Johnson Service Group (LSE:JSG) Cash-to-Debt : 0.08 (As of Dec. 2023)

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What is Johnson Service 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. Johnson Service Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.08.

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

LSE:JSG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.19
Current: 0.08

During the past 13 years, Johnson Service Group's highest Cash to Debt Ratio was 0.19. The lowest was 0.01. And the median was 0.06.

LSE:JSG's Cash-to-Debt is ranked worse than
88.25% of 1064 companies
in the Business Services industry
Industry Median: 0.97 vs LSE:JSG: 0.08

Johnson Service Group Cash-to-Debt Historical Data

The historical data trend for Johnson Service 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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Johnson Service Group Cash-to-Debt Chart

Johnson Service Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.06

0.19

0.08

0.11

0.08

Johnson Service Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.08	0.12	0.11	0.07	0.08

Competitive Comparison of Johnson Service Group's Cash-to-Debt

For the Specialty Business Services subindustry, Johnson Service 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.

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

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

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

Johnson Service 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.

Johnson Service Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	9.6	/	(13.8	+	100.7)
	=	0.08

Johnson Service Group's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	9.6	/	(13.8	+	100.7)
	=	0.08

Johnson Service Group (LSE:JSG) 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.

Johnson Service Group Cash-to-Debt Related Terms

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Johnson Service Group (LSE:JSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Johnson Service Group PLC (LSE:JSG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

JSG.GB:UK

Address

Johnson House, Abbots Park, Monks Way, Preston Brook, Cheshire, GBR, WA7 3GH

Website

https://www.jsg.com

Johnson Service Group PLC United Kingdom-based company that provides textile-related services to businesses and consumers. It primarily operates through the Textile Rental segment. The Textile Rental segment is engaged in the provision and laundering of workwear, roller towels, corporate apparel and catering and hospitality markets. It operates the Textile Rental business under Apparelmaster, Stalbridge, Bourne and London Linen brands. The company derives the majority of its revenue from the Textile Rental segment.

Johnson Service Group (LSE:JSG) Headlines

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