PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is PT Gowa Makassar Tourism Development Tbk Debt-to-Equity?

PT Gowa Makassar Tourism Development Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was Rp0 Mil. PT Gowa Makassar Tourism Development Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was Rp0 Mil. PT Gowa Makassar Tourism Development Tbk's Total Stockholders Equity for the quarter that ended in Dec. 2023 was Rp696,284 Mil. PT Gowa Makassar Tourism Development Tbk's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Gowa Makassar Tourism Development Tbk's Debt-to-Equity or its related term are showing as below:

During the past 12 years, the highest Debt-to-Equity Ratio of PT Gowa Makassar Tourism Development Tbk was 0.12. The lowest was 0.05. And the median was 0.10.

ISX:GMTD's Debt-to-Equity is not ranked ^*
in the Real Estate industry.
Industry Median: 0.76
* Ranked among companies with meaningful Debt-to-Equity only.

PT Gowa Makassar Tourism Development Tbk Debt-to-Equity Historical Data

The historical data trend for PT Gowa Makassar Tourism Development 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 Gowa Makassar Tourism Development Tbk Debt-to-Equity Chart

PT Gowa Makassar Tourism Development Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.12

0.05

0.07

PT Gowa Makassar Tourism Development 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															0.07	0.05	0.06	-	-

Competitive Comparison of PT Gowa Makassar Tourism Development Tbk's Debt-to-Equity

For the Real Estate - Development subindustry, PT Gowa Makassar Tourism Development 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 Gowa Makassar Tourism Development Tbk's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Gowa Makassar Tourism Development Tbk's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PT Gowa Makassar Tourism Development Tbk's Debt-to-Equity falls into.

PT Gowa Makassar Tourism Development Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PT Gowa Makassar Tourism Development 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
	=	(0	+	0)	/	696284.154
	=	0.00

PT Gowa Makassar Tourism Development 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
	=	(0	+	0)	/	696284.154
	=	0.00

PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) 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 Gowa Makassar Tourism Development Tbk Debt-to-Equity Related Terms

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PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) » Definitions » Debt-to-Equity

Comparable Companies

XTAE:YBOX BKK:CGD PHS:IRC HKSE:03366 BOM:514215 HKSE:00298 CAI:ZMID TSE:1814 XKLS:1503 SHSE:600890

Traded in Other Exchanges

N/A

Address

Jalan Metro Tanjung Bunga Mall GTC, GA-9 No. 1B, Tanjung Bunga, Sulawesi Selatan, Makassar, IDN, 90134

Website

https://www.tanjungbunga.com

PT Gowa Makassar Tourism Development Tbk engages in property development and investment business. It is involved in the development of residential estates, apartments, condominiums, hotels, recreational facilities, commercial complexes, real estate, and other supporting facilities. It classifies its business activities into two business segments, the Core segment which consists of sales of residential houses, shop houses, and ready-to-build land, and a supporting segment consisting of Akkarena tourism area management and urban management. Its projects include Residential and Commercial. Its organization is based in Indonesia and the majority of its revenues are derived from the real estate business.

PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Headlines

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