African Agriculture Holdings (African Agriculture Holdings) Cash-to-Debt : 0.00 (As of Sep. 2023)

View and export this data going back to 2023. Start your Free Trial

What is African Agriculture Holdings Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. African Agriculture Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.00.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, African Agriculture Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for African Agriculture Holdings's Cash-to-Debt or its related term are showing as below:

AAGR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.24
Current: 0.24

During the past 3 years, African Agriculture Holdings's highest Cash to Debt Ratio was 0.24. The lowest was 0.00. And the median was 0.00.

AAGR's Cash-to-Debt is ranked worse than
65.5% of 1855 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs AAGR: 0.24

African Agriculture Holdings Cash-to-Debt Historical Data

The historical data trend for African Agriculture Holdings's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

African Agriculture Holdings Cash-to-Debt Chart

African Agriculture Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.24

African Agriculture Holdings Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			-	-	-	-	0.24

Competitive Comparison of African Agriculture Holdings's Cash-to-Debt

For the Farm Products subindustry, African Agriculture Holdings's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

African Agriculture Holdings's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, African Agriculture Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where African Agriculture Holdings's Cash-to-Debt falls into.

African Agriculture Holdings Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

African Agriculture Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2.788	/	(4.917	+	6.819)
	=	0.24

African Agriculture Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.034	/	(4.933	+	7.008)
	=	0.00

African Agriculture Holdings (NAS:AAGR) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

African Agriculture Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of African Agriculture Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

African Agriculture Holdings (African Agriculture Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » African Agriculture Holdings Inc (NAS:AAGR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

African Agriculture Holdings Inc is a holding company that operates principally through its wholly-owned subsidiary, which is developing the company's initial commercial farming business based in northern Senegal focusing on the production and sale of alfalfa for cattle feed and nutrition purposes. The company will sell alfalfa to owners and suppliers of cattle for feed and nutritional purposes, primarily in Senegal and the surrounding regions in Africa, the Economic Community of West African States (ECOWAS) region and the Middle East.