Ag Growth International (Ag Growth International) Debt-to-Equity : 2.87 (As of Mar. 2024)

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What is Ag Growth International Debt-to-Equity?

Ag Growth International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $132 Mil. Ag Growth International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $563 Mil. Ag Growth International's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $242 Mil. Ag Growth International's debt to equity for the quarter that ended in Mar. 2024 was 2.87.

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 Ag Growth International's Debt-to-Equity or its related term are showing as below:

AGGZF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.58 Med: 2.02 Max: 3.45
Current: 2.87

During the past 13 years, the highest Debt-to-Equity Ratio of Ag Growth International was 3.45. The lowest was 0.58. And the median was 2.02.

AGGZF's Debt-to-Equity is ranked worse than
96.28% of 188 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.395 vs AGGZF: 2.87

Ag Growth International Debt-to-Equity Historical Data

The historical data trend for Ag Growth International'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.

Ag Growth International Debt-to-Equity Chart

Ag Growth International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.16

3.20

3.30

3.45

2.85

Ag Growth International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															3.37	3.30	3.06	2.85	2.87

Competitive Comparison of Ag Growth International's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Ag Growth International'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.

Ag Growth International's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Ag Growth International's Debt-to-Equity distribution charts can be found below:

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

Ag Growth International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ag Growth International'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
	=	(133.057	+	542.963)	/	237.018
	=	2.85

Ag Growth International's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(132.211	+	562.569)	/	242.17
	=	2.87

Ag Growth International (OTCPK:AGGZF) 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.

Ag Growth International Debt-to-Equity Related Terms

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Ag Growth International (Ag Growth International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ag Growth International Inc (OTCPK:AGGZF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

7AG:Germany AFN:Canada

Address

198 Commerce Drive, Winnipeg, MB, CAN, R3P 0Z6

Website

https://www.aggrowth.com

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors. It has two reportable segment farm and commercial. Some of its brands are batco, wheatheart, westfield, storm, rem, hi roller, union iron, hsi, tramco, ptm, vis, nuvision. It has manufacturing facilities in Canada, the United States, Italy, Brazil, France, United Kingdom, and India. Its geographical segments are Canada, United States, and the International.