2Go Group (PHS:2GO) Cash-to-Debt : 0.17 (As of Mar. 2023)

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What is 2Go 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. 2Go Group's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.17.

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, 2Go Group couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

The historical rank and industry rank for 2Go Group's Cash-to-Debt or its related term are showing as below:

PHS:2GO's Cash-to-Debt is not ranked ^*
in the Transportation industry.
Industry Median: 0.48
* Ranked among companies with meaningful Cash-to-Debt only.

2Go Group Cash-to-Debt Historical Data

The historical data trend for 2Go 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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2Go Group Cash-to-Debt Chart

2Go Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.23

0.13

0.09

2Go Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial															0.10	0.08	0.09	0.09	0.17

Competitive Comparison of 2Go Group's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, 2Go 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.

2Go Group's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, 2Go Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where 2Go Group's Cash-to-Debt falls into.

2Go 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.

2Go Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	724.527	/	(6150.21	+	1842.489)
	=	0.09

2Go Group's Cash to Debt Ratio for the quarter 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)
	=	1328.833	/	(6023.783	+	1766.408)
	=	0.17

2Go Group (PHS:2GO) 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.

2Go Group Cash-to-Debt Related Terms

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2Go Group (PHS:2GO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » 2Go Group Inc (PHS:2GO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Macapagal Boulevard, 8th Floor Double Dragon Plaza, Tower 1, corner EDSA Extension, Pasay, PHL, 1302

Website

https://www.2go.com.ph

2Go Group Inc is a Philippines-based logistics provider. The group owns and operates successful brands such as 2GO Travel, 2GO Freight, 2GO Express, and 2GO Logistics, offering an array of logistics and travel services. The business functions throughout the Philippines and it offers services such as international shipping, international freight forwarding, customs clearance, domestic shipping, freight and travel, warehousing, land transport, express, projects, and trade. Its reporting segments involve the shipping segment which t provides ocean-going transportation of passengers, rolling cargo, and freight cargo and the non-shipping segment provides logistics, sale of goods, supply chain management, and other services.

2Go Group (PHS:2GO) Headlines

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