Forafric Global PLC

Forafric Global PLCverified

AFRI

Price:

$10.34

Market Cap:

$277.93M

Forafric Global PLC engages in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products in Morocco and Sub-Saharan Africa. The company offers flour and semolina; and secondary processing products, such as pasta and couscous under the Tria and MayMouna brands. It serves wholesale foods manufacturers and distributors The company also exports its products to approximately 45 countries. Forafric Global PLC is headquartered in Gibraltar.[Read more]

Industry

Agricultural Farm Products

IPO Date

2021-02-05

Stock Exchange

NASDAQ

Ticker

AFRI

The Current Ratio as of November 2024 (TTM) for Forafric Global PLC (AFRI) is 0.48

According to Forafric Global PLC’s latest financial reports and current stock price. The company's current Current Ratio is 0.48. This represents a change of -9.86% compared to the average of 0.53 of the last 4 quarters.

Forafric Global PLC (AFRI) Historical Current Ratio (quarterly & annually)

How has AFRI Current Ratio performed in the past?

The mean historical Current Ratio of Forafric Global PLC over the last ten years is 0.55. The current 0.48 Current Ratio has changed 8.67% with respect to the historical average. Over the past ten years (40 quarters), AFRI's Current Ratio was at its highest in in the June 2021 quarter at 4.50. The Current Ratio was at its lowest in in the September 2021 quarter at 0.25.

Quarterly (TTM)
Annual

Average

0.55

Median

0.55

Minimum

0.48

Maximum

0.60

Forafric Global PLC (AFRI) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Forafric Global PLC Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 7.82%

Maximum Annual Current Ratio = 0.60

Minimum Annual Increase = -20.58%

Minimum Annual Current Ratio = 0.48

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.48-20.58%
20220.604.05%
20210.584.59%
20200.557.82%

Forafric Global PLC (AFRI) Average Current Ratio

How has AFRI Current Ratio performed in the past?

The current Current Ratio of Forafric Global PLC (AFRI) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.55

5-year avg

0.55

10-year avg

0.55

Forafric Global PLC (AFRI) Current Ratio vs. Peers

How is AFRI’s Current Ratio compared to its peers?

Forafric Global PLC’s Current Ratio is less than PT Astra Agro Lestari Tbk (0), less than AgriFORCE Growing Systems Ltd. (1.91), less than Forafric Global PLC (1.24), less than AppHarvest, Inc. (0.48), less than GrainCorp Limited (2.25), less than Australian Agricultural Company Limited (1.56), less than Fresh Del Monte Produce Inc. (5.68), less than Alico, Inc. (2.09), less than S&W Seed Company (2.67), less than Adecoagro S.A. (0.92), less than BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (2.42), less than null (2.09),

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