Abacus Life Balance Sheet Health
Financial Health criteria checks 1/6
Abacus Life has a total shareholder equity of $257.9M and total debt of $180.2M, which brings its debt-to-equity ratio to 69.9%. Its total assets and total liabilities are $477.3M and $219.4M respectively. Abacus Life's EBIT is $21.0M making its interest coverage ratio 1.3. It has cash and short-term investments of $22.4M.
Key information
69.9%
Debt to equity ratio
US$180.24m
Debt
| Interest coverage ratio | 1.3x |
| Cash | US$22.43m |
| Equity | US$257.94m |
| Total liabilities | US$219.37m |
| Total assets | US$477.31m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ABL's short term assets ($30.8M) exceed its short term liabilities ($23.9M).
Long Term Liabilities: ABL's short term assets ($30.8M) do not cover its long term liabilities ($195.5M).
Debt to Equity History and Analysis
Debt Level: ABL's net debt to equity ratio (61.2%) 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 (1.3x coverage).