Appendix table 8 -- Farm financial measures, 1993-99F

1993

1994

1995

1996

1997

1998P

1999F

2.27
0.14
5.15

3.03
0.09
4.90

2.07
0.15
4.77

Ratio
Liquidity ratios:
Farm business debt service coverage
Debt servicing
Times interest earned ratio

2.56
0.14
5.60

2.17
0.14
5.66

2.13
0.15
4.35

2.22
0.14
5.55
Percent

Solvency ratios:
Debt/equity
Debt/asset
Profitability ratios:
Return on equity
Return on assets

18.60
15.70

18.50
15.60

18.10
15.40

17.80
15.10

17.90
15.20

17.80
15.10

17.40
14.80

2.10
3.00

2.80
3.60

0.90
2.10

3.10
3.90

2.20
3.10

2.90
3.70

2.40
3.30

74.10
5.90
21.60

73.30
5.80
21.50

75.80
6.10
20.10

74.70
6.00
19.40

45.10

46.00

43.20

40.50

Financial efficiency ratios:
Gross ratio
70.60
74.40
74.00
Interest to gross cash farm income
5.20
5.70
6.10
Asset turnover
22.50
21.50
21.40
Debt burden ratio [net cash income plus
interest)/farm debt]
49.40
43.00
43.10
P=preliminary; F=forecast.
Information contact: Ken Erickson, (202) 694-5565, email: erickson@econ.ag.gov

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