PT Golden Energy Mines Tbk (ISX:GEMS) Debt-to-Equity : 0.39 (As of Dec. 2023)

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What is PT Golden Energy Mines Tbk Debt-to-Equity?

PT Golden Energy Mines Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was Rp3,895,529 Mil. PT Golden Energy Mines Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was Rp6,613 Mil. PT Golden Energy Mines Tbk's Total Stockholders Equity for the quarter that ended in Dec. 2023 was Rp10,078,205 Mil. PT Golden Energy Mines Tbk's debt to equity for the quarter that ended in Dec. 2023 was 0.39.

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 Golden Energy Mines Tbk's Debt-to-Equity or its related term are showing as below:

ISX:GEMS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.3 Max: 0.43
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of PT Golden Energy Mines Tbk was 0.43. The lowest was 0.02. And the median was 0.30.

ISX:GEMS's Debt-to-Equity is ranked worse than
64.29% of 126 companies
in the Other Energy Sources industry
Industry Median: 0.235 vs ISX:GEMS: 0.39

PT Golden Energy Mines Tbk Debt-to-Equity Historical Data

The historical data trend for PT Golden Energy Mines 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 Golden Energy Mines Tbk Debt-to-Equity Chart

PT Golden Energy Mines Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.38

0.43

0.36

0.24

0.39

PT Golden Energy Mines Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.24	0.16	0.10	0.21	0.39

Competitive Comparison of PT Golden Energy Mines Tbk's Debt-to-Equity

For the Thermal Coal subindustry, PT Golden Energy Mines 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 Golden Energy Mines Tbk's Debt-to-Equity Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Golden Energy Mines Tbk's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PT Golden Energy Mines Tbk's Debt-to-Equity falls into.

PT Golden Energy Mines Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PT Golden Energy Mines 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
	=	(3895528.9	+	6613.461)	/	10078205.332
	=	0.39

PT Golden Energy Mines Tbk's Debt to Equity Ratio for the quarter 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
	=	(3895528.9	+	6613.461)	/	10078205.332
	=	0.39

PT Golden Energy Mines Tbk (ISX:GEMS) 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 Golden Energy Mines Tbk Debt-to-Equity Related Terms

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PT Golden Energy Mines Tbk (ISX:GEMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Golden Energy Mines Tbk (ISX:GEMS) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Jalan MH Thamrin No. 51, Sinar Mas Land Plaza, Tower II, 6th Floor, Jakarta Pusat, Jakarta, IDN, 10350

Website

https://www.goldenenergymines.com

PT Golden Energy Mines Tbk is engaged in the mining and coal trading business. The company is structured in two segments namely, Coal Mining Segment and Coal Trading Segment. Its principal activities include the exploration, mining, processing, and marketing of thermal coal. The company operates in three concession areas: South Kalimantan, Jambi and Central Kalimantan. Most of its revenue is derived from Indonesia.

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