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AgriFORCE Growing Systems (AgriFORCE Growing Systems) Cash-to-Debt : 0.94 (As of Dec. 2023)


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What is AgriFORCE Growing Systems Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. AgriFORCE Growing Systems's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.94.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, AgriFORCE Growing Systems couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for AgriFORCE Growing Systems's Cash-to-Debt or its related term are showing as below:

AGRIW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.41   Med: 93.25   Max: No Debt
Current: 0.94

During the past 6 years, AgriFORCE Growing Systems's highest Cash to Debt Ratio was No Debt. The lowest was 0.41. And the median was 93.25.

AGRIW's Cash-to-Debt is ranked better than
60.85% of 1852 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs AGRIW: 0.94

AgriFORCE Growing Systems Cash-to-Debt Historical Data

The historical data trend for AgriFORCE Growing Systems's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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AgriFORCE Growing Systems Cash-to-Debt Chart

AgriFORCE Growing Systems Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial No Debt 21.07 165.43 0.41 0.94

AgriFORCE Growing Systems Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash-to-Debt 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 0.41 0.47 0.15 0.10 0.94

Competitive Comparison of AgriFORCE Growing Systems's Cash-to-Debt

For the Farm Products subindustry, AgriFORCE Growing Systems's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.


AgriFORCE Growing Systems's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, AgriFORCE Growing Systems's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where AgriFORCE Growing Systems's Cash-to-Debt falls into.



AgriFORCE Growing Systems Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

AgriFORCE Growing Systems's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

AgriFORCE Growing Systems's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

* 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.


AgriFORCE Growing Systems  (NAS:AGRIW) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.


AgriFORCE Growing Systems Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of AgriFORCE Growing Systems's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.


AgriFORCE Growing Systems (AgriFORCE Growing Systems) Business Description

Traded in Other Exchanges
Address
300-2233 Columbia Street, Vancouver, BC, CAN, V5Y 0M6
AgriFORCE Growing Systems Ltd is a Canada-based company dedicated to transforming modern agricultural development through its proprietary patent-pending facility design and automated growing system. Its methods are designed to produce high-quality, pesticide-free, locally cultivated crops, cost-effectively and with the ability to quickly scale, in virtually any climate.