| Farm business financial ratios, located in the
Southern Seaboard region, 1996-2000 |
| Production Speciality=Tobacco, cotton,
peanuts |
| |
1996 |
1997 |
1998 |
1999 |
2000 |
| ITEM |
Estimate |
RSE |
Estimate |
RSE |
Estimate |
RSE |
Estimate |
RSE |
Estimate |
RSE |
| Number of farms |
13,604 |
18.8 |
9,860 |
16.6 |
11,633 |
10.4 |
12,488 |
13.6 |
7,477 |
12.4 |
| Current ratio (:1) |
3.59 |
51.6 |
1.76 |
24.9 |
2.04 |
28.9 |
2.37 |
26.3 |
3.60 |
29.8 |
| Working caital-to-expense ratio (%) |
47.86 |
57.5 |
15.22 |
51.1 |
17.16 |
46.9 |
19.39 |
34.5 |
36.71 |
29.4 |
| Debt/asset ratio (%) |
12.37 |
30.9 |
13.66 |
15.3 |
11.09 |
12.0 |
8.65 |
18.4 |
6.42 |
17.0 |
| Rate of return on assets (%) |
-0.58 |
* |
4.81 |
41.1 |
5.35 |
33.1 |
1.03 |
* |
4.80 |
23.1 |
| Rate of return on equity (%) |
-2.50 |
* |
3.61 |
62.2 |
4.17 |
48.0 |
-0.21 |
* |
4.21 |
28.8 |
| Operating profit margin (%) |
-1.94 |
* |
11.56 |
36.0 |
13.93 |
28.8 |
3.62 |
* |
15.15 |
20.4 |
| Term debt coverage ratio (times) |
2.68 |
* |
6.79 |
12.9 |
6.92 |
22.4 |
5.13 |
15.2 |
12.08 |
22.1 |
| Asset turnover ratio (times) |
0.30 |
20.6 |
0.42 |
8.1 |
0.38 |
9.0 |
0.28 |
13.4 |
0.32 |
9.3 |
| Operating expense ratio (%) |
104.38 |
13.9 |
73.94 |
3.8 |
71.87 |
3.6 |
76.70 |
2.5 |
68.61 |
6.5 |
| Economic cost-to-output ratio (%) |
80.04 |
11.7 |
91.49 |
4.5 |
92.57 |
5.4 |
105.90 |
2.3 |
94.33 |
4.1 |
* The Relative Standard
Error (RSE) exceeds 75 percent.
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. |