Abcam Balance Sheet Health
Financial Health criteria checks 5/6
Abcam has a total shareholder equity of £719.2M and total debt of £117.7M, which brings its debt-to-equity ratio to 16.4%. Its total assets and total liabilities are £1.0B and £307.9M respectively. Abcam's EBIT is £73.0M making its interest coverage ratio 9. It has cash and short-term investments of £79.0M.
Key information
16.4%
Debt to equity ratio
UK£117.70m
Debt
Interest coverage ratio | 9x |
Cash | UK£79.00m |
Equity | UK£719.20m |
Total liabilities | UK£307.90m |
Total assets | UK£1.03b |
Financial Position Analysis
Short Term Liabilities: ABCM's short term assets (£255.8M) exceed its short term liabilities (£188.9M).
Long Term Liabilities: ABCM's short term assets (£255.8M) exceed its long term liabilities (£119.0M).
Debt to Equity History and Analysis
Debt Level: ABCM's net debt to equity ratio (5.4%) is considered satisfactory.
Reducing Debt: ABCM's debt to equity ratio has increased from 0% to 16.4% over the past 5 years.
Debt Coverage: ABCM's debt is well covered by operating cash flow (22.3%).
Interest Coverage: ABCM's interest payments on its debt are well covered by EBIT (9x coverage).