Abacus Group Balance Sheet Health
Financial Health criteria checks 2/6
Abacus Group has a total shareholder equity of A$1.7B and total debt of A$934.2M, which brings its debt-to-equity ratio to 53.5%. Its total assets and total liabilities are A$2.8B and A$1.0B respectively. Abacus Group's EBIT is A$63.4M making its interest coverage ratio 2.5. It has cash and short-term investments of A$33.7M.
Key information
53.5%
Debt to equity ratio
AU$934.18m
Debt
Interest coverage ratio | 2.5x |
Cash | AU$33.68m |
Equity | AU$1.75b |
Total liabilities | AU$1.03b |
Total assets | AU$2.78b |
Recent financial health updates
No updates
Recent updates
Could The Abacus Property Group (ASX:ABP) Ownership Structure Tell Us Something Useful?
Feb 27Abacus Property Group (ASX:ABP) Share Prices Have Dropped 28% In The Last Year
Jan 31Insider 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$191.2M) exceed its short term liabilities (A$84.7M).
Long Term Liabilities: ABG's short term assets (A$191.2M) do not cover its long term liabilities (A$945.7M).
Debt to Equity History and Analysis
Debt Level: ABG's net debt to equity ratio (51.6%) is considered high.
Reducing Debt: ABG's debt to equity ratio has increased from 35.1% to 53.5% over the past 5 years.
Debt Coverage: ABG's debt is well covered by operating cash flow (23.7%).
Interest Coverage: ABG's interest payments on its debt are not well covered by EBIT (2.5x coverage).