| Farm business financial ratios, with operators 45
to 54 years old, 1996-2000 |
| Resource Region=Southern
Seaboard |
| |
1996 |
1997 |
1998 |
1999 |
2000 |
| ITEM |
Estimate |
RSE |
Estimate |
RSE |
Estimate |
RSE |
Estimate |
RSE |
Estimate |
RSE |
| Number of farms |
31,939 |
17.9 |
20,431 |
21.1 |
15,335 |
12.5 |
16,665 |
12.9 |
15,541 |
13.4 |
| Current ratio (:1) |
2.34 |
38.6 |
2.01 |
9.7 |
2.67 |
20.4 |
2.01 |
20.8 |
2.49 |
25.2 |
| Working caital-to-expense ratio (%) |
29.26 |
53.9 |
20.12 |
17.2 |
32.40 |
29.1 |
16.16 |
25.7 |
24.86 |
29.5 |
| Debt/asset ratio (%) |
12.26 |
17.1 |
11.46 |
19.5 |
15.54 |
15.8 |
9.61 |
25.8 |
15.34 |
18.8 |
| Rate of return on assets (%) |
1.47 |
* |
1.21 |
* |
4.04 |
28.1 |
0.75 |
* |
2.44 |
49.1 |
| Rate of return on equity (%) |
0.35 |
* |
** |
na |
2.92 |
44.4 |
-0.78 |
* |
1.21 |
* |
| Operating profit margin (%) |
8.33 |
* |
5.33 |
66.2 |
14.12 |
20.4 |
3.54 |
* |
9.38 |
40.3 |
| Term debt coverage ratio (times) |
3.12 |
52.0 |
3.93 |
17.4 |
3.98 |
19.9 |
3.51 |
17.5 |
3.51 |
24.5 |
| Asset turnover ratio (times) |
0.18 |
38.5 |
0.23 |
16.4 |
0.29 |
12.9 |
0.21 |
22.2 |
0.26 |
11.7 |
| Operating expense ratio (%) |
78.90 |
18.2 |
78.55 |
4.3 |
69.16 |
3.4 |
78.04 |
3.5 |
74.43 |
3.3 |
| Economic cost-to-output ratio (%) |
87.24 |
8.0 |
85.14 |
9.3 |
82.77 |
7.8 |
95.95 |
6.0 |
108.78 |
6.4 |
* The Relative Standard
Error (RSE) exceeds 75 percent.
** Insufficient sample size for
compliance with ERS disclosure limitation practices.
The Relative
Standard Error (RSE) is defined as the standard error of the estimate
divided by the estimate. The larger the RSE, the less reliable the
estimate.
Source: Agricultural Resource Management Study,
USDA. |