| |
Case
# 1
|
ND
West
|
Your
Farm
|
| Liquidity |
| Current ratio |
-
|
1.30%
|
|
| Vulnerable |
1.0%
|
 |
2.0%
|
Strong
|
 |
|
| Working
capital |
$215,640
|
$30,537
|
|
| Solvency
(market) |
| Farm debt-to-asset ratio |
-
|
54%
|
|
| Vulnerable |
60%
|
|
30%
|
Strong
|
|
|
| Farm
equity-to-asset ratio |
100%
|
46%
|
|
| Vulnerable |
40%
|
|
70%
|
Strong
|
|
|
| Farm debt-to-equity ratio |
-
|
119%
|
|
| Vulnerable |
150%
|
|
43%
|
Strong
|
|
|
| Profitability |
| Net farm income |
-$112,586
|
$22,904
|
|
| Rate
of return on farm assets |
-4.8%
|
3.9%
|
|
| Vulnerable |
1.0%
|
|
5.0%
|
Strong
|
|
|
| Rate of return on farm
equity |
-4.8%
|
0.6%
|
|
| Vulnerable |
5.0%
|
|
10%
|
Strong
|
|
|
| Operating
profit margin |
-91.2%
|
13.0%
|
|
| Vulnerable |
20%
|
|
35%
|
Strong
|
|
|
| Repayment
capacity |
| Term-debt coverage ratio |
999%
|
62%
|
|
| Capital - replacement
margin |
$24,111
|
-$14,570
|
|
| Vulnerable |
110%
|
|
135%
|
Strong
|
|
|
| Financial
efficiency |
| Asset-turnover rate (market)
|
5.2%
|
29.7%
|
|
| Vulnerable |
20%
|
|
40%
|
Strong
|
|
|
| Operating-expense
ratio |
106.1%
|
71.2%
|
|
| Vulnerable |
80%
|
|
60%
|
Strong
|
|
|
| Depreciation-expense ratio |
19.7%
|
6.1%
|
|
| Vulnerable |
20%
|
|
10%
|
Strong
|
|
|
| Interest-expense ratio |
0.2%
|
10.4%
|
|
| Vulnerable |
20%
|
|
10%
|
Strong
|
|
|
| Net farm income ratio |
-26.0%
|
12.3%
|
|
| Vulnerable |
10%
|
|
20%
|
Strong
|
|
|
CHAPS
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