Abacus Life (Abacus Life) LT-Debt-to-Total-Asset : 0.39 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Abacus Life LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Abacus Life's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.39.

Abacus Life's long-term debt to total assets ratio declined from Dec. 2022 (0.48) to Dec. 2023 (0.39). It may suggest that Abacus Life is progressively becoming less dependent on debt to grow their business.

Abacus Life LT-Debt-to-Total-Asset Historical Data

The historical data trend for Abacus Life's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Abacus Life Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.04

0.48

0.39

Abacus Life Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.48	0.02	-	0.39	0.39

Abacus Life LT-Debt-to-Total-Asset Calculation

Abacus Life's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	128.588	/	331.826
	=	0.39

Abacus Life's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	128.588	/	331.826
	=	0.39

Abacus Life (NAS:ABL) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Abacus Life LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Abacus Life's LT-Debt-to-Total-Asset 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 » LT-Debt-to-Total-Asset

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