AgriFORCE Growing Systems Balance Sheet Health
Financial Health criteria checks 2/6
AgriFORCE Growing Systems has a total shareholder equity of $8.6M and total debt of $4.1M, which brings its debt-to-equity ratio to 48.2%. Its total assets and total liabilities are $17.4M and $8.8M respectively.
Key information
48.2%
Debt to equity ratio
US$4.13m
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.88m |
| Equity | US$8.56m |
| Total liabilities | US$8.80m |
| Total assets | US$17.37m |
Financial Position Analysis
Short Term Liabilities: AGRI's short term assets ($4.2M) do not cover its short term liabilities ($6.0M).
Long Term Liabilities: AGRI's short term assets ($4.2M) exceed its long term liabilities ($2.8M).
Debt to Equity History and Analysis
Debt Level: AGRI's net debt to equity ratio (2.9%) is considered satisfactory.
Reducing Debt: AGRI's debt to equity ratio has increased from 0% to 48.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: AGRI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: AGRI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 31.1% each year