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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/12/07 09:40 |
| End of Day Share Price | 2023/12/05 00:00 |
| Earnings | 2023/06/30 |
| Annual Earnings | 2022/12/31 |
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
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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
Abcam plc is covered by 26 analysts. 5 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 |
|---|---|
| Ian Williams | Altium Capital Limited |
| Xian Deng | Berenberg |
| Michael Ryskin | BofA Global Research |