Site Group International (ASX:SIT) Cash-to-Debt : 0.28 (As of Dec. 2023)

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What is Site Group International 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. Site Group International's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.28.

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, Site Group International couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:SIT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.53 Max: 31.85
Current: 0.28

During the past 13 years, Site Group International's highest Cash to Debt Ratio was 31.85. The lowest was 0.01. And the median was 0.53.

ASX:SIT's Cash-to-Debt is ranked worse than
79.62% of 260 companies
in the Education industry
Industry Median: 1.265 vs ASX:SIT: 0.28

Site Group International Cash-to-Debt Historical Data

The historical data trend for Site Group International'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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Site Group International Cash-to-Debt Chart

Site Group International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.14

0.07

0.01

0.04

0.98

Site Group International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.09	0.04	0.54	0.98	0.28

Competitive Comparison of Site Group International's Cash-to-Debt

For the Education & Training Services subindustry, Site Group International'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.

Site Group International's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Site Group International's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Site Group International's Cash-to-Debt falls into.

Site Group International 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.

Site Group International's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 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)
	=	1.045	/	(0.489	+	0.574)
	=	0.98

Site Group International's Cash to Debt Ratio for the quarter that ended in Dec. 2023 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)
	=	0.398	/	(0.546	+	0.863)
	=	0.28

Site Group International (ASX:SIT) 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.

Site Group International Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Site Group International's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Site Group International (ASX:SIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Site Group International Ltd (ASX:SIT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

488 Queen Street, Level 2, Brisbane, QLD, AUS, 4000

Website

https://www.site.edu.au

Site Group International Ltd is engaged in education services in Australia and internationally. It delivers workforce solutions across a variety of industries to both retail and corporate clients. Its segments include Site Skills Training - International, which operates a facility at Clark Freeport Zone in the Philippines, Energy Services, which refers to the establishment of specialised energy training and services, and Tertiary Education, which delivers Diploma and certificate level courses at Site's campuses in Australia. It provides vocational training and assessment services for candidates in the mining and processing, oil and gas, construction, camp services, hospitality, and logistics sectors. The majority of revenue is derived from Site Skills Training.

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