PT Adirana Armada Tbk (ISX:ASSA) Debt-to-Equity : 2.11 (As of Mar. 2024)

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What is PT Adirana Armada Tbk Debt-to-Equity?

PT Adirana Armada Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp1,207,472 Mil. PT Adirana Armada Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp2,855,227 Mil. PT Adirana Armada Tbk's Total Stockholders Equity for the quarter that ended in Mar. 2024 was Rp1,927,832 Mil. PT Adirana Armada Tbk's debt to equity for the quarter that ended in Mar. 2024 was 2.11.

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 PT Adirana Armada Tbk's Debt-to-Equity or its related term are showing as below:

ISX:ASSA' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.46 Med: 2.11 Max: 2.51
Current: 2.11

During the past 13 years, the highest Debt-to-Equity Ratio of PT Adirana Armada Tbk was 2.51. The lowest was 1.46. And the median was 2.11.

ISX:ASSA's Debt-to-Equity is ranked worse than
87.07% of 928 companies
in the Business Services industry
Industry Median: 0.37 vs ISX:ASSA: 2.11

PT Adirana Armada Tbk Debt-to-Equity Historical Data

The historical data trend for PT Adirana Armada Tbk'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.

PT Adirana Armada Tbk Debt-to-Equity Chart

PT Adirana Armada Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.44

2.33

2.36

2.51

2.12

PT Adirana Armada Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															2.36	2.33	2.09	2.12	2.11

Competitive Comparison of PT Adirana Armada Tbk's Debt-to-Equity

For the Rental & Leasing Services subindustry, PT Adirana Armada Tbk'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.

PT Adirana Armada Tbk's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, PT Adirana Armada Tbk's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PT Adirana Armada Tbk's Debt-to-Equity falls into.

PT Adirana Armada Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PT Adirana Armada Tbk's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 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
	=	(1151119.673	+	2791807.589)	/	1857789.74
	=	2.12

PT Adirana Armada Tbk's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(1207471.572	+	2855227.49)	/	1927832.215
	=	2.11

PT Adirana Armada Tbk (ISX:ASSA) 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.

PT Adirana Armada Tbk Debt-to-Equity Related Terms

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PT Adirana Armada Tbk (ISX:ASSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » PT Adi Sarana Armada Tbk (ISX:ASSA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Yos Sudarso No. 88 Sunter, Jakarta Utara, Jakarta, IDN, 14350

Website

https://www.assarent.co.id

PT Adi Sarana Armada Tbk provides integrated transportation solutions in the form of vehicle rental services. The company is engaged in businesses inland transportation, including passenger transportation by means of buses, sedans, and other land vehicles, transporting goods, delivery, transportation management, expedition, and warehouses, and provides long and short-term rental services. The company's segment includes Vehicle lease, Autopool and Driver; Sale of the used vehicles; Logistics; Express; Auction, and others.

PT Adirana Armada Tbk (ISX:ASSA) Headlines

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