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Abacus Property Group Balance Sheet Health
Financial Health criteria checks 2/6
Key information
55.0%
Debt to equity ratio
AU$1.93b
Debt
| Interest coverage ratio | 3.8x |
| Cash | AU$197.78m |
| Equity | AU$3.51b |
| Total liabilities | AU$2.22b |
| Total assets | AU$5.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ABPP.F's short term assets (A$389.3M) exceed its short term liabilities (A$226.9M).
Long Term Liabilities: ABPP.F's short term assets (A$389.3M) do not cover its long term liabilities (A$2.0B).
Debt to Equity History and Analysis
Debt Level: ABPP.F's net debt to equity ratio (49.4%) is considered high.
Reducing Debt: ABPP.F's debt to equity ratio has increased from 32.2% to 55% over the past 5 years.
Debt Coverage: ABPP.F's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: ABPP.F's interest payments on its debt are well covered by EBIT (3.8x coverage).