PT Indo Kordsa Tbk (ISX:BRAM) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is PT Indo Kordsa Tbk Debt-to-Equity?

PT Indo Kordsa Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp41,962 Mil. PT Indo Kordsa Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp47,003 Mil. PT Indo Kordsa Tbk's Total Stockholders Equity for the quarter that ended in Mar. 2024 was Rp3,315,071 Mil. PT Indo Kordsa Tbk's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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 Indo Kordsa Tbk's Debt-to-Equity or its related term are showing as below:

ISX:BRAM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.12 Max: 0.52
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of PT Indo Kordsa Tbk was 0.52. The lowest was 0.03. And the median was 0.12.

ISX:BRAM's Debt-to-Equity is ranked better than
93.6% of 937 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs ISX:BRAM: 0.03

PT Indo Kordsa Tbk Debt-to-Equity Historical Data

The historical data trend for PT Indo Kordsa 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 Indo Kordsa Tbk Debt-to-Equity Chart

PT Indo Kordsa Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.07

0.10

0.11

0.05

0.04

PT Indo Kordsa 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															0.03	0.06	0.03	0.04	0.03

Competitive Comparison of PT Indo Kordsa Tbk's Debt-to-Equity

For the Textile Manufacturing subindustry, PT Indo Kordsa 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 Indo Kordsa Tbk's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Indo Kordsa Tbk's Debt-to-Equity distribution charts can be found below:

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

PT Indo Kordsa Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PT Indo Kordsa 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
	=	(91216.43	+	41222.365)	/	3281694.896
	=	0.04

PT Indo Kordsa 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
	=	(41962.333	+	47003.362)	/	3315070.52
	=	0.03

PT Indo Kordsa Tbk (ISX:BRAM) 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 Indo Kordsa Tbk Debt-to-Equity Related Terms

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PT Indo Kordsa Tbk (ISX:BRAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Indo Kordsa Tbk (ISX:BRAM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Pahlawan, Desa Karang Asem Timur, Citeureup, Bogor, IDN, 16810

Website

https://www.indokordsa.com

PT Indo Kordsa Tbk is an Indonesian company engaged in the manufacturing and sale of tire reinforcement materials. The business activity of the group is functioned through various divisions which include, Tyre cord fabric, Nylon yarn, and Polyester yarn. The company generates a majority of its revenue from tyre cord fabric segment. Geographically, it derives a majority of its revenue from Thailand and also has a presence in Other Countries.

PT Indo Kordsa Tbk (ISX:BRAM) Headlines

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