China Green Agriculture, Inc. (CGA) financial statements (2022 and earlier)

Company profile

Business Address 3RD FLOOR, BOROUGH A, BLOCK A. NO.181,
XIAN, SHAANXI PROVINCE,, 710065
State of Incorp. NV
Fiscal Year End June 30
SIC 287 - Agricultural Chemicals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,60722,02318,5945,0769,82612,83211,935
Cash and cash equivalents23,60722,02318,5945,0769,82612,83211,935
Receivables74,78699,144102,783125,900102,592109,363105,693
Inventory, net of allowances, customer advances and progress billings38,76752,46364,31664,01890,831107,89598,921
Inventory38,76752,46364,31664,01890,831107,89598,921
Advances on inventory purchases27,00023,27123,88533,34734,41038,14365,082
Other undisclosed current assets  8,1374,5624,1054,0393,568
Total current assets:164,160196,901217,714232,903241,763272,272285,199
Noncurrent Assets
Property, plant and equipment21,19621,65422,22122,64823,33023,12422,928
Intangible assets, net (including goodwill)16,18416,30316,40824,02724,27123,52522,797
Goodwill   7,5987,6187,3297,045
Intangible assets, net (excluding goodwill)16,18416,30316,40816,43016,65416,19715,752
Other noncurrent assets   10,26210,803  
Other undisclosed noncurrent assets  10,38649040511,16911,204
Total noncurrent assets:37,38037,95849,01557,42758,81057,81956,929
Other undisclosed assets16,46616,055     
TOTAL ASSETS:218,006250,913266,729290,330300,573330,090342,128
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities46,68255,39158,34864,90659,46860,54957,899
Accounts payable6,40213,58016,86922,23417,52719,53517,719
Accrued liabilities8,2058,2737,9578,9358,5658,0717,640
Employee-related liabilities188185185182182 169
Taxes payable31,08032,55732,54232,77132,40932,18831,645
Interest and dividends payable807796794783785755726
Debt8,4948,3754,1804,1208,2627,9493,538
Due to related parties5,2395,2234,9774,3424,3454,2534,212
Other undisclosed current liabilities13,4219,03411,71414,62411,28512,01813,673
Total current liabilities:73,83678,02379,21887,99283,36184,77079,322
Noncurrent Liabilities
Total liabilities:73,83678,02379,21887,99283,36184,77079,322
Stockholders' equity
Stockholders' equity attributable to parent, including:144,170172,890187,511202,338217,212245,321262,806
Common stock8886666
Additional paid in capital170,223170,223170,223155,455155,455155,455155,455
Accumulated other comprehensive loss(862)(4,125)(4,582)(8,928)(8,869)  
Retained earnings (accumulated deficit)(52,125)(20,524)(5,813)26,99641,37380,746111,864
Other undisclosed stockholders' equity attributable to parent26,92527,30827,67328,80829,2459,113(4,520)
Other undisclosed stockholders' equity    0  
Total stockholders' equity:144,170172,890187,511202,338217,212245,321262,806
TOTAL LIABILITIES AND EQUITY:218,006250,913266,729290,330300,573330,090342,128

Income statement (P&L) ($ in thousands)

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
Revenues42,82737,38152,84186,06848,34144,15863,030
Cost of revenue
(Cost of Goods and Services Sold)
(35,551)(30,128)(44,448)(71,622)(39,917)(35,847)(52,877)
Gross profit:7,2767,2538,39314,4478,4248,31210,153
Operating expenses(35,603)(22,189)(39,792)(28,988)(46,887)(37,656)(61,250)
Operating loss:(28,327)(14,936)(31,399)(14,541)(38,463)(29,344)(51,097)
Nonoperating income (expense)427(30)456(38)(95)(40)(33)
Investment income, nonoperating31454519212216
Other nonoperating income (expense)462(3)4960(49)(5)14
Interest and debt expense(66)(6,000)(80,819)(57)(67)(57)(89)
Loss from continuing operations before equity method investments, income taxes:(27,967)(20,965)(111,762)(14,637)(38,625)(29,441)(51,219)
Other undisclosed income from continuing operations before income taxes666,00080,81957675789
Loss from continuing operations before income taxes:(27,900)(14,965)(30,943)(14,579)(38,558)(29,384)(51,130)
Income tax expense (benefit)(517)(112)(8,390)236(1,479)(1,506)(1,003)
Loss from continuing operations:(28,417)(15,077)(39,334)(14,344)(40,037)(30,890)(52,133)
Loss from discontinued operations(3,566)      
Other undisclosed loss before gain (loss) on sale of properties  (1,176)    
Loss before gain (loss) on sale of properties:(31,983)(15,077)(40,510)(14,344)(40,037)(30,890)(52,133)
Other undisclosed net income (loss)  6,567(471) (63) 
Net loss attributable to parent:(31,983)(15,077)(33,943)(14,815)(40,037)(30,953)(52,133)
Other undisclosed net income available to common stockholders, basic3,566 1,176    
Net loss available to common stockholders, diluted:(28,417)(15,077)(32,767)(14,815)(40,037)(30,953)(52,133)

Comprehensive Income ($ in thousands)

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
Net loss:(31,983)(15,077)(33,943)(14,815)(40,037)(30,953)(52,133)
Other comprehensive loss      (53,433)
Comprehensive loss:(31,983)(15,077)(33,943)(14,815)(40,037)(30,953)(105,566)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3,2634574,346(59)11,92813,46852,780
Comprehensive loss, net of tax, attributable to parent:(28,720)(14,621)(29,597)(14,874)(28,109)(17,485)(52,786)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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