The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. AgriFORCE Growing Systems's current ratio for the quarter that ended in Dec. 2024 was 0.30.
AgriFORCE Growing Systems has a current ratio of 0.30. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If AgriFORCE Growing Systems has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for AgriFORCE Growing Systems's Current Ratio or its related term are showing as below:
AGRI'
s Current Ratio Range Over the Past 10 Years
Min: 0.3 Med: 0.7 Max: 3.55
Current: 0.3
During the past 7 years, AgriFORCE Growing Systems's highest Current Ratio was 3.55. The lowest was 0.30. And the median was 0.70.
AGRI's Current Ratio is ranked worse than 96.77% of 1917
companies
in the Consumer Packaged Goods industry
Industry Median: 1.69
vs AGRI: 0.30
AgriFORCE Growing Systems Current Ratio Historical Data
* 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.
Competitive Comparison of AgriFORCE Growing Systems's Current Ratio
For the Farm Products subindustry, AgriFORCE Growing Systems's Current Ratio, along with its competitors' market caps and Current Ratio 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 Current Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, AgriFORCE Growing Systems's Current Ratio distribution charts can be found below:
* The bar in red indicates where AgriFORCE Growing Systems's Current Ratio falls into.
* 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:AGRI) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
AgriFORCE Growing Systems Current Ratio Related Terms
Thank you for viewing the detailed overview of AgriFORCE Growing Systems's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
AgriFORCE Growing Systems Ltd is an Ag-Tech company with a primary focus on developing and utilizing its intellectual property assets for improvements dedicated to the agricultural industry. The company believes that this goal is achieved by using its proprietary IP for solutions in the agricultural industry as well as seeking the development of new IP to both enhance the technology which it has already retained in-house as well as development of new technologies which can increase its footprint in the Ag-Tech space. Its AgriFORCE Brands division is focused on the development and commercialization of plant-based ingredients and products that deliver more nutritious food. It will market and commercialize ingredient supplies, like its Awakened Flour and Awakened Grains.
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