AgriFORCE Growing Systems (AgriFORCE Growing Systems) Debt-to-Equity

: 0.48 (As of Dec. 2023)

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AgriFORCE Growing Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.09 Mil. AgriFORCE Growing Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.05 Mil. AgriFORCE Growing Systems's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $8.57 Mil. AgriFORCE Growing Systems's debt to equity for the quarter that ended in Dec. 2023 was 0.48.

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 AgriFORCE Growing Systems's Debt-to-Equity or its related term are showing as below:

AGRI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.25 Max: 0.52
Current: 0.48

During the past 6 years, the highest Debt-to-Equity Ratio of AgriFORCE Growing Systems was 0.52. The lowest was 0.01. And the median was 0.25.

AGRI's Debt-to-Equity is ranked worse than
54.43% of 1635 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs AGRI: 0.48

AgriFORCE Growing Systems Debt-to-Equity Historical Data

The historical data trend for AgriFORCE Growing Systems'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.

AgriFORCE Growing Systems Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.02

0.01

0.52

0.48

AgriFORCE Growing Systems Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity															0.52	0.71	0.92	0.83	0.48

Competitive Comparison

For the Farm Products subindustry, AgriFORCE Growing Systems'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.

AgriFORCE Growing Systems Debt-to-Equity Distribution

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

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

AgriFORCE Growing Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AgriFORCE Growing Systems'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
	=	(4.085	+	0.045)	/	8.565
	=	0.48

AgriFORCE Growing Systems'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
	=	(4.085	+	0.045)	/	8.565
	=	0.48

AgriFORCE Growing Systems (NAS:AGRI) 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.

AgriFORCE Growing Systems Debt-to-Equity Related Terms

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AgriFORCE Growing Systems (AgriFORCE Growing Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AgriFORCE Growing Systems Ltd (NAS:AGRI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

300-2233 Columbia Street, Vancouver, BC, CAN, V5Y 0M6

Website

https://www.agriforcegs.com

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.

Executives

Ingo Wilhelm Mueller	director, officer: Chief Executive Officer	300 - 2233 COLUMBIA STREET, VANCOUVER A1 V5Y 0M6
Amy Griffith	director	718 OLD LANCASTER ROAD, BRYN MAWR PA 19010
Richard Levychin	director	189 MONTAGUE STREET, APT. 28A, BROOKLYN NY 11201
Don Nicholson	director	1602-1228 WEST HASTINGS ST, VANCOUVER A1 V6E 4S6
David Ryan Welch	director	500 SOUTH GRAND AVENUE,, SUITE 1800, LOS ANGELES CA 90071
William John Meekison	director	4475 ROSS CRESCENT, WEST VANCOUVER A1 V7W 1B4
Troy Mcclellan	officer: President, AgriFORCE Solutions	C/O AGRIFORCE GROWING SYSTEMS LTD, 300 - 2233 COLUMBIA STREET, VANCOUVER A1 V5Y 0M6