The GO2 People (ASX:GO2) Cash-to-Debt : 0.16 (As of Dec. 2022)

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What is The GO2 People Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. The GO2 People's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.16.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, The GO2 People couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

The historical rank and industry rank for The GO2 People's Cash-to-Debt or its related term are showing as below:

ASX:GO2's Cash-to-Debt is not ranked ^*
in the Business Services industry.
Industry Median: 1.01
* Ranked among companies with meaningful Cash-to-Debt only.

The GO2 People Cash-to-Debt Historical Data

The historical data trend for The GO2 People's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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The GO2 People Cash-to-Debt Chart

The GO2 People Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Cash-to-Debt

0.37

0.16

0.40

1.25

0.41

The GO2 People Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Cash-to-Debt	Get a 7-Day Free Trial						0.21	1.25	0.86	0.41	0.16

Competitive Comparison of The GO2 People's Cash-to-Debt

For the Staffing & Employment Services subindustry, The GO2 People's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

The GO2 People's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, The GO2 People's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where The GO2 People's Cash-to-Debt falls into.

The GO2 People Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

The GO2 People's Cash to Debt Ratio for the fiscal year that ended in Jun. 2022 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2.529	/	(3.424	+	2.821)
	=	0.40

The GO2 People's Cash to Debt Ratio for the quarter that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.886	/	(2.94	+	2.547)
	=	0.16

The GO2 People (ASX:GO2) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

The GO2 People Cash-to-Debt Related Terms

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The GO2 People (ASX:GO2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » The GO2 People Ltd (ASX:GO2) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3/271 Berkshire Road, Forrestfield, Perth, WA, AUS, 6058

Website

https://www.thego2people.com.au

The GO2 People Ltd is one of the providers of vertically integrated recruitment and building services to industries throughout Australia. The company derives a majority of its revenue from Recruitment income.

The GO2 People (ASX:GO2) Headlines

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