PT Indo-Rama Synthetics Tbk (ISX:INDR) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is PT Indo-Rama Synthetics Tbk Debt-to-Equity?

PT Indo-Rama Synthetics Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp803,605 Mil. PT Indo-Rama Synthetics Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp982,692 Mil. PT Indo-Rama Synthetics Tbk's Total Stockholders Equity for the quarter that ended in Mar. 2024 was Rp6,219,336 Mil. PT Indo-Rama Synthetics Tbk's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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

ISX:INDR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.49 Max: 1.16
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of PT Indo-Rama Synthetics Tbk was 1.16. The lowest was 0.14. And the median was 0.49.

ISX:INDR's Debt-to-Equity is ranked better than
61.97% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs ISX:INDR: 0.29

PT Indo-Rama Synthetics Tbk Debt-to-Equity Historical Data

The historical data trend for PT Indo-Rama Synthetics 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.

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PT Indo-Rama Synthetics Tbk Debt-to-Equity Chart

PT Indo-Rama Synthetics Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.40

0.49

0.33

0.29

PT Indo-Rama Synthetics 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															0.28	0.25	0.23	0.29	0.29

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

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

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

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

PT Indo-Rama Synthetics Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PT Indo-Rama Synthetics 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
	=	(990755.029	+	825063.938)	/	6336296.801
	=	0.29

PT Indo-Rama Synthetics 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
	=	(803604.876	+	982692.465)	/	6219335.663
	=	0.29

PT Indo-Rama Synthetics Tbk (ISX:INDR) 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-Rama Synthetics Tbk Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of PT Indo-Rama Synthetics Tbk's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Indo-Rama Synthetics Tbk (ISX:INDR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan H. R. Rasuna Said, Blok X-1, Kav. 1-2, Graha Irama, 17th Floor, Jakarta, IDN, 12950

Website

https://www.indorama.co.id

PT Indo-Rama Synthetics Tbk manufactures polyester, fertilizers, and textiles. The company operates in segments that include Spun Yarns which manufactures spun yarn and sewing threads, Polyester which manufactures polyester yarns, polyester staple fiber, chips, and pet resin, Fabrics which manufactures polyester fabrics, and others which is engaged in trading, investment, and Other activities. The Spun Yarn and Polyester segment of the company generates maximum revenue for the company. Geographically the company exports its products to Europe, Asia, and North and South America.

PT Indo-Rama Synthetics Tbk (ISX:INDR) Headlines

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