Step One Clothing (ASX:STP) Cash-to-Debt : 11.86 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Step One Clothing 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. Step One Clothing's cash to debt ratio for the quarter that ended in Dec. 2023 was 11.86.

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, Step One Clothing could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

ASX:STP' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.86 Med: No Debt Max: No Debt
Current: 11.86

During the past 3 years, Step One Clothing's highest Cash to Debt Ratio was No Debt. The lowest was 11.86. And the median was No Debt.

ASX:STP's Cash-to-Debt is ranked better than
89.56% of 1092 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs ASX:STP: 11.86

Step One Clothing Cash-to-Debt Historical Data

The historical data trend for Step One Clothing'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.

* Premium members only.

Step One Clothing Cash-to-Debt Chart

Step One Clothing Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

Step One Clothing Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	No Debt	No Debt	No Debt	11.86

Competitive Comparison of Step One Clothing's Cash-to-Debt

For the Apparel Retail subindustry, Step One Clothing'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.

Step One Clothing's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Step One Clothing's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Step One Clothing's Cash-to-Debt falls into.

Step One Clothing 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.

Step One Clothing's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Step One Clothing had no debt ⁽¹⁾.

Step One Clothing'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)
	=	43.935	/	(3.528	+	0.178)
	=	11.86

Step One Clothing (ASX:STP) 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.

Step One Clothing Cash-to-Debt Related Terms

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

Step One Clothing (ASX:STP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Step One Clothing Ltd (ASX:STP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

J6H:Germany

Address

120 Chalmers Street, Surry Hills, Level 2, Sydney, NSW, AUS, 2010

Website

https://www.stepone.life

Step One Clothing Ltd is a direct-to-consumer online retailer for men's undergarments. Its products comprise Boxer Brief, Trunks, and Boxer Breif+Fly. The Group is organized into one operating segment: online retail sales.

Step One Clothing (ASX:STP) Headlines

No Headlines