Abacus Life Balance Sheet Health
Financial Health criteria checks 1/6
Abacus Life has a total shareholder equity of $164.1M and total debt of $139.8M, which brings its debt-to-equity ratio to 85.2%. Its total assets and total liabilities are $331.8M and $167.8M respectively. Abacus Life's EBIT is $25.1M making its interest coverage ratio 2.7. It has cash and short-term investments of $27.8M.
Key information
85.2%
Debt to equity ratio
US$139.83m
Debt
Interest coverage ratio | 2.7x |
Cash | US$27.84m |
Equity | US$164.07m |
Total liabilities | US$167.76m |
Total assets | US$331.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ABL's short term assets ($31.8M) exceed its short term liabilities ($23.3M).
Long Term Liabilities: ABL's short term assets ($31.8M) do not cover its long term liabilities ($144.4M).
Debt to Equity History and Analysis
Debt Level: ABL's net debt to equity ratio (68.3%) is considered high.
Reducing Debt: Insufficient data to determine if ABL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ABL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ABL's interest payments on its debt are not well covered by EBIT (2.7x coverage).