This company has been acquired
Absolute Software Balance Sheet Health
Financial Health criteria checks 0/6
Absolute Software has a total shareholder equity of $-11.8M and total debt of $259.8M, which brings its debt-to-equity ratio to -2194.2%. Its total assets and total liabilities are $528.1M and $539.9M respectively. Absolute Software's EBIT is $4.2M making its interest coverage ratio 0.2. It has cash and short-term investments of $50.2M.
Key information
-2,194.2%
Debt to equity ratio
US$259.77m
Debt
| Interest coverage ratio | 0.2x |
| Cash | US$50.21m |
| Equity | -US$11.84m |
| Total liabilities | US$539.91m |
| Total assets | US$528.07m |
Recent financial health updates
Is Absolute Software (TSE:ABST) Using Debt Sensibly?
Mar 23
Is Absolute Software (TSE:ABST) Using Debt Sensibly?
Nov 13Recent updates
An Intrinsic Calculation For Absolute Software Corporation (TSE:ABST) Suggests It's 21% Undervalued
Apr 22Absolute Software (TSE:ABST) Has Affirmed Its Dividend Of $0.08
Feb 01Is There An Opportunity With Absolute Software Corporation's (TSE:ABST) 47% Undervaluation?
Jan 04Absolute Software (TSE:ABST) Has Affirmed Its Dividend Of $0.08
Nov 08Absolute Software's (TSE:ABST) Dividend Will Be $0.08
Oct 23Absolute Software (TSE:ABST) Is Paying Out A Dividend Of $0.08
Jul 24Absolute Software's (TSE:ABST) Dividend Will Be CA$0.08
Apr 28Is Absolute Software (TSE:ABST) Using Debt Sensibly?
Mar 23Absolute Software (TSE:ABST) Is Due To Pay A Dividend Of CA$0.08
Jan 24Increases to Absolute Software Corporation's (TSE:ABST) CEO Compensation Might Cool off for now
Dec 08Is Absolute Software (TSE:ABST) Using Debt Sensibly?
Nov 13Absolute Software (TSE:ABST) Will Pay A Dividend Of CA$0.08
Aug 06Absolute Software (TSE:ABST) Has Affirmed Its Dividend Of CA$0.08
Jul 23Calculating The Intrinsic Value Of Absolute Software Corporation (TSE:ABST)
May 27Should You Investigate Absolute Software Corporation (TSE:ABST) At CA$18.65?
Apr 28Does Absolute Software Corporation (TSE:ABST) Have A Place In Your Dividend Portfolio?
Apr 13Will Absolute Software (TSE:ABST) Multiply In Value Going Forward?
Mar 20How Much Of Absolute Software Corporation (TSE:ABST) Do Institutions Own?
Mar 08Absolute Software Corporation (TSE:ABST) Shares Could Be 29% Above Their Intrinsic Value Estimate
Feb 24Did You Participate In Any Of Absolute Software's (TSE:ABST) Fantastic 252% Return ?
Feb 11
Financial Position Analysis
Short Term Liabilities: ABST has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ABST has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: ABST has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ABST's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: ABST's debt is not well covered by operating cash flow (15%).
Interest Coverage: ABST's interest payments on its debt are not well covered by EBIT (0.2x coverage).