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AgriFORCE Growing Systems (AgriFORCE Growing Systems) Equity-to-Asset : 0.49 (As of Dec. 2023)


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What is AgriFORCE Growing Systems Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. AgriFORCE Growing Systems's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $8.57 Mil. AgriFORCE Growing Systems's Total Assets for the quarter that ended in Dec. 2023 was $17.37 Mil. Therefore, AgriFORCE Growing Systems's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.49.

The historical rank and industry rank for AgriFORCE Growing Systems's Equity-to-Asset or its related term are showing as below:

AGRI' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.18   Med: 0.49   Max: 0.69
Current: 0.49

During the past 6 years, the highest Equity to Asset Ratio of AgriFORCE Growing Systems was 0.69. The lowest was -0.18. And the median was 0.49.

AGRI's Equity-to-Asset is ranked worse than
55.84% of 1918 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs AGRI: 0.49

AgriFORCE Growing Systems Equity-to-Asset Historical Data

The historical data trend for AgriFORCE Growing Systems's Equity-to-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.

* Premium members only.

AgriFORCE Growing Systems Equity-to-Asset Chart

AgriFORCE Growing Systems Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial 0.69 0.42 0.68 0.48 0.49

AgriFORCE Growing Systems Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.48 0.41 0.40 0.42 0.49

Competitive Comparison of AgriFORCE Growing Systems's Equity-to-Asset

For the Farm Products subindustry, AgriFORCE Growing Systems's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AgriFORCE Growing Systems's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, AgriFORCE Growing Systems's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where AgriFORCE Growing Systems's Equity-to-Asset falls into.



AgriFORCE Growing Systems Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

AgriFORCE Growing Systems's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=8.565/17.368
=0.49

AgriFORCE Growing Systems's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=8.565/17.368
=0.49

* 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.


AgriFORCE Growing Systems  (NAS:AGRI) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


AgriFORCE Growing Systems Equity-to-Asset Related Terms

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AgriFORCE Growing Systems (AgriFORCE Growing Systems) Business Description

Traded in Other Exchanges
N/A
Address
300-2233 Columbia Street, Vancouver, BC, CAN, V5Y 0M6
AgriFORCE Growing Systems Ltd is a Canada-based company dedicated to transforming modern agricultural development through its proprietary patent-pending facility design and automated growing system. Its methods are designed to produce high-quality, pesticide-free, locally cultivated crops, cost-effectively and with the ability to quickly scale, in virtually any climate.
Executives
Ingo Wilhelm Mueller director, officer: Chief Executive Officer 300 - 2233 COLUMBIA STREET, VANCOUVER A1 V5Y 0M6
Amy Griffith director 718 OLD LANCASTER ROAD, BRYN MAWR PA 19010
Richard Levychin director 189 MONTAGUE STREET, APT. 28A, BROOKLYN NY 11201
Don Nicholson director 1602-1228 WEST HASTINGS ST, VANCOUVER A1 V6E 4S6
David Ryan Welch director 500 SOUTH GRAND AVENUE,, SUITE 1800, LOS ANGELES CA 90071
William John Meekison director 4475 ROSS CRESCENT, WEST VANCOUVER A1 V7W 1B4
Troy Mcclellan officer: President, AgriFORCE Solutions C/O AGRIFORCE GROWING SYSTEMS LTD, 300 - 2233 COLUMBIA STREET, VANCOUVER A1 V5Y 0M6