Forafric Global (Forafric Global) Debt-to-Equity : 7.62 (As of Jun. 2023)

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What is Forafric Global Debt-to-Equity?

Forafric Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $196.2 Mil. Forafric Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $10.6 Mil. Forafric Global's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $27.1 Mil. Forafric Global's debt to equity for the quarter that ended in Jun. 2023 was 7.62.

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 Forafric Global's Debt-to-Equity or its related term are showing as below:

AFRI' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.61 Med: 4.77 Max: 7.62
Current: 7.62

During the past 4 years, the highest Debt-to-Equity Ratio of Forafric Global was 7.62. The lowest was 2.61. And the median was 4.77.

AFRI's Debt-to-Equity is ranked worse than
98.42% of 1641 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs AFRI: 7.62

Forafric Global Debt-to-Equity Historical Data

The historical data trend for Forafric Global'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.

Forafric Global Debt-to-Equity Chart

Forafric Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

N/A

2.61

4.77

5.29

Forafric Global Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	4.77	3.88	5.29	7.62

Competitive Comparison of Forafric Global's Debt-to-Equity

For the Farm Products subindustry, Forafric Global'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.

Forafric Global's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Forafric Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Forafric Global's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(189.828	+	11.629)	/	38.053
	=	5.29

Forafric Global's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(196.194	+	10.636)	/	27.148
	=	7.62

Forafric Global (NAS:AFRI) 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.

Forafric Global Debt-to-Equity Related Terms

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

Forafric Global (Forafric Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Forafric Global PLC (NAS:AFRI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mustapha Jamaleddine, Unit 5.3, Madison Building, Midtown, Queensway, GIB, GX11 1AA

Website

https://www.forafric.com

Forafric Global PLC is engaged in production and sale of a variety of wheat flours, Semolina and Pasta and Couscous in Morocco and in more than 45 countries. The two main brands in Morocco are MAYMOUNA and TRIA. The company derives majority of its revenue from Soft wheat.

Executives

Paul Packer	director, 10 percent owner, officer: CEO; CFO; Secretary	C/O GLOBIS CAPITAL PARTNERS LP, 60 BROAD ST, NEW YORK NY 10004
Michael Ferguson	director	525 EXECUTIVE BOULEVARD, ELMSFORD NY 10523
John M Horne	director	P.O. BOX 547, JOHNSON AR 72741
Claude Benitah	director	NITSANA, 9, TEL-AVIV-YAFO L3 6811709
Globis Spac Llc	10 percent owner	805 3RD AVENUE, 15TH FLOOR, NEW YORK NY 10022

Forafric Global (Forafric Global) Headlines

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