Abacus Life (Abacus Life) Debt-to-Equity : 0.87 (As of Dec. 2023)

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What is Abacus Life Debt-to-Equity?

Abacus Life's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13.15 Mil. Abacus Life's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $128.59 Mil. Abacus Life's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $163.93 Mil. Abacus Life's debt to equity for the quarter that ended in Dec. 2023 was 0.86.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Abacus Life's Debt-to-Equity or its related term are showing as below:

ABL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.95 Max: 4.59
Current: 0.87

During the past 4 years, the highest Debt-to-Equity Ratio of Abacus Life was 4.59. The lowest was 0.03. And the median was 0.95.

ABL's Debt-to-Equity is ranked worse than
86.39% of 382 companies
in the Insurance industry
Industry Median: 0.24 vs ABL: 0.87

Abacus Life Debt-to-Equity Historical Data

The historical data trend for Abacus Life's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Abacus Life Debt-to-Equity Chart

Abacus Life Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.03

4.59

1.04

0.87

Abacus Life Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						1.04	0.18	N/A	0.61	0.87

Competitive Comparison of Abacus Life's Debt-to-Equity

For the Insurance - Life subindustry, Abacus Life's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Abacus Life's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Abacus Life's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Abacus Life's Debt-to-Equity falls into.

Abacus Life Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Abacus Life's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(13.148	+	128.588)	/	163.932
	=	0.86

Abacus Life's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(13.148	+	128.588)	/	163.932
	=	0.86

Abacus Life (NAS:ABL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Abacus Life Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Abacus Life's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Abacus Life (Abacus Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Abacus Life Inc (NAS:ABL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2101 Park Center Drive, Suite 170, Orlando, FL, USA, 32835

Website

https://www.abacuslife.com

Abacus Life Inc is a vertically integrated alternative asset manager specializing in investing in life insurance products throughout the lifecycle of a life insurance policy.

Executives

Adam Samuel Gusky	officer: Chief Investment Officer	RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 2200, BUFFALO NY 14203
Sean Mcnealy	director, 10 percent owner, officer: Co-Founder and President	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Mary Beth Schulte	director	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Van Katwijk Cornelis Michiel	director	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Jay J Jackson	director, officer: Chief Executive Officer	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Mccauley William Hugh Jr	officer: Chief Financial Officer	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
East Asset Management, Llc	10 percent owner	777 NW BEACON SQUARE BLVD., BOCA RATON FL 33487
Corbett Thomas Wingett Jr	director	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Kevin Scott Kirby	10 percent owner, officer: Co-Founder and President	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Matthew Ganovsky	10 percent owner, officer: Co-Founder and President	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Karla Radka	director	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
East Sponsor, Llc	10 percent owner	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Terrence M. Pegula	10 percent owner	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Alberta Investment Management Corp	10 percent owner	1600-10250 101 STREET NW, EDMONTON A0 T5J 3P4
Adage Capital Partners Gp, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116