Absolute Software Balance Sheet Health
Financial Health criteria checks 0/6
Absolute Software has a total shareholder equity of $-11.8M and total debt of $259.8M, which brings its debt-to-equity ratio to -2194.2%. Its total assets and total liabilities are $528.1M and $539.9M respectively. Absolute Software's EBIT is $4.2M making its interest coverage ratio 0.2. It has cash and short-term investments of $50.2M.
Key information
-2,194.2%
Debt to equity ratio
US$259.77m
Debt
| Interest coverage ratio | 0.2x |
| Cash | US$50.21m |
| Equity | -US$11.84m |
| Total liabilities | US$539.91m |
| Total assets | US$528.07m |
Recent financial health updates
Recent updates
Absolute Software declares CAD 0.08 dividend
Oct 20Absolute Software: Rising Star In The $240.27 Billion Cybersecurity Industry
Oct 04Absolute Software: Blistering Growth With A $47B Remote Work Opportunity
Sep 16Absolute Software Non-GAAP EPS of $0.08 beats by $0.01, revenue of $54M beats by $0.9M
Aug 23Absolute Software Crosses Revenue Milestone In FQ3 Results
Jul 26I Buy The Dip Of Absolute Software Because Of New Acquisition And Third-Party Tools
Feb 04Financial Position Analysis
Short Term Liabilities: ABST has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ABST has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: ABST has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ABST's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: ABST's debt is not well covered by operating cash flow (15%).
Interest Coverage: ABST's interest payments on its debt are not well covered by EBIT (0.2x coverage).