Abacus Storage King Balance Sheet Health
Financial Health criteria checks 2/6
Abacus Storage King has a total shareholder equity of A$2.1B and total debt of A$991.0M, which brings its debt-to-equity ratio to 46.8%. Its total assets and total liabilities are A$3.2B and A$1.1B respectively. Abacus Storage King's EBIT is A$107.8M making its interest coverage ratio 4.4. It has cash and short-term investments of A$99.2M.
Key information
46.8%
Debt to equity ratio
AU$991.02m
Debt
| Interest coverage ratio | 4.4x |
| Cash | AU$99.21m |
| Equity | AU$2.12b |
| Total liabilities | AU$1.11b |
| Total assets | AU$3.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASK's short term assets (A$127.4M) exceed its short term liabilities (A$84.9M).
Long Term Liabilities: ASK's short term assets (A$127.4M) do not cover its long term liabilities (A$1.0B).
Debt to Equity History and Analysis
Debt Level: ASK's net debt to equity ratio (42.1%) is considered high.
Reducing Debt: Insufficient data to determine if ASK's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ASK's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: ASK's interest payments on its debt are well covered by EBIT (4.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 22:42 |
| 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 Storage King is covered by 8 analysts. 6 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 |
|---|---|
| Benjamin Brayshaw | Barrenjoey Markets Pty Limited |
| Steven Tjia | Barrenjoey Markets Pty Limited |
| Howard Penny | Citigroup Inc |