AAGR · African Agriculture Holdings Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $316.9K | - | - | - | - | - | - | - | - | - |
| Gross Profit | $28.0K | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | $985.5K | $1.02M | $1.16M | - | $306.8K | $3.95M | $1.87M | - |
| Total Operating Expenses | $12.64M | - | - | - | - | - | - | - | - | - |
| D&A | $85.8K | - | - | - | - | - | - | - | - | - |
| Operating Income | ($12.62M) | - | ($1.05M) | ($1.08M) | ($1.22M) | - | ($1.83M) | ($34) | ($1.93M) | - |
| Interest Expense | $36.2K | - | - | - | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($9.60M) | - | ($1.11M) | ($400.8K) | ($906.5K) | - | ($926.0K) | ($3.74M) | ($1.91M) | - |
| EPS - Basic | ($0.22) | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $67.2K | $2.79M | $36.7K | $12.4K | $42.6K | $36.7K | $147.1K | $0 | $0 | $1.36M |
| Accounts Receivable | $37.4K | $10.8K | - | - | - | $87.8K | - | - | - | - |
| Inventory | $255.1K | $321.2K | - | - | - | $591.4K | - | - | - | - |
| Accounts Payable | $10.51M | $10.22M | $3.15M | $2.97M | $2.88M | $2.97M | $2.60M | $2.00M | $255.7K | $130.4K |
| Current Assets | $3.68M | $5.20M | $110.4K | $103.7K | $121.6K | $173.7K | $242.8K | $715.4K | $1.15M | $1.54M |
| Total Assets | $17.41M | $18.38M | $22.55M | $22.29M | $47.89M | $47.44M | $201.44M | $201.01M | $201.18M | $201.55M |
| Current Liabilities | $32.64M | $31.81M | $14.02M | $12.63M | $11.50M | $10.34M | $7.66M | $6.30M | $2.73M | $1.19M |
| Long-term Debt | $1.85M | $1.75M | - | - | - | - | - | - | - | - |
| Total Liabilities | $41.77M | $40.97M | $21.02M | $19.80M | $19.03M | $17.67M | $14.66M | $13.30M | $9.73M | $8.19M |
| Stockholders' Equity | ($24.36M) | ($22.58M) | ($20.81M) | ($19.60M) | ($18.80M) | ($17.40M) | ($14.31M) | ($12.49M) | ($8.55M) | ($6.65M) |
| Retained Earnings | ($96.28M) | ($83.62M) | ($20.81M) | ($19.60M) | ($18.80M) | ($17.40M) | ($14.32M) | ($12.49M) | ($8.55M) | ($6.65M) |
Cash Flow
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.90M) | - | - | - | ($556.1K) | - | - | - | ($363.7K) | - |
| Investing Cash Flow | ($757.9K) | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | ($45.0K) | - | - | - | $562.0K | - | - | - | - | - |
| CapEx | $757.9K | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | ($2.66M) | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 0.28 | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -55.2% | - | -4.9% | -1.8% | -1.9% | - | -0.5% | -1.9% | -0.9% | - |
| Return on equity | 39.4% | - | 5.3% | 2.0% | 4.8% | - | 6.5% | 29.9% | 22.3% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.11 | 0.16 | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 | 0.11 | 0.42 | 1.29 |
| Quick ratio | 0.10 | 0.15 | 0.01 | 0.01 | 0.01 | -0.04 | 0.03 | 0.11 | 0.42 | 1.29 |
| Cash ratio | 0.00 | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 1.14 |
| Leverage | ||||||||||
| Debt / Equity | -0.08 | -0.08 | - | - | - | - | - | - | - | - |
| Debt / Assets | 0.11 | 0.09 | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -348.9x | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -0.71 | -0.81 | -1.08 | -1.14 | -2.55 | -2.73 | -14.07 | -16.10 | -23.53 | -30.33 |
| Liabilities / Assets | 2.40 | 2.23 | 0.93 | 0.89 | 0.40 | 0.37 | 0.07 | 0.07 | 0.05 | 0.04 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | 1.24 | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 294d | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 12103d | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -935.9% | - | 42.8% | -3169752.9% | 36.8% | - | -496.0% | - | - | - |
| Net income growth (YoY) | -959.5% | - | -19.8% | 89.3% | 52.4% | - | -203.0% | -10995979.4% | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -29.5% | -29.8% | -45.3% | -57.0% | -119.9% | -161.8% | -169.2% | - | - | - |
Peer comparison
Same SIC group: Agricultural Production-Crops
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| FDP | $4.32B | 2.1% | 4.5% |
| CTVA | $17.40B | 6.3% | 4.5% |
| VRNO | $821.50M | -31.4% | -36.6% |
| CBSTF | - | - | - |
| GTII/GTBIF | $1.18B | 9.7% | 6.0% |
Comparing African Agriculture Holdings Inc. against the 5 most active filers in the same SIC group.