Agrify (Agrify) LT-Debt-to-Total-Asset : 0.39 (As of Dec. 2023)

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What is Agrify LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Agrify's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.39.

Agrify's long-term debt to total assets ratio increased from Dec. 2022 (0.03) to Dec. 2023 (0.39). It may suggest that Agrify is progressively becoming more dependent on debt to grow their business.

Agrify LT-Debt-to-Total-Asset Historical Data

The historical data trend for Agrify's LT-Debt-to-Total-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.

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Agrify LT-Debt-to-Total-Asset Chart

Agrify Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.39

Agrify Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.03	0.48	0.46	0.48	0.39

Agrify LT-Debt-to-Total-Asset Calculation

Agrify's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	17.441	/	45.27
	=	0.39

Agrify's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	17.441	/	45.27
	=	0.39

Agrify (NAS:AGFY) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Agrify LT-Debt-to-Total-Asset Related Terms

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Agrify (Agrify) Business Description

Industry

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

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