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PT Perusahaan Gas Negara Tbk (PT Perusahaan Gas Negara Tbk) Financial Strength : 6 (As of Mar. 2024)


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What is PT Perusahaan Gas Negara Tbk Financial Strength?

PT Perusahaan Gas Negara Tbk has the Financial Strength Rank of 6.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

PT Perusahaan Gas Negara Tbk's Interest Coverage for the quarter that ended in Mar. 2024 was 8.79. PT Perusahaan Gas Negara Tbk's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.40. As of today, PT Perusahaan Gas Negara Tbk's Altman Z-Score is 1.51.


Competitive Comparison of PT Perusahaan Gas Negara Tbk's Financial Strength

For the Utilities - Regulated Gas subindustry, PT Perusahaan Gas Negara Tbk's Financial Strength, along with its competitors' market caps and Financial Strength 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 Perusahaan Gas Negara Tbk's Financial Strength Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, PT Perusahaan Gas Negara Tbk's Financial Strength distribution charts can be found below:

* The bar in red indicates where PT Perusahaan Gas Negara Tbk's Financial Strength falls into.



PT Perusahaan Gas Negara Tbk Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

PT Perusahaan Gas Negara Tbk's Interest Expense for the months ended in Mar. 2024 was $-20 Mil. Its Operating Income for the months ended in Mar. 2024 was $175 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $893 Mil.

PT Perusahaan Gas Negara Tbk's Interest Coverage for the quarter that ended in Mar. 2024 is

Interest Coverage=-1*Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*175.461/-19.952
=8.79

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

PT Perusahaan Gas Negara Tbk's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(617.874 + 893.345) / 3797.336
=0.40

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

PT Perusahaan Gas Negara Tbk has a Z-score of 1.51, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 1.51 is in distress zone. This implies bankruptcy possibility in the next two years.

* 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.


PT Perusahaan Gas Negara Tbk  (OTCPK:PPAAY) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

PT Perusahaan Gas Negara Tbk has the Financial Strength Rank of 6.


PT Perusahaan Gas Negara Tbk Financial Strength Related Terms

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PT Perusahaan Gas Negara Tbk (PT Perusahaan Gas Negara Tbk) Business Description

Traded in Other Exchanges
Address
Jalan KH. Zainul Arifin Number 20, Jakarta, IDN, 11140
PT Perusahaan Gas Negara Tbk, or PGN, is an Indonesian natural gas company of which the Republic of Indonesia holds a majority stake. PGN is primarily involved in the transmission and distribution of natural gas. The company's segments include Natural gas trading and transmission, Exploration and production of oil and gas, and Other operation.

PT Perusahaan Gas Negara Tbk (PT Perusahaan Gas Negara Tbk) Headlines

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