The firm maintains a conservative financial profile with a 0.37% debt-to-equity ratio, though this minimal leverage is offset by a precarious cash position of only $390,500.
| Metric | Dec'24 | Dec'23 | Dec'22 |
|---|
| Total Current Assets | 37.49M | 17.5M | 3.6M |
| Cash & Short-Term Investments | 390.5K | 109.16K | 73.91K |
| Cash Only | 390.5K | 109.16K | 73.91K |
| Short-Term Investments | 0 | 0 | 0 |
| Accounts Receivable | 37.1M | 15.9M | 1.38M |
| Days Sales Outstanding | 331.4 | 314.21 | 175.34 |
| Inventory | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - |
| Other Current Assets | 0 | 0 | 2.15M |
| Total Non-Current Assets | 13.57M | 5.1M | 201.05K |
| Property, Plant & Equipment | 2.5M | 2.36M | 71.54K |
| Fixed Asset Turnover | 16.33x | 7.83x | 40.04x |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 9.02M | 2.54M | 61.5K |
| Long-Term Investments | 0 | 0 | 0 |
| Other Non-Current Assets | 2.02M | 202.01K | 68.01K |
| Total Assets | 51.06M | 22.6M | 3.8M |
| Asset Turnover | 0.80x | 0.82x | 0.75x |
| Asset Growth % | 125.89% | 494.46% | - |
| Total Current Liabilities | 28.98M | 6.66M | 1.14M |
| Accounts Payable | 14.09M | 2.4M | 573.86K |
| Days Payables Outstanding | 197.44 | 85.94 | 80.87 |
| Short-Term Debt | 2.53M | 1.21M | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 |
| Other Current Liabilities | 3.38M | 0 | 0 |
| Current Ratio | 1.29x | 2.63x | 3.16x |
| Quick Ratio | 1.29x | 2.63x | 3.16x |
| Cash Conversion Cycle | - | - | - |
| Total Non-Current Liabilities | 8.35M | 10.57M | 2.5M |
| Long-Term Debt | 39.77K | 1.42M | 0 |
| Capital Lease Obligations | 2.1M | 1.76M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 |
| Other Non-Current Liabilities | 6.21M | 7.4M | 2.5M |
| Total Liabilities | 37.32M | 17.24M | 3.64M |
| Total Debt | 5.06M | 4.84M | 26.21K |
| Net Debt | 4.67M | 4.73M | -47.7K |
| Debt / Equity | 0.37x | 0.90x | 0.16x |
| Debt / EBITDA | 0.57x | 0.73x | - |
| Net Debt / EBITDA | 0.53x | 0.71x | - |
| Interest Coverage | 4.81x | 12.56x | -2.19x |
| Total Equity | 13.73M | 5.37M | 163.2K |
| Equity Growth % | 155.96% | 3188.03% | - |
| Book Value per Share | 0.58 | 0.23 | 0.01 |
| Total Shareholders' Equity | 13.73M | 5.37M | 163.2K |
| Common Stock | 8.54K | 8.35K | 8.35K |
| Retained Earnings | 6.19M | 2.68M | -1.08M |
| Treasury Stock | 0 | 0 | 0 |
| Accumulated OCI | 154.65K | 49.03K | 0 |
| Minority Interest | 0 | 0 | 0 |
Tight liquidity and working capital
According to recent financial disclosures, AGRZ has achieved 121.21% year-over-year revenue growth, yet this aggressive expansion appears to be outpacing the company's internal cash generation, creating a trajectory that prioritizes market share acquisition over the accumulation of a robust, defensive balance sheet buffer for future operations.
The rapid scaling of indoor farming capacity suggests a management team focused on capturing premium retail shelf space, but the lack of corresponding cash accumulation warrants caution. Investors should monitor whether this growth trajectory can be sustained without necessitating dilutive equity financing to support the underlying asset-heavy infrastructure.
As reported in financial statements, AGRZ maintains a low debt-to-equity ratio of 0.37%, which indicates that the firm has largely avoided traditional credit markets to fund its industrial-grade indoor farming systems, potentially shielding the company from the immediate impact of rising interest rates in the current environment.
While the low leverage profile is a positive indicator of capital discipline, it may also reflect limited access to traditional debt financing for this specific agricultural technology asset class. The reliance on equity or internal cash flow to fund capital-intensive hardware suggests that the company's growth is inherently constrained by its ability to generate immediate operational liquidity.
Based on the company's reported figures, AGRZ holds a cash balance of only $390,500 against $40.8M in TTM revenue, a disparity that suggests a highly constrained liquidity position that leaves the firm vulnerable to operational disruptions or delays in the collection of accounts receivable from retail partners.
This thin cash buffer implies that the company has little room for error in managing its working capital cycle. Any unexpected increase in utility costs or a slowdown in harvest yields could force management to seek external capital, potentially altering the current favorable debt-to-equity profile.
Data from recent filings indicates that the company's reliance on biological assets under IAS 41 may distort headline earnings, as the fair value of unharvested crops can fluctuate significantly and may not represent the actual cash-generating capacity of the firm's indoor farming operations.
Investors should be wary of non-cash gains that could be inflating the perceived health of the balance sheet. The discrepancy between high revenue growth and the minimal cash balance suggests that the company's reported earnings may not be fully supported by realized cash inflows, warranting further investigation into the quality of receivables.
Quick answers to the most common questions about buying AGRZ stock.
As of 2024, Agroz Inc. Ordinary Shares (AGRZ) had total assets of $51.1M including $37.5M in current assets.
Agroz Inc. Ordinary Shares (AGRZ) carries total debt of $5.1M, offset by $0.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Agroz Inc. Ordinary Shares (AGRZ) has total shareholders' equity (book value) of $13.7M ($0.58 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Agroz Inc. Ordinary Shares (AGRZ) reported a current ratio of 1.29x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.