ABL
Price:
$6.94
Market Cap:
$678.40M
Abacus Global Management, Inc. operates as an alternative asset manager and market maker in the United States. It operates in five segments: Active Management, Originations, Asset Management, Portfolio Servicing, and Technology Services. The Active Management segment is involved in the buying, selling, and trading of policies; and the maintenance of policies until receipt of death benefits. Its Originations segment originates life insurance policy settlements between investors or buyers, and the sellers, who are often the original policy owners. The Asset Management segment provides asset management services to investors investing in alternative investment and equity portfolio funds based on...[Read more]
Industry
Insurance - Life
IPO Date
2020-09-14
Stock Exchange
NASDAQ
Ticker
ABL
According to Abacus Global Management, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.76. This represents a change of -40.39% compared to the average of 1.27 of the last 4 quarters.
The mean historical Current Ratio of Abacus Global Management, Inc. over the last ten years is 9.08. The current 0.76 Current Ratio has changed 732.26% with respect to the historical average. Over the past ten years (40 quarters), ABL's Current Ratio was at its highest in in the December 2022 quarter at 25.55. The Current Ratio was at its lowest in in the March 2021 quarter at 0.
Average
9.08
Median
3.55
Minimum
1.36
Maximum
25.55
Discovering the peaks and valleys of Abacus Global Management, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 619.93%
Maximum Annual Current Ratio = 25.55
Minimum Annual Increase = -94.67%
Minimum Annual Current Ratio = 1.36
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 2.55 | 87.51% |
| 2023 | 1.36 | -94.67% |
| 2022 | 25.55 | 619.93% |
| 2021 | 3.55 | -71.31% |
The current Current Ratio of Abacus Global Management, Inc. (ABL) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
9.82
5-year avg
9.08
10-year avg
9.08
Abacus Global Management, Inc.’s Current Ratio is greater than Tekla Life Sciences Investors (0), greater than Investors Title Company (0), greater than CION Investment Corporation (0), greater than BlackRock TCP Capital Corp. (0), greater than Eagle Bancorp, Inc. (0), less than Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 (0.76), less than Third Coast Bancshares, Inc. (27.90), greater than Bar Harbor Bankshares (0), less than Crawford & Company (1.36),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0 | $496.32M | |
| 0 | $490.03M | |
| 0 | $513.10M | |
| 0 | $521.83M | |
| 0 | $655.71M | |
| 0.76 | $2.48B | |
| 27.90 | $541.31M | |
| 0 | $519.01M | |
| 1.36 | $543.44M |
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