Forafric Global (Forafric Global) Equity-to-Asset

: 0.08 (As of Jun. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Forafric Global's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $27.1 Mil. Forafric Global's Total Assets for the quarter that ended in Jun. 2023 was $341.6 Mil. Therefore, Forafric Global's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.08.

The historical rank and industry rank for Forafric Global's Equity-to-Asset or its related term are showing as below:

AFRI' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.08 Med: 0.13 Max: 0.22
Current: 0.08

During the past 4 years, the highest Equity to Asset Ratio of Forafric Global was 0.22. The lowest was 0.08. And the median was 0.13.

AFRI's Equity-to-Asset is ranked worse than
92.25% of 1910 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs AFRI: 0.08

Forafric Global Equity-to-Asset Historical Data

The historical data trend for Forafric Global's Equity-to-Asset 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 Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

0.22

0.13

0.12

Forafric Global Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Equity-to-Asset			-	0.13	0.15	0.12	0.08

Competitive Comparison

For the Farm Products subindustry, Forafric Global's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution

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

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

Forafric Global Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Forafric Global's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	38.053	/	307.164
	=	0.12

Forafric Global's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	27.148	/	341.636
	=	0.08

Forafric Global (NAS:AFRI) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Forafric Global Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Forafric Global's Equity-to-Asset 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 » Equity-to-Asset

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

From GuruFocus

Forafric Provides Business Update

By Business Wire • 12-13-2023

Forafric, a Leading African Agribusiness, Teams with Alapala to Nearly Double Wheat and Durum Processing Capacity

By Business Wire Business Wire • 06-14-2022

Forafric Achieves Record High Crushing Volume During First Half of 2022

By Business Wire Business Wire • 08-04-2022

Forafric Acquires SIMS mill in Marrakesh Increasing Crushing Capacity to More Than 300 Tons per Day

By Business Wire • 07-31-2023