Forafric Global Ord Financials
This page shows Forafric Global Ord (AFRI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Forafric Global Ord has an operating margin of -2.8%, meaning the company retains $-3 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 0.4% the prior year.
Forafric Global Ord's revenue declined 9.2% year-over-year, from $302.0M to $274.2M. This contraction results in a growth score of 2/100.
Forafric Global Ord has elevated debt relative to equity (D/E of 2.47), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 20/100, reflecting increased financial risk.
Forafric Global Ord's current ratio of 0.37 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
Forafric Global Ord has a free cash flow margin of 7.9%, earning a moderate score of 40/100. The company generates positive cash flow after capital investments, but with room for improvement.
Forafric Global Ord passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Forafric Global Ord generates $-0.96 in operating cash flow ($23.5M OCF vs -$24.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Forafric Global Ord earns $-0.6 in operating income for every $1 of interest expense (-$7.8M vs $12.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Forafric Global Ord generated $274.2M in revenue in fiscal year 2024. This represents a decrease of 9.2% from the prior year.
Forafric Global Ord's EBITDA was -$2.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 139.1% from the prior year.
Forafric Global Ord generated $21.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 9.0% from the prior year.
Forafric Global Ord reported -$24.3M in net income in fiscal year 2024. This represents a decrease of 91.9% from the prior year.
Forafric Global Ord earned $-0.87 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 85.1% from the prior year.
Forafric Global Ord held $12.2M in cash against $13.1M in long-term debt as of fiscal year 2024.
Forafric Global Ord had 27M shares outstanding in fiscal year 2024. This represents an increase of 0.1% from the prior year.
Forafric Global Ord's gross margin was 10.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the prior year.
Forafric Global Ord's operating margin was -2.8% in fiscal year 2024, reflecting core business profitability. This is down 3.2 percentage points from the prior year.
Forafric Global Ord's net profit margin was -8.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.7 percentage points from the prior year.
Forafric Global Ord invested $1.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 81.3% from the prior year.
AFRI Income Statement
| Metric | Q4'24 | Q2'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A |
AFRI Balance Sheet
| Metric | Q4'24 | Q2'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|
| Total Assets | $246.1M-14.3% | $287.1M-7.2% | $309.4M+0.7% | $307.2M+2.4% | $299.9M |
| Current Assets | $77.4M-25.6% | $104.1M-14.2% | $121.2M-15.6% | $143.6M+22.1% | $117.5M |
| Cash & Equivalents | $12.2M-25.3% | $16.4M-31.8% | $24.0M-3.3% | $24.8M+72.5% | $14.4M |
| Inventory | $15.2M-46.9% | $28.7M+1.0% | $28.4M+4.3% | $27.2M-27.5% | $37.6M |
| Accounts Receivable | $18.0M-50.4% | $36.3M+4.5% | $34.7M+12.5% | $30.9M-4.5% | $32.3M |
| Goodwill | $42.9M-10.7% | $48.0M+9.1% | $44.0M+5.6% | $41.7M-19.2% | $51.6M |
| Total Liabilities | $240.8M-11.1% | $270.8M-3.4% | $280.2M+6.9% | $262.2M+3.9% | $252.3M |
| Current Liabilities | $207.3M-15.5% | $245.3M-3.3% | $253.7M+6.5% | $238.2M+17.4% | $202.9M |
| Long-Term Debt | $13.1M+23.9% | $10.6M-9.9% | $11.8M+19.6% | $9.8M-30.4% | $14.1M |
| Total Equity | $5.3M-67.4% | $16.3M-44.2% | $29.2M-35.0% | $45.0M-5.7% | $47.7M |
| Retained Earnings | -$139.7M-9.0% | -$128.1M-11.1% | -$115.4M-12.3% | -$102.7M-22.9% | -$83.5M |
AFRI Cash Flow Statement
| Metric | Q4'24 | Q2'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A |
AFRI Financial Ratios
| Metric | Q4'24 | Q2'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 0.37-0.1 | 0.42-0.1 | 0.48-0.1 | 0.60+0.0 | 0.58 |
| Debt-to-Equity | 2.47+1.8 | 0.65+0.2 | 0.40+0.2 | 0.22-0.1 | 0.30 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.37), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Forafric Global Ord's annual revenue?
Forafric Global Ord (AFRI) reported $274.2M in total revenue for fiscal year 2024. This represents a -9.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Forafric Global Ord's revenue growing?
Forafric Global Ord (AFRI) revenue declined by 9.2% year-over-year, from $302.0M to $274.2M in fiscal year 2024.
Is Forafric Global Ord profitable?
No, Forafric Global Ord (AFRI) reported a net income of -$24.3M in fiscal year 2024, with a net profit margin of -8.9%.
What is Forafric Global Ord's earnings per share (EPS)?
Forafric Global Ord (AFRI) reported diluted earnings per share of $-0.87 for fiscal year 2024. This represents a -85.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Forafric Global Ord's EBITDA?
Forafric Global Ord (AFRI) had EBITDA of -$2.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Forafric Global Ord have?
As of fiscal year 2024, Forafric Global Ord (AFRI) had $12.2M in cash and equivalents against $13.1M in long-term debt.
What is Forafric Global Ord's gross margin?
Forafric Global Ord (AFRI) had a gross margin of 10.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Forafric Global Ord's operating margin?
Forafric Global Ord (AFRI) had an operating margin of -2.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Forafric Global Ord's net profit margin?
Forafric Global Ord (AFRI) had a net profit margin of -8.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Forafric Global Ord's free cash flow?
Forafric Global Ord (AFRI) generated $21.7M in free cash flow during fiscal year 2024. This represents a -9.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Forafric Global Ord's operating cash flow?
Forafric Global Ord (AFRI) generated $23.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Forafric Global Ord's total assets?
Forafric Global Ord (AFRI) had $246.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Forafric Global Ord's capital expenditures?
Forafric Global Ord (AFRI) invested $1.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Forafric Global Ord have outstanding?
Forafric Global Ord (AFRI) had 27M shares outstanding as of fiscal year 2024.
What is Forafric Global Ord's current ratio?
Forafric Global Ord (AFRI) had a current ratio of 0.37 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Forafric Global Ord's debt-to-equity ratio?
Forafric Global Ord (AFRI) had a debt-to-equity ratio of 2.47 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Forafric Global Ord's return on assets (ROA)?
Forafric Global Ord (AFRI) had a return on assets of -9.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Forafric Global Ord's Piotroski F-Score?
Forafric Global Ord (AFRI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Forafric Global Ord's earnings high quality?
Forafric Global Ord (AFRI) has an earnings quality ratio of -0.96x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Forafric Global Ord cover its interest payments?
Forafric Global Ord (AFRI) has an interest coverage ratio of -0.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Forafric Global Ord?
Forafric Global Ord (AFRI) scores 12 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.