ABM Industries Balance Sheet Health
Financial Health criteria checks 3/6
ABM Industries has a total shareholder equity of $1.8B and total debt of $1.3B, which brings its debt-to-equity ratio to 72.9%. Its total assets and total liabilities are $5.0B and $3.1B respectively. ABM Industries's EBIT is $342.6M making its interest coverage ratio 4.1. It has cash and short-term investments of $58.0M.
Key information
72.9%
Debt to equity ratio
US$1.33b
Debt
Interest coverage ratio | 4.1x |
Cash | US$58.00m |
Equity | US$1.82b |
Total liabilities | US$3.13b |
Total assets | US$4.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AB4's short term assets ($1.7B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: AB4's short term assets ($1.7B) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: AB4's net debt to equity ratio (69.7%) is considered high.
Reducing Debt: AB4's debt to equity ratio has increased from 68% to 72.9% over the past 5 years.
Debt Coverage: AB4's debt is well covered by operating cash flow (23.6%).
Interest Coverage: AB4's interest payments on its debt are well covered by EBIT (4.1x coverage).