GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Galaxy Payroll Group Ltd (NAS:GLXG) » Definitions » Cash-to-Debt

GLXG (Galaxy Payroll Group) Cash-to-Debt : 4.63 (As of Jun. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Galaxy Payroll Group 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. Galaxy Payroll Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 4.63.

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, Galaxy Payroll Group could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

GLXG' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.58   Med: 3.87   Max: 5.55
Current: 4.63

During the past 4 years, Galaxy Payroll Group's highest Cash to Debt Ratio was 5.55. The lowest was 2.58. And the median was 3.87.

GLXG's Cash-to-Debt is ranked better than
70.07% of 1049 companies
in the Business Services industry
Industry Median: 1.06 vs GLXG: 4.63

Galaxy Payroll Group Cash-to-Debt Historical Data

The historical data trend for Galaxy Payroll Group'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.

* Premium members only.

Galaxy Payroll Group Cash-to-Debt Chart

Galaxy Payroll Group Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Cash-to-Debt
3.11 2.58 5.55 4.63

Galaxy Payroll Group Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Cash-to-Debt Get a 7-Day Free Trial 2.58 4.73 5.55 17.59 4.63

Competitive Comparison of Galaxy Payroll Group's Cash-to-Debt

For the Staffing & Employment Services subindustry, Galaxy Payroll Group'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.

Galaxy Payroll Group's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Galaxy Payroll Group's Cash-to-Debt distribution charts can be found below:

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


;
;

Galaxy Payroll Group 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.

Galaxy Payroll Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
=1.39 / (0.14 + 0.16)
=4.63

Galaxy Payroll Group's Cash to Debt Ratio for the quarter that ended in Jun. 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)
=1.39 / (0.14 + 0.16)
=4.63

* 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.

Galaxy Payroll Group  (NAS:GLXG) 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.

Galaxy Payroll Group Cash-to-Debt Related Terms

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

Galaxy Payroll Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Galaxy Payroll Group Ltd (NAS:GLXG) » Definitions » Cash-to-Debt
Comparable Companies
RLBY IPDN STAF JOB NIXX HSON BGSF XAMS:RAND RHI XSWX:ADEN TNET TSE:2181 KFY NSP MAN TSE:6028 LSE:HAS SHSE:600861 TSE:9744 LSE:PAGE
Traded in Other Exchanges
N/A
Address
77 Wing Lok Street, 25th Floor, Ovest, Sheung Wan, Hong Kong, HKG
Website
https://www.galaxy-hk.com
Galaxy Payroll Group Ltd provides payroll outsourcing, employment, consultancy, and market research services based in Hong Kong. Its client base includes retail, trading, industrial, IT, financial, and professional services industries. Geographically, the company derives maximum revenue from its clients in the People's Republic of China and the rest from Hong Kong, Macau, Taiwan, Japan, Thailand, Singapore, and other countries.