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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/07/27 07:00 |
| End of Day Share Price | 2023/07/26 00:00 |
| Earnings | 2023/03/31 |
| Annual Earnings | 2022/06/30 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 Github.
Analyst Sources
Absolute Software Corporation is covered by 22 analysts. 4 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 |
|---|---|
| Thanos Moschopoulos | BMO Capital Markets Equity Research |
| Thomas Walkley | Canaccord Genuity |
| Ralph Garcea | Cantor Fitzgerald Canada Corporation |