Abacus Group Balance Sheet Health
Financial Health criteria checks 1/6
Abacus Group has a total shareholder equity of A$1.6B and total debt of A$939.3M, which brings its debt-to-equity ratio to 58.4%. Its total assets and total liabilities are A$2.6B and A$1.0B respectively. Abacus Group's EBIT is A$110.0M making its interest coverage ratio 2.6. It has cash and short-term investments of A$23.6M.
Key information
58.4%
Debt to equity ratio
AU$939.33m
Debt
| Interest coverage ratio | 2.6x |
| Cash | AU$23.56m |
| Equity | AU$1.61b |
| Total liabilities | AU$1.02b |
| Total assets | AU$2.63b |
Recent financial health updates
No updates
Recent updates
Could The Abacus Property Group (ASX:ABP) Ownership Structure Tell Us Something Useful?
Feb 27
Abacus Property Group (ASX:ABP) Share Prices Have Dropped 28% In The Last Year
Jan 31
Insider Buying: The Abacus Property Group (ASX:ABP) Chairman Just Bought 21% More Shares
Jan 05How Much Is Abacus Property Group's (ASX:ABP) CEO Getting Paid?
Dec 17Have Insiders Been Buying Abacus Property Group (ASX:ABP) Shares This Year?
Nov 26Financial Position Analysis
Short Term Liabilities: ABG's short term assets (A$185.6M) exceed its short term liabilities (A$68.1M).
Long Term Liabilities: ABG's short term assets (A$185.6M) do not cover its long term liabilities (A$951.1M).
Debt to Equity History and Analysis
Debt Level: ABG's net debt to equity ratio (57%) is considered high.
Reducing Debt: ABG's debt to equity ratio has increased from 37.9% to 58.4% over the past 5 years.
Debt Coverage: ABG's debt is not well covered by operating cash flow (4.7%).
Interest Coverage: ABG's interest payments on its debt are not well covered by EBIT (2.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 15:06 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Abacus Group is covered by 17 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Russell Wright | APP Securities Pty Ltd. |
| Russell Wright | Barclay Pearce Capital Pty Limited |
| Steven Tjia | Barrenjoey Markets Pty Limited |