Ag Growth International Balance Sheet Health
Financial Health criteria checks 1/6
Ag Growth International has a total shareholder equity of CA$318.0M and total debt of CA$865.3M, which brings its debt-to-equity ratio to 272.1%. Its total assets and total liabilities are CA$1.7B and CA$1.3B respectively. Ag Growth International's EBIT is CA$176.8M making its interest coverage ratio 2.4. It has cash and short-term investments of CA$88.0M.
Key information
272.1%
Debt to equity ratio
CA$865.28m
Debt
Interest coverage ratio | 2.4x |
Cash | CA$88.04m |
Equity | CA$317.98m |
Total liabilities | CA$1.34b |
Total assets | CA$1.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7AG's short term assets (CA$662.2M) exceed its short term liabilities (CA$548.0M).
Long Term Liabilities: 7AG's short term assets (CA$662.2M) do not cover its long term liabilities (CA$789.0M).
Debt to Equity History and Analysis
Debt Level: 7AG's net debt to equity ratio (244.4%) is considered high.
Reducing Debt: 7AG's debt to equity ratio has increased from 128.1% to 272.1% over the past 5 years.
Debt Coverage: 7AG's debt is not well covered by operating cash flow (12.2%).
Interest Coverage: 7AG's interest payments on its debt are not well covered by EBIT (2.4x coverage).