PT Goto Gojek Tokopedia Tbk (FRA:CK8) Cash-to-Debt : 4.34 (As of Dec. 2024)

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What is PT Goto Gojek Tokopedia Tbk 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. PT Goto Gojek Tokopedia Tbk's cash to debt ratio for the quarter that ended in Dec. 2024 was 4.34.

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, PT Goto Gojek Tokopedia Tbk could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for PT Goto Gojek Tokopedia Tbk's Cash-to-Debt or its related term are showing as below:

FRA:CK8' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.34 Med: 6.4 Max: No Debt
Current: 4.34

During the past 7 years, PT Goto Gojek Tokopedia Tbk's highest Cash to Debt Ratio was No Debt. The lowest was 4.34. And the median was 6.40.

FRA:CK8's Cash-to-Debt is ranked better than
57.08% of 2803 companies
in the Software industry
Industry Median: 2.61 vs FRA:CK8: 4.34

PT Goto Gojek Tokopedia Tbk Cash-to-Debt Historical Data

The historical data trend for PT Goto Gojek Tokopedia Tbk'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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PT Goto Gojek Tokopedia Tbk Cash-to-Debt Chart

PT Goto Gojek Tokopedia Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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5.89

13.25

11.99

6.40

4.34

PT Goto Gojek Tokopedia Tbk Quarterly Data
	Dec18	Dec19	Dec20	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial												6.40	5.67	4.54	4.41	4.34

Competitive Comparison of PT Goto Gojek Tokopedia Tbk's Cash-to-Debt

For the Software - Infrastructure subindustry, PT Goto Gojek Tokopedia Tbk'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.

PT Goto Gojek Tokopedia Tbk's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, PT Goto Gojek Tokopedia Tbk's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where PT Goto Gojek Tokopedia Tbk's Cash-to-Debt falls into.

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PT Goto Gojek Tokopedia Tbk 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.

PT Goto Gojek Tokopedia Tbk's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 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)
	=	1246.347	/	(131.58	+	155.414)
	=	4.34

PT Goto Gojek Tokopedia Tbk's Cash to Debt Ratio for the quarter that ended in Dec. 2024 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)
	=	1246.347	/	(131.58	+	155.414)
	=	4.34

PT Goto Gojek Tokopedia Tbk (FRA:CK8) 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.

PT Goto Gojek Tokopedia Tbk Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of PT Goto Gojek Tokopedia Tbk's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Goto Gojek Tokopedia Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PT Goto Gojek Tokopedia Tbk (FRA:CK8) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GTOFF:USA GOTO:Indonesia

Address

Jalan Iskandarsyah II No. 2, Gedung Pasaraya Blok M, 6-7th Floor, Jakarta, IDN, 12160

Website

https://www.gotocompany.com

GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the on-demand service to account for the majority of revenue while its financial services begin to ramp. Prior to the deconsolidation, 82% of nonfinancial services gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy now, pay later programs. The company competes with Grab in the ride-hailing and delivery business, and Sea and Lazada for e-commerce.

PT Goto Gojek Tokopedia Tbk Headlines

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