FORAFRIC GLOBAL PLC Financials
This page shows FORAFRIC GLOBAL PLC (AFRIW) 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 PLC 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 PLC'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 PLC 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 PLC'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 PLC 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 PLC 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 PLC 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 PLC 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 PLC generated $274.2M in revenue in fiscal year 2024. This represents a decrease of 9.2% from the prior year.
FORAFRIC GLOBAL PLC'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 PLC 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 PLC reported -$24.3M in net income in fiscal year 2024. This represents a decrease of 91.9% from the prior year.
FORAFRIC GLOBAL PLC earned $-0.87 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 85.1% from the prior year.
FORAFRIC GLOBAL PLC held $12.2M in cash against $13.1M in long-term debt as of fiscal year 2024.
FORAFRIC GLOBAL PLC had 27M shares outstanding in fiscal year 2024. This represents an increase of 0.1% from the prior year.
FORAFRIC GLOBAL PLC'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 PLC'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 PLC'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 PLC 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.
AFRIW 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 |
AFRIW 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 |
AFRIW 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 |
AFRIW 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 PLC's annual revenue?
FORAFRIC GLOBAL PLC (AFRIW) 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 PLC's revenue growing?
FORAFRIC GLOBAL PLC (AFRIW) revenue declined by 9.2% year-over-year, from $302.0M to $274.2M in fiscal year 2024.
Is FORAFRIC GLOBAL PLC profitable?
No, FORAFRIC GLOBAL PLC (AFRIW) reported a net income of -$24.3M in fiscal year 2024, with a net profit margin of -8.9%.
What is FORAFRIC GLOBAL PLC's earnings per share (EPS)?
FORAFRIC GLOBAL PLC (AFRIW) 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 PLC's EBITDA?
FORAFRIC GLOBAL PLC (AFRIW) had EBITDA of -$2.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does FORAFRIC GLOBAL PLC have?
As of fiscal year 2024, FORAFRIC GLOBAL PLC (AFRIW) had $12.2M in cash and equivalents against $13.1M in long-term debt.
What is FORAFRIC GLOBAL PLC's gross margin?
FORAFRIC GLOBAL PLC (AFRIW) 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 PLC's operating margin?
FORAFRIC GLOBAL PLC (AFRIW) 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 PLC's net profit margin?
FORAFRIC GLOBAL PLC (AFRIW) 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 PLC's free cash flow?
FORAFRIC GLOBAL PLC (AFRIW) 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 PLC's operating cash flow?
FORAFRIC GLOBAL PLC (AFRIW) generated $23.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are FORAFRIC GLOBAL PLC's total assets?
FORAFRIC GLOBAL PLC (AFRIW) had $246.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are FORAFRIC GLOBAL PLC's capital expenditures?
FORAFRIC GLOBAL PLC (AFRIW) invested $1.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does FORAFRIC GLOBAL PLC have outstanding?
FORAFRIC GLOBAL PLC (AFRIW) had 27M shares outstanding as of fiscal year 2024.
What is FORAFRIC GLOBAL PLC's current ratio?
FORAFRIC GLOBAL PLC (AFRIW) 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 PLC's debt-to-equity ratio?
FORAFRIC GLOBAL PLC (AFRIW) 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 PLC's return on assets (ROA)?
FORAFRIC GLOBAL PLC (AFRIW) 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 PLC's Piotroski F-Score?
FORAFRIC GLOBAL PLC (AFRIW) 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 PLC's earnings high quality?
FORAFRIC GLOBAL PLC (AFRIW) 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 PLC cover its interest payments?
FORAFRIC GLOBAL PLC (AFRIW) 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 PLC?
FORAFRIC GLOBAL PLC (AFRIW) 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.