PT Jasa Marga (Persero) Tbk (ISX:JSMR) Debt-to-Equity : 2.41 (As of Mar. 2024)

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What is PT Jasa Marga (Persero) Tbk Debt-to-Equity?

PT Jasa Marga (Persero) Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp8,814,362 Mil. PT Jasa Marga (Persero) Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp59,841,097 Mil. PT Jasa Marga (Persero) Tbk's Total Stockholders Equity for the quarter that ended in Mar. 2024 was Rp28,457,723 Mil. PT Jasa Marga (Persero) Tbk's debt to equity for the quarter that ended in Mar. 2024 was 2.41.

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 Jasa Marga (Persero) Tbk's Debt-to-Equity or its related term are showing as below:

ISX:JSMR' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.35 Med: 2.11 Max: 3.43
Current: 2.41

During the past 13 years, the highest Debt-to-Equity Ratio of PT Jasa Marga (Persero) Tbk was 3.43. The lowest was 1.35. And the median was 2.11.

ISX:JSMR's Debt-to-Equity is ranked worse than
93.12% of 1511 companies
in the Construction industry
Industry Median: 0.44 vs ISX:JSMR: 2.41

PT Jasa Marga (Persero) Tbk Debt-to-Equity Historical Data

The historical data trend for PT Jasa Marga (Persero) 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 Jasa Marga (Persero) Tbk Debt-to-Equity Chart

PT Jasa Marga (Persero) Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.30

3.35

3.00

2.35

2.47

PT Jasa Marga (Persero) 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															2.14	2.28	2.50	2.47	2.41

Competitive Comparison of PT Jasa Marga (Persero) Tbk's Debt-to-Equity

For the Infrastructure Operations subindustry, PT Jasa Marga (Persero) 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 Jasa Marga (Persero) Tbk's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, PT Jasa Marga (Persero) Tbk's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PT Jasa Marga (Persero) Tbk's Debt-to-Equity falls into.

PT Jasa Marga (Persero) Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PT Jasa Marga (Persero) 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
	=	(10752190	+	58001183)	/	27891437
	=	2.47

PT Jasa Marga (Persero) 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
	=	(8814362	+	59841097)	/	28457723
	=	2.41

PT Jasa Marga (Persero) Tbk (ISX:JSMR) 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 Jasa Marga (Persero) Tbk Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of PT Jasa Marga (Persero) Tbk's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Jasa Marga (Persero) Tbk (ISX:JSMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » PT Jasa Marga (Persero) Tbk (ISX:JSMR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PTJSF:USA 0JM:Germany

Address

Plaza Tol Taman Mini Indonesia Indah, Kantor Pusat, Jakarta, IDN, 13550

Website

https://www.jasamarga.com

PT Jasa Marga (Persero) Tbk is an industrial company that constructs and operates toll roads. The company organizes operations into five segments: toll road, operations, maintenance, Related business, and others. The toll business segment, which contributes the vast majority of revenue, works on increasing ownership of the company's toll road assets. The operating segment is engaged in operating toll roads, while the maintenance segment provides toll road maintenance services. The other business segment operates fuel stations, leases and sells property assets, and earns advertising revenue.

PT Jasa Marga (Persero) Tbk (ISX:JSMR) Headlines

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