| Farm business financial ratios, located in the
Southern Seaboard region, 1996-2000 |
| Economic Class=Less than
$100,000 |
| |
1996 |
1997 |
1998 |
1999 |
2000 |
| ITEM |
Estimate |
RSE |
Estimate |
RSE |
Estimate |
RSE |
Estimate |
RSE |
Estimate |
RSE |
| Number of farms |
71,369 |
19.7 |
46,397 |
22.0 |
48,185 |
27.0 |
46,765 |
8.9 |
36,693 |
9.6 |
| Current ratio (:1) |
9.22 |
48.1 |
6.60 |
60.0 |
6.61 |
39.0 |
4.37 |
39.2 |
7.28 |
53.1 |
| Working caital-to-expense ratio (%) |
191.93 |
48.0 |
123.82 |
68.8 |
134.62 |
40.7 |
85.18 |
23.8 |
199.01 |
45.6 |
| Debt/asset ratio (%) |
4.87 |
27.0 |
4.61 |
26.6 |
2.90 |
25.2 |
2.81 |
23.6 |
3.90 |
26.3 |
| Rate of return on assets (%) |
-2.07 |
49.1 |
-3.58 |
34.8 |
-2.21 |
20.9 |
-2.34 |
30.1 |
-2.48 |
23.8 |
| Rate of return on equity (%) |
-2.61 |
41.6 |
-4.15 |
31.3 |
-2.52 |
18.5 |
-2.71 |
27.4 |
-2.88 |
24.0 |
| Operating profit margin (%) |
-33.90 |
50.2 |
-38.91 |
36.4 |
-47.28 |
25.2 |
-39.97 |
31.1 |
-38.68 |
27.4 |
| Term debt coverage ratio (times) |
2.40 |
62.6 |
5.20 |
28.5 |
1.56 |
49.7 |
3.03 |
59.0 |
3.44 |
54.1 |
| Asset turnover ratio (times) |
0.06 |
17.0 |
0.09 |
12.7 |
0.05 |
12.4 |
0.06 |
11.5 |
0.06 |
15.8 |
| Operating expense ratio (%) |
108.88 |
11.7 |
84.65 |
7.1 |
110.18 |
8.3 |
99.24 |
9.8 |
90.48 |
9.6 |
| Economic cost-to-output ratio (%) |
137.92 |
39.8 |
137.78 |
29.0 |
138.40 |
27.3 |
183.99 |
9.6 |
200.33 |
9.6 |
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. |