The GO2 People (ASX:GO2) Debt-to-Equity : -2.74 (As of Dec. 2022)

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What is The GO2 People Debt-to-Equity?

The GO2 People's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was A$2.94 Mil. The GO2 People's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was A$2.55 Mil. The GO2 People's Total Stockholders Equity for the quarter that ended in Dec. 2022 was A$-2.00 Mil. The GO2 People's debt to equity for the quarter that ended in Dec. 2022 was -2.74.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for The GO2 People's Debt-to-Equity or its related term are showing as below:

ASX:GO2's Debt-to-Equity is not ranked ^*
in the Business Services industry.
Industry Median: 0.37
* Ranked among companies with meaningful Debt-to-Equity only.

The GO2 People Debt-to-Equity Historical Data

The historical data trend for The GO2 People's Debt-to-Equity 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.

* Premium members only.

The GO2 People Debt-to-Equity Chart

The GO2 People Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Debt-to-Equity

1.43

4.23

-26.27

1.18

72.62

The GO2 People Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Debt-to-Equity	Get a 7-Day Free Trial						-14.77	1.18	2.04	72.62	-2.74

Competitive Comparison of The GO2 People's Debt-to-Equity

For the Staffing & Employment Services subindustry, The GO2 People's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 GO2 People's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, The GO2 People's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where The GO2 People's Debt-to-Equity falls into.

The GO2 People Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The GO2 People's Debt to Equity Ratio for the fiscal year that ended in Jun. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3.424	+	2.821)	/	0.086
	=	72.62

The GO2 People's Debt to Equity Ratio for the quarter that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2.94	+	2.547)	/	-2.003
	=	-2.74

The GO2 People (ASX:GO2) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

The GO2 People Debt-to-Equity Related Terms

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The GO2 People (ASX:GO2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » The GO2 People Ltd (ASX:GO2) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3/271 Berkshire Road, Forrestfield, Perth, WA, AUS, 6058

Website

https://www.thego2people.com.au

The GO2 People Ltd is one of the providers of vertically integrated recruitment and building services to industries throughout Australia. The company derives a majority of its revenue from Recruitment income.

The GO2 People (ASX:GO2) Headlines

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