PT Petrindo Jaya Kreasi Tbk (ISX:CUAN) Cash-to-Debt : 0.32 (As of Mar. 2024)

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What is PT Petrindo Jaya Kreasi Tbk 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. PT Petrindo Jaya Kreasi Tbk's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.32.

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, PT Petrindo Jaya Kreasi Tbk couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for PT Petrindo Jaya Kreasi Tbk's Cash-to-Debt or its related term are showing as below:

ISX:CUAN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: No Debt Max: No Debt
Current: 0.32

During the past 5 years, PT Petrindo Jaya Kreasi Tbk's highest Cash to Debt Ratio was No Debt. The lowest was 0.32. And the median was No Debt.

ISX:CUAN's Cash-to-Debt is ranked worse than
79.56% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs ISX:CUAN: 0.32

PT Petrindo Jaya Kreasi Tbk Cash-to-Debt Historical Data

The historical data trend for PT Petrindo Jaya Kreasi Tbk'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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PT Petrindo Jaya Kreasi Tbk Cash-to-Debt Chart

PT Petrindo Jaya Kreasi Tbk Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

0.82

PT Petrindo Jaya Kreasi Tbk Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	0.82	0.32

Competitive Comparison of PT Petrindo Jaya Kreasi Tbk's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, PT Petrindo Jaya Kreasi Tbk'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.

PT Petrindo Jaya Kreasi Tbk's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Petrindo Jaya Kreasi Tbk's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where PT Petrindo Jaya Kreasi Tbk's Cash-to-Debt falls into.

PT Petrindo Jaya Kreasi Tbk 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.

PT Petrindo Jaya Kreasi Tbk'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)
	=	927148.643	/	(194981.478	+	930863.897)
	=	0.82

PT Petrindo Jaya Kreasi Tbk's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	2532107.659	/	(1683858.068	+	6164716.801)
	=	0.32

PT Petrindo Jaya Kreasi Tbk (ISX:CUAN) 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.

PT Petrindo Jaya Kreasi Tbk Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of PT Petrindo Jaya Kreasi Tbk's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Petrindo Jaya Kreasi Tbk (ISX:CUAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PT Petrindo Jaya Kreasi Tbk (ISX:CUAN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Let. Gen. S. Parman Kav. 62-63, Wisma Barito Pacific Tower B, 3rd Floor, Jakarta, IDN, 11410

Website

https://www.petrindo.co.id

PT Petrindo Jaya Kreasi Tbk is engaged in the mineral and energy mining business sector. It carries out coal and gold mining business activities through subsidiary entities located in Kalimantan and West Nusa Tenggara. The company has three coal mining concessions in Kalimantan and one gold mining concession in West Nusa Tenggara which are managed by subsidiaries.

PT Petrindo Jaya Kreasi Tbk (ISX:CUAN) Headlines

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