Agrify (Agrify) Debt-to-Equity : -1.56 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Agrify Debt-to-Equity?

Agrify's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.81 Mil. Agrify's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $17.44 Mil. Agrify's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-14.94 Mil. Agrify's debt to equity for the quarter that ended in Dec. 2023 was -1.56.

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

AGFY' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.42 Med: -1.56 Max: 0.02
Current: -1.56

During the past 6 years, the highest Debt-to-Equity Ratio of Agrify was 0.02. The lowest was -3.42. And the median was -1.56.

AGFY's Debt-to-Equity is not ranked
in the Construction industry.
Industry Median: 0.43 vs AGFY: -1.56

Agrify Debt-to-Equity Historical Data

The historical data trend for Agrify'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.

Agrify Debt-to-Equity Chart

Agrify Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-2.02

0.02

-3.42

-1.56

Agrify Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial														-3.42	-1.60	-1.17	-1.06	-1.56

Competitive Comparison of Agrify's Debt-to-Equity

For the Engineering & Construction subindustry, Agrify'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.

Agrify's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Agrify's Debt-to-Equity distribution charts can be found below:

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

Agrify Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Agrify's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(5.809	+	17.441)	/	-14.94
	=	-1.56

Agrify's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(5.809	+	17.441)	/	-14.94
	=	-1.56

Agrify (NAS:AGFY) 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.

Agrify Debt-to-Equity Related Terms

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

Agrify (Agrify) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Agrify Corp (NAS:AGFY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2468 Industrial Row Drive, Troy, MI, USA, 48084

Website

https://www.agrify.com

Agrify Corp provides hardware and software grow solutions for the indoor agriculture marketplace and provides equipment and solutions for cultivation, extraction, post-processing, and testing for the cannabis and hemp industry. The products offered by the company include Integrated Grow Racks, LED Grow Lights, Hydroponics, and Vertical Farming Units.

Executives

Brian Towns	officer: EVP - Extraction Division	76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
Raymond Nobu Chang	director, 10 percent owner, officer: CEO & Chairman of the BOD	C/O AGRIFY CORPORATION, 101 MIDDLESEX TURNPIKE, SUITE 6, PMB 326, BURLINGTON MA 01803
Guichao Hua	director	C/O AGRIFY CORPORATION, 101 MIDDLESEX TURNPIKE, SUITE 6, PMB 326, BURLINGTON MA 01803
Timothy John Hayden	officer: Chief Revenue Officer	76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
Christopher J Benyo	officer: Chief Revenue Officer	76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
Max Holtzman	director	76 TREBLE COVE ROAD BUILDING 3, BILLERICA MA 01862
Steve Drucker	officer: Chief Information Officer	76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
David Aaron Kessler	officer: Chief Scientific Officer	76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
Leonard J Sokolow	director	REGATTA OFFICE PARK, WINDWARD THREE, 4TH FLOOR, WEST BAY ROAD, P.O. BOX 1114, GRAND CAYMAN E9 E9 KY11102
Stuart Anthony Wilcox	director	1 EAST ARMOUR BOULEVARD, KANSAS CITY MO 10178
Timothy Mahoney	director
Niv Krikov	officer: Chief Financial Officer	15 YOSEF KRONENBERG ST., REHOVOT L3 76662
Timothy Oakes	director	20 HARVARD MILL SQUARE, WAKEFIELD MA 01880
Robert Reed Harrison	officer: Chief Operating Officer	C/O AGRIFY CORPORATION, 101 MIDDLESEX TURNPIKE, SUITE 6, PMB 326, BURLINGTON MA 01803
Thomas L Massie	director	130 NEW BOSTON STREET, WOBURN MA 01801