Primeserv Group (JSE:PMV) Cash-to-Debt : 19.18 (As of Sep. 2023)

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What is Primeserv 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. Primeserv Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 19.18.

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, Primeserv Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

JSE:PMV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.45 Max: 19.18
Current: 19.18

During the past 13 years, Primeserv Group's highest Cash to Debt Ratio was 19.18. The lowest was 0.02. And the median was 0.45.

JSE:PMV's Cash-to-Debt is ranked better than
82.76% of 1067 companies
in the Business Services industry
Industry Median: 0.98 vs JSE:PMV: 19.18

Primeserv Group Cash-to-Debt Historical Data

The historical data trend for Primeserv 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.

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Primeserv Group Cash-to-Debt Chart

Primeserv Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.36

1.30

3.93

10.30

13.74

Primeserv Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															10.62	10.30	10.68	13.74	19.18

Competitive Comparison of Primeserv Group's Cash-to-Debt

For the Staffing & Employment Services subindustry, Primeserv 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.

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

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

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

Primeserv 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.

Primeserv Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	61.61	/	(2.841	+	1.642)
	=	13.74

Primeserv Group's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	60.473	/	(2.276	+	0.877)
	=	19.18

Primeserv Group (JSE:PMV) 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.

Primeserv Group Cash-to-Debt Related Terms

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

Primeserv Group (JSE:PMV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Primeserv Group Ltd (JSE:PMV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Rudd Road, Illovo, Sandton, Johanessburg, GT, ZAF, 2196

Website

https://www.primeserv.co.za

Primeserv Group Ltd is an investment holding company. The company focuses on business support services delivering specialized human capital management services and solutions. Its operating segment includes Integrated Business Support Services and Shared Services. The company generates maximum revenue from the Integrated Business Support Services segment. It serves various industries such as Agriculture, Automotive, Banking, Construction, Design and Draughting, Transportation, Engineering, Financial and Insurance, Food Production, Government Services, Harbours and Railways, Hospital, Nursing, Medical, Logistics and Distribution Centres, Mechanical, Mining, Paper and Pulp, Petrochemical, Pharmaceutical, Power Generation, Retail and Wholesale, Tourism, Telecoms, Warehousing, Waste Management.

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