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Step One ClothingASX:STP -6.45%29 Cash-to-Debt is 32.51 as of Jun. 2026, which is 100% below its 10-year median of 10,000.00. GuruFocus rates ASX:STP with a GF Score™ of 29/100 and a GF Value™ of A$0.63 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,120 Retail - Cyclical companies, Step One Clothing ranks better than 93.48% on this metric.
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. Step One Clothing's cash to debt ratio for the quarter that ended in Jun. 2026 was 32.51.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Step One Clothingcould pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Step One Clothing's Cash-to-Debt or its related term are showing as below:
ASX:STP'
s Cash-to-Debt Range Over the Past 10 Years
Min: 32.51 Med: No Debt Max: No Debt
Current: 32.51
During the past 6 years, Step One Clothing's highest Cash to Debt Ratio was No Debt. The lowest was 32.51. And the median was No Debt.
ASX:STP's Cash-to-Debt is ranked better than 93.48% of 1120
companies
in the Retail - Cyclical industry
Industry Median: 0.47
vs ASX:STP: 32.51
Step One Clothing (ASX:STP) 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.
Step One Clothing Cash-to-Debt Related Terms
Step One Clothing Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Step One Clothing'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.
ASX:STP vs TJX, ROST, BURL: Cash-to-Debt Comparison
For the Apparel Retail subindustry, Step One Clothing'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.
Step One Clothing Cash-to-Debt vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Step One Clothing's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Step One Clothing's Cash-to-Debt falls into.
* 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.
Step One Clothing (ASX:STP) has a Cash-to-Debt of 32.51 as of Jun. 2026. This is 100% below median its historical median of 10,000.00. Over the past decade, Step One Clothing's Cash-to-Debt has ranged from 32.51 to 10,000.00. According to the industry distribution chart, Step One Clothing ranks #73 out of 1120 companies in the Retail - Cyclical industry, placing it in the top 6.5%.
Is Step One Clothing's Cash-to-Debt too high?
Step One Clothing's current Cash-to-Debt of 32.51 is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 32.51 to a high of 10,000.00. The Retail - Cyclical industry median Cash-to-Debt is 0.47. Step One Clothing's value of 32.51 is 6817% above this industry median. Based on the distribution chart, Step One Clothing ranks #73 out of 1120 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Step One Clothing has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Step One Clothing's Cash-to-Debt compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Step One Clothing ranks #73 out of 1120 companies for Cash-to-Debt. This places Step One Clothing in the top 7% of its industry — outperforming the majority of peers. The industry median Cash-to-Debt is 0.47. Step One Clothing's value of 32.51 is 6817% above this benchmark. Historically, Step One Clothing's own Cash-to-Debt has ranged from 32.51 to 10,000.00 over the past decade. While the company's 10-year median is 10,000.00 vs. the industry median of 0.47, Step One Clothing has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Retail - Cyclical company?
The median Cash-to-Debt among Retail - Cyclical companies is 0.47, based on 1,120 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Step One Clothing's current Cash-to-Debt of 32.51 is 6817% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Retail - Cyclical industry, the median Cash-to-Debt is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Step One Clothing's current Cash-to-Debt is 32.51, which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Step One Clothing stock overvalued right now?
Based on GuruFocus' analysis, Step One Clothing (ASX:STP) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.63, compared to a current price of A$0.15 — trading 77% below its estimated fair value. The current Cash-to-Debt is 32.51, which is 100% below median its 10-year median of 10,000.00 and 6817% above the Retail - Cyclical industry median of 0.47. Step One Clothing's overall GF Score™ is 29/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Step One Clothing (ASX:STP), the current Cash-to-Debt is 32.51 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Step One Clothing (ASX:STP) Overvalued in 2026?
Based on GuruFocus' analysis, Step One Clothing stock appears to be undervalued.
The current stock price of A$0.15 is trading 77% below its estimated GF Value™ of A$0.63.
GuruFocus considers Step One Clothing to be Possible Value Trap.
Key valuation signals for ASX:STP:
Cash-to-Debt: 32.51 (100% below median its 10-year median of 10,000.00)
GF Value™: A$0.63 vs. price of A$0.15 (77% below fair value)
Industry Position: 6817% above the Retail - Cyclical median (#73 of 1120)
No single metric tells the full story. See the ASX:STP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Step One Clothing Ltd is a direct-to-consumer online retailer for men's undergarments. Its products comprise Boxer Brief, Trunks, and Boxer Breif+Fly. Its group is organized into three operating segments, being online retail sales for Australia, the United Kingdom, and the United States of America, however, these segments are aggregated into one reportable segment.
29GF Score
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