The Goldmanchs Group (The Goldmanchs Group) Cash-to-Debt

: 0.73 (As of Dec. 2023)

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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. The Goldmanchs Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.73.

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, The Goldmanchs Group 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 The Goldmanchs Group's Cash-to-Debt or its related term are showing as below:

GS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 0.48 Max: 0.81
Current: 0.73

During the past 13 years, The Goldmanchs Group's highest Cash to Debt Ratio was 0.81. The lowest was 0.25. And the median was 0.48.

GS's Cash-to-Debt is ranked worse than
68.32% of 786 companies
in the Capital Markets industry
Industry Median: 1.73 vs GS: 0.73

The Goldmanchs Group Cash-to-Debt Historical Data

The historical data trend for The Goldmanchs 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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The Goldmanchs Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.48

0.53

0.81

0.75

0.73

The Goldmanchs Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.75	0.70	0.86	0.77	0.73

Competitive Comparison

For the Capital Markets subindustry, The Goldmanchs 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.

The Goldmanchs Group Cash-to-Debt Distribution

For the Capital Markets industry and Financial Services sector, The Goldmanchs Group's Cash-to-Debt distribution charts can be found below:

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

The Goldmanchs Group Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

The Goldmanchs Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	241577	/	(83149	+	250099)
	=	0.72

The Goldmanchs Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	241577	/	(83149	+	250099)
	=	0.72

The Goldmanchs Group (NYSE:GS) 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.

The Goldmanchs Group Cash-to-Debt Related Terms

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The Goldmanchs Group (The Goldmanchs Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » The Goldman Sachs Group Inc (NYSE:GS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GSpK.PFD:USA GSpD.PFD:USA GSpC.PFD:USA GSpA.PFD:USA GS:Peru GS:Mexico 1GS:Italy 0R3G:UK GOS:Germany GOS:Germany GOS:Germany GOS:Germany GS:Canada GSGI34:Brazil GS:Austria GS:Argentina

Address

200 West Street, New York, NY, USA, 10282

Website

https://www.goldmansachs.com

Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.

Executives

Brian J Lee	officer: Principal Accounting Officer	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Ericka T Leslie	officer: Chief Administrative Officer	200 WEST STREET, NEW YORK NY 10282
David M Solomon	officer: President and Co-COO	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Thomas K. Montag	director	C/O MERRILL LYNCH & CO., INC., 4 WORLD FINANCIAL CENTER, NEW YORK NY 10038
Philip R. Berlinski	officer: Global Treasurer	200 WEST STREET, NEW YORK NY 10282
Kathryn H. Ruemmler	officer: EVP, Chief Legal Officer, GC	200 WEST STREET, NEW YORK NY 10282
John E. Waldron	officer: President and COO	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Kevin R Johnson	director	2401 UTAH AVE. S, SUITE 800, SEATTLE WA 98134
Laurence Stein	officer: Chief Administrative Officer	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Mark A. Flaherty	director	C/O GOLDMAN, SACHS & CO., 200 WEST STREET, NEW YORK NY 10282
Denis P. Coleman	officer: Chief Financial Officer	200 WEST STREET, NEW YORK NY 10282
Stephen M Scherr	officer: Executive Vice President - CFO	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
David A Viniar	officer: Executive VP - CFO	C/O GOLDMAN SACHS GROUP INC, 200 WEST STREET, NEW YORK NY 10282
Jessica R. Uhl	director	200 WEST STREET, NEW YORK NY 10282
Kimberley D. Harris	director	200 WEST STREET, NEW YORK NY 10282