Ag Growth International Balance Sheet Health
Financial Health criteria checks 1/6
Ag Growth International has a total shareholder equity of CA$322.0M and total debt of CA$848.5M, which brings its debt-to-equity ratio to 263.5%. Its total assets and total liabilities are CA$1.6B and CA$1.3B respectively. Ag Growth International's EBIT is CA$145.6M making its interest coverage ratio 2. It has cash and short-term investments of CA$93.7M.
Key information
263.5%
Debt to equity ratio
CA$848.45m
Debt
| Interest coverage ratio | 2x |
| Cash | CA$93.68m |
| Equity | CA$321.97m |
| Total liabilities | CA$1.32b |
| Total assets | CA$1.64b |
Recent financial health updates
These 4 Measures Indicate That Ag Growth International (TSE:AFN) Is Using Debt Extensively
Oct 19
Is Ag Growth International (TSE:AFN) Using Too Much Debt?
Mar 07Ag Growth International (TSE:AFN) Takes On Some Risk With Its Use Of Debt
Nov 06These 4 Measures Indicate That Ag Growth International (TSE:AFN) Is Using Debt Extensively
May 10Ag Growth International (TSE:AFN) Seems To Be Using A Lot Of Debt
Feb 19Ag Growth International (TSE:AFN) Has No Shortage Of Debt
Aug 18Recent updates
These 4 Measures Indicate That Ag Growth International (TSE:AFN) Is Using Debt Extensively
Oct 19Investors Aren't Entirely Convinced By Ag Growth International Inc.'s (TSE:AFN) Revenues
Sep 08Ag Growth International (TSE:AFN) Shareholders Will Want The ROCE Trajectory To Continue
May 30Ag Growth International's (TSE:AFN) Earnings Offer More Than Meets The Eye
May 08Ag Growth International Inc.'s (TSE:AFN) Business Is Trailing The Industry But Its Shares Aren't
May 01Is Ag Growth International (TSE:AFN) Using Too Much Debt?
Mar 07Ag Growth International (TSE:AFN) Takes On Some Risk With Its Use Of Debt
Nov 06These 4 Measures Indicate That Ag Growth International (TSE:AFN) Is Using Debt Extensively
May 10Ag Growth International (TSE:AFN) Is Due To Pay A Dividend Of CA$0.15
Mar 28Are Investors Undervaluing Ag Growth International Inc. (TSE:AFN) By 33%?
Mar 13Ag Growth International (TSE:AFN) Has Announced A Dividend Of CA$0.15
Sep 27Ag Growth International (TSE:AFN) Seems To Be Using A Lot Of Debt
Feb 19Ag Growth International (TSE:AFN) Has Re-Affirmed Its Dividend Of CA$0.15
Sep 23Ag Growth International (TSE:AFN) Has No Shortage Of Debt
Aug 18Ag Growth International (TSE:AFN) Has Affirmed Its Dividend Of CA$0.15
Jun 25Know This Before Buying Ag Growth International Inc. (TSE:AFN) For Its Dividend
Mar 09Calculating The Fair Value Of Ag Growth International Inc. (TSE:AFN)
Jan 16
Financial Position Analysis
Short Term Liabilities: AFN's short term assets (CA$659.6M) exceed its short term liabilities (CA$467.8M).
Long Term Liabilities: AFN's short term assets (CA$659.6M) do not cover its long term liabilities (CA$852.7M).
Debt to Equity History and Analysis
Debt Level: AFN's net debt to equity ratio (234.4%) is considered high.
Reducing Debt: AFN's debt to equity ratio has increased from 197.4% to 263.5% over the past 5 years.
Debt Coverage: AFN's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: AFN's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 05:07 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ag Growth International Inc. is covered by 18 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tim Monachello | ATB Capital Markets |
| Peter Prattas | Cantor Fitzgerald Canada Corporation |
| Krista Friesen | CIBC Capital Markets |