APi Group Balance Sheet Health
Financial Health criteria checks 3/6
APi Group has a total shareholder equity of $3.0B and total debt of $2.9B, which brings its debt-to-equity ratio to 96.3%. Its total assets and total liabilities are $8.2B and $5.3B respectively. APi Group's EBIT is $439.0M making its interest coverage ratio 3.5. It has cash and short-term investments of $487.0M.
Key information
96.3%
Debt to equity ratio
US$2.86b
Debt
| Interest coverage ratio | 3.5x |
| Cash | US$487.00m |
| Equity | US$2.97b |
| Total liabilities | US$5.28b |
| Total assets | US$8.25b |
Recent financial health updates
APi Group (NYSE:APG) Has A Pretty Healthy Balance Sheet
Nov 01
Does APi Group (NYSE:APG) Have A Healthy Balance Sheet?
Jan 26Recent updates
APi Group: Expecting Growth To Accelerate And Adj EBITDA Margin To Expand
Dec 18At US$39.12, Is APi Group Corporation (NYSE:APG) Worth Looking At Closely?
Dec 10Returns On Capital Are Showing Encouraging Signs At APi Group (NYSE:APG)
Nov 22APi Group (NYSE:APG) Has A Pretty Healthy Balance Sheet
Nov 01APi Price And Earnings Diverge, Setting Up Strong Buy Rating
Oct 15Is There An Opportunity With APi Group Corporation's (NYSE:APG) 50% Undervaluation?
Oct 10There's Reason For Concern Over APi Group Corporation's (NYSE:APG) Price
Jul 15APi Group: Leading Player In An Attractive Industry
Jul 02An Intrinsic Calculation For APi Group Corporation (NYSE:APG) Suggests It's 43% Undervalued
May 09APi Group Now Looks Fairly Valued, Even With Its Acquisition (Rating Downgrade)
Apr 17APi Group Corporation (NYSE:APG) Investors Are Less Pessimistic Than Expected
Mar 22Margin Expansion Makes Additional Upside For APi Group Possible
Jan 31Does APi Group (NYSE:APG) Have A Healthy Balance Sheet?
Jan 26APi Group: Continued Margin Expansion Expected, Debt Repayment, And Undervalued
Jan 18An Intrinsic Calculation For APi Group Corporation (NYSE:APG) Suggests It's 46% Undervalued
Jan 08APi Group: Find A Better Entry Point
Oct 27Greystone Capital - APi Group: Trading For Less Than 10x EBITDA Looking Out
Jul 31Financial Position Analysis
Short Term Liabilities: APG's short term assets ($2.7B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: APG's short term assets ($2.7B) do not cover its long term liabilities ($3.5B).
Debt to Equity History and Analysis
Debt Level: APG's net debt to equity ratio (79.8%) is considered high.
Reducing Debt: APG's debt to equity ratio has increased from 57.2% to 96.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable APG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: APG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 15.3% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 21:58 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| 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 here.
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 .
Analyst Sources
APi Group Corporation is covered by 10 analysts. 9 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 |
|---|---|
| Andrew Wittmann | Baird |
| Julian Mitchell | Barclays |
| Andrew Obin | BofA Global Research |