Abacus Group Balance Sheet Health
Financial Health criteria checks 1/6
Abacus Group has a total shareholder equity of A$1.6B and total debt of A$939.3M, which brings its debt-to-equity ratio to 58.4%. Its total assets and total liabilities are A$2.6B and A$1.0B respectively. Abacus Group's EBIT is A$110.0M making its interest coverage ratio 2.6. It has cash and short-term investments of A$23.6M.
Key information
58.4%
Debt to equity ratio
AU$939.33m
Debt
| Interest coverage ratio | 2.6x |
| Cash | AU$23.56m |
| Equity | AU$1.61b |
| Total liabilities | AU$1.02b |
| Total assets | AU$2.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EZO1's short term assets (A$185.6M) exceed its short term liabilities (A$68.1M).
Long Term Liabilities: EZO1's short term assets (A$185.6M) do not cover its long term liabilities (A$951.1M).
Debt to Equity History and Analysis
Debt Level: EZO1's net debt to equity ratio (57%) is considered high.
Reducing Debt: EZO1's debt to equity ratio has increased from 37.9% to 58.4% over the past 5 years.
Debt Coverage: EZO1's debt is not well covered by operating cash flow (4.7%).
Interest Coverage: EZO1's interest payments on its debt are not well covered by EBIT (2.6x coverage).