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).