PT Petrindo Jaya Kreasi Tbk (ISX:CUAN) Debt-to-Equity : 3.65 (As of Mar. 2024)

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What is PT Petrindo Jaya Kreasi Tbk Debt-to-Equity?

PT Petrindo Jaya Kreasi Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp1,683,858 Mil. PT Petrindo Jaya Kreasi Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp6,164,717 Mil. PT Petrindo Jaya Kreasi Tbk's Total Stockholders Equity for the quarter that ended in Mar. 2024 was Rp2,149,267 Mil. PT Petrindo Jaya Kreasi Tbk's debt to equity for the quarter that ended in Mar. 2024 was 3.65.

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 Petrindo Jaya Kreasi Tbk's Debt-to-Equity or its related term are showing as below:

ISX:CUAN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.68 Med: 2.17 Max: 3.65
Current: 3.65

During the past 5 years, the highest Debt-to-Equity Ratio of PT Petrindo Jaya Kreasi Tbk was 3.65. The lowest was 0.68. And the median was 2.17.

ISX:CUAN's Debt-to-Equity is ranked worse than
98.08% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ISX:CUAN: 3.65

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

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

PT Petrindo Jaya Kreasi Tbk Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.68

PT Petrindo Jaya Kreasi Tbk Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								-	-	-	0.68	3.65

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

For the Other Industrial Metals & Mining subindustry, PT Petrindo Jaya Kreasi 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 Petrindo Jaya Kreasi Tbk's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

PT Petrindo Jaya Kreasi Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PT Petrindo Jaya Kreasi 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
	=	(194981.478	+	930863.897)	/	1651191.579
	=	0.68

PT Petrindo Jaya Kreasi 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
	=	(1683858.068	+	6164716.801)	/	2149266.892
	=	3.65

PT Petrindo Jaya Kreasi Tbk (ISX:CUAN) 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 Petrindo Jaya Kreasi Tbk Debt-to-Equity Related Terms

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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 » Debt-to-Equity

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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