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AGFY (Agrify) Interest Coverage : No Debt (1) (As of Mar. 2025)


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What is Agrify Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Agrify's Operating Income for the three months ended in Mar. 2025 was $-3.70 Mil. Agrify's Interest Expense for the three months ended in Mar. 2025 was $0.00 Mil. Agrify has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Agrify's Interest Coverage or its related term are showing as below:


AGFY's Interest Coverage is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 9.72
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Agrify Interest Coverage Historical Data

The historical data trend for Agrify's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Agrify Interest Coverage Chart

Agrify Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
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Agrify Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - No Debt

Competitive Comparison of Agrify's Interest Coverage

For the Farm & Heavy Construction Machinery subindustry, Agrify's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Agrify's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Agrify's Interest Coverage falls into.


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Agrify Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Agrify's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Agrify's Interest Expense was $-0.26 Mil. Its Operating Income was $-12.38 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.26 Mil.

Agrify did not have earnings to cover the interest expense.

Agrify's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Agrify's Interest Expense was $0.00 Mil. Its Operating Income was $-3.70 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Agrify had no debt (1).

* 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.

The higher the ratio, the stronger the company's Financial Strength is.


Agrify  (NAS:AGFY) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Agrify Interest Coverage Related Terms

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


Agrify Business Description

Traded in Other Exchanges
N/A
Address
2468 Industrial Row Drive, Troy, MI, USA, 48084
Agrify Corp is a developer of branded inventive solutions for the cannabis and hemp industries. Its Senorita brand offers consumers hemp-derived tetrahydrocannabinol (THC) beverages that mirror cocktails like a margarita - in three flavors - classic Lime Jalapeno Margarita, Mango Margarita, and Paloma. In addition to beverages, Agrify has also historically been a provider of inventive cultivation and extraction solutions for the cannabis industry. Its comprehensive extraction product line, which includes hydrocarbon, alcohol, solventless, post-processing, and lab equipment, empowers producers to maximize the quantity and quality of extract required for premium concentrates.
Executives
Krishnan Varier director C/O AGRIFY CORPORATION, 101 MIDDLESEX TURNPIKE, SUITE 6, PMB 326, BURLINGTON MA 01803
Max Holtzman director 76 TREBLE COVE ROAD BUILDING 3, BILLERICA MA 01862
Timothy Mahoney director
Brian Towns officer: EVP - Extraction Division 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
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
Steve Drucker officer: Chief Information 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
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
Niv Krikov officer: Chief Financial Officer 15 YOSEF KRONENBERG ST., REHOVOT L3 76662