Ag Growth International Balance Sheet Health
Financial Health criteria checks 1/6
Ag Growth International has a total shareholder equity of CA$252.3M and total debt of CA$1.0B, which brings its debt-to-equity ratio to 405.7%. Its total assets and total liabilities are CA$1.8B and CA$1.5B respectively. Ag Growth International's EBIT is CA$103.1M making its interest coverage ratio 1.4. It has cash and short-term investments of CA$30.6M.
Key information
405.67%
Debt to equity ratio
CA$1.02b
Debt
| Interest coverage ratio | 1.4x |
| Cash | CA$30.64m |
| Equity | CA$252.34m |
| Total liabilities | CA$1.51b |
| Total assets | CA$1.76b |
Recent financial health updates
Analysis Article • Oct 19
These 4 Measures Indicate That Ag Growth International (TSE:AFN) Is Using Debt Extensively
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Mar 07
Is Ag Growth International (TSE:AFN) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Nov 06
Ag Growth International (TSE:AFN) Takes On Some Risk With Its Use Of Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Recent updates
Narrative Update • Apr 26
AFN: Governance Reset And Reorganization Will Support Renewed Confidence
Analysts have lowered their average price targets on Ag Growth International, with recent cuts of CA$10, CA$13 and CA$19 contributing to a more cautious stance on the shares. Analyst Commentary Recent research updates point to a more cautious tone around Ag Growth International, with several firms cutting price targets and some moving to more negative ratings on the shares.Narrative Update • Apr 12
AFN: Brazil Review Clearance And Governance Reset Will Support Renewed Confidence
Narrative Update on Ag Growth International The updated analyst price target for Ag Growth International has moved lower by about CA$1.43, as analysts factor in softer revenue and margin assumptions, alongside a higher implied future P/E multiple. Analyst Commentary Recent Street research on Ag Growth International shows a mix of optimism and caution, with several firms adjusting targets and ratings as they reassess valuation and execution risks.Narrative Update • Mar 29
AFN: Brazil Review Clearance And Leadership Reset Will Support Renewed Confidence
Analysts have trimmed the consolidated CA$ fair value estimate for Ag Growth International from about CA$38.57 to roughly CA$23.71, as recent target cuts and downgrades have been paired with more conservative assumptions for revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent Street research on Ag Growth International has shifted toward a more cautious stance, with several firms cutting price targets or downgrading ratings, while a few earlier reports reflected more supportive views after prior filings were cleared.Narrative Update • Mar 12
AFN: Brazil Review Clearance Will Support Renewed Confidence In Medium Term
Analyst price targets for Ag Growth International have shifted within a CA$30 to CA$41 range. The latest updates reflect a mix of modest increases and one reduction as analysts weigh cleaner Brazil audit findings against agriculture market headwinds and current valuation.Narrative Update • Feb 25
AFN: Brazil Review Clearance And CEO Transition Will Drive Renewed Confidence
Analysts have slightly increased their fair value estimate for Ag Growth International to CA$38.57 from CA$38.13, reflecting a combination of higher published price targets, renewed Buy ratings, and updated views on the company’s audit outcomes and sector headwinds. Analyst Commentary Recent research updates on Ag Growth International point to a mix of optimism around execution and valuation, alongside some caution tied to sector conditions and revised targets.Narrative Update • Feb 10
AFN: Brazil Controls Review And CEO Transition Will Restore Confidence
Our updated fair value estimate for Ag Growth International edges down by about C$0.25 per share as analysts balance slightly higher discount-rate assumptions and modestly refined growth and profitability expectations against a mixed set of recent price target changes and ratings across the Street. Analyst Commentary Recent Street research on Ag Growth International reflects a split view, with some analysts focusing on valuation support and cleaner disclosure, while others highlight governance overhangs and reduced visibility.
New Narrative • Jan 29
Brazil Receivables And ERP Upgrades Will Shape Earnings Quality And Cash Stability
Catalysts About Ag Growth International Ag Growth International designs and supplies equipment and solutions for grain, food and feed handling, storage and processing across farm and commercial markets worldwide. What are the underlying business or industry changes driving this perspective?Narrative Update • Jan 26
AFN: Brazil Controls Review And Ag Cycle Recovery Will Restore Confidence
Analysts have adjusted their price targets on Ag Growth International in a mixed but generally supportive way, with several increases to around C$30 to C$41 and one reduction to C$40. These changes reflect updated views on revenue growth potential, profit expectations and valuation after recent financial reporting reviews.Narrative Update • Jan 11
AFN: Brazil Execution And Future Ag Cycle Recovery Will Restore Confidence
Analysts have trimmed their price targets on Ag Growth International, with the Street now clustering in a C$25 to C$50 range compared with prior targets as high as C$58. This reflects concerns around withdrawn 2025 guidance, accounting reviews in Brazil and softer expectations for near term North American farm recovery, despite some citing longer term upside drivers.Narrative Update • Dec 16
AFN: Future Ag Cycle Recovery Will Eventually Restore Market Confidence
Analysts have sharply reduced their price target on Ag Growth International to C$33 from C$58, reflecting heightened uncertainty around the company’s financial reporting review in Brazil, the withdrawal of 2025 guidance, and concerns that accounting questions and delayed North American farm recovery could weigh on sentiment, even as there are pockets of strength such as Brazil and potential upside from a future ag cycle and policy support. Analyst Commentary Analysts are divided on Ag Growth International, with recent actions reflecting both heightened caution around governance and accounting, and recognition of longer term structural demand drivers in key markets.Narrative Update • Dec 02
AFN: Upcoming Agricultural Cycle Recovery Will Improve Sentiment Despite Near-Term Challenges
Narrative Update The analyst price target for Ag Growth International has been lowered significantly, dropping from C$45 to C$38.80. Analysts cite increased uncertainty related to guidance withdrawals and ongoing reviews of financial reporting practices.Narrative Update • Nov 18
AFN: Recovery In Agricultural Cycle Will Drive Improved Market Sentiment
Analysts have lowered their price target for Ag Growth International from C$53.38 to C$45.00, citing uncertainty related to withdrawn guidance, ongoing financial reporting reviews, and delayed recovery in key markets. Analyst Commentary Recent research updates on Ag Growth International reflect mixed views from sector analysts amid significant company-specific uncertainties.Analysis Article • Nov 08
Why Investors Shouldn't Be Surprised By Ag Growth International Inc.'s (TSE:AFN) Low P/S
When close to half the companies operating in the Machinery industry in Canada have price-to-sales ratios (or "P/S...Analysis Article • Mar 08
Ag Growth International Inc. (TSE:AFN) Analysts Are Cutting Their Estimates: Here's What You Need To Know
Ag Growth International Inc. ( TSE:AFN ) last week reported its latest yearly results, which makes it a good time for...
New Narrative • Feb 12
Expansion Into Brazil, EMEA, And Asia-Pacific Will Strengthen Future Prospects
Strategic focus on international markets and operational excellence has stabilized margins and supports future revenue growth.Analysis Article • Jan 29
Ag Growth International Inc. (TSE:AFN) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Ag Growth International Inc. ( TSE:AFN ) shareholders that were waiting for something to happen have been dealt a blow...Analysis Article • Oct 19
These 4 Measures Indicate That Ag Growth International (TSE:AFN) Is Using Debt Extensively
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Sep 08
Investors Aren't Entirely Convinced By Ag Growth International Inc.'s (TSE:AFN) Revenues
It's not a stretch to say that Ag Growth International Inc.'s ( TSE:AFN ) price-to-sales (or "P/S") ratio of 0.7x right...Analysis Article • May 30
Ag Growth International (TSE:AFN) Shareholders Will Want The ROCE Trajectory To Continue
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...Analysis Article • May 08
Ag Growth International's (TSE:AFN) Earnings Offer More Than Meets The Eye
The stock was sluggish on the back of Ag Growth International Inc.'s ( TSE:AFN ) recent earnings report. We have done...Analysis Article • May 01
Ag Growth International Inc.'s (TSE:AFN) Business Is Trailing The Industry But Its Shares Aren't
It's not a stretch to say that Ag Growth International Inc.'s ( TSE:AFN ) price-to-sales (or "P/S") ratio of 0.7x right...Analysis Article • Mar 07
Is Ag Growth International (TSE:AFN) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Nov 06
Ag Growth International (TSE:AFN) Takes On Some Risk With Its Use Of Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Financial Position Analysis
Short Term Liabilities: AFN's short term assets (CA$653.4M) exceed its short term liabilities (CA$485.9M).
Long Term Liabilities: AFN's short term assets (CA$653.4M) do not cover its long term liabilities (CA$1.0B).
Debt to Equity History and Analysis
Debt Level: AFN's net debt to equity ratio (393.5%) is considered high.
Reducing Debt: AFN's debt to equity ratio has increased from 331.7% to 405.7% over the past 5 years.
Debt Coverage: AFN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AFN's interest payments on its debt are not well covered by EBIT (1.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/11 21:33 |
| End of Day Share Price | 2026/05/11 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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 |
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| 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.
Analysis Model and Snowflake
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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 Github.
Analyst Sources
Ag Growth International Inc. is covered by 13 analysts. 7 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 Cormark |
| Peter Prattas | Cantor Fitzgerald Canada Corporation |
| Hamir Patel | CIBC Capital Markets |