254
	=	3.05

Affinor Growers's Debt to Equity Ratio for the quarter that ended in Feb. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.047	+	0.589)	/	0.272
	=	2.34

Affinor Growers (XCNQ:AFI) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Affinor Growers Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Affinor Growers's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Affinor Growers (XCNQ:AFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Affinor Growers Inc (XCNQ:AFI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RSSFF:USA 1AF0:Germany

Address

250-750 West Pender Street, Vancouver, BC, CAN, V6C 2T7

Website

https://www.affinorgrowers.com

Affinor Growers Inc is a farming technology company engaged in acquiring, patenting, and commercializing various agriculture technologies and vertical farming technology for the indoor controlled environment and outdoor greenhouse agriculture industry in North America. It produces strawberries and other crops, such as romaine lettuce and herbs using vertical farming technology. The company principally operates in North America. The Company's revenue model includes entering into licensing agreements that provide licensing revenue as well as earnings on sales of its equipment and sale of produce from its production facilities.

Executives

Karim Mohamedani

10% Security Holder

Affinor Growers (XCNQ:AFI) Headlines

No Headlines