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PT Jakarta Setiabudi Internasional Tbk (ISX:JSPT) Current Ratio : 1.99 (As of Mar. 2024)


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What is PT Jakarta Setiabudi Internasional Tbk Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. PT Jakarta Setiabudi Internasional Tbk's current ratio for the quarter that ended in Mar. 2024 was 1.99.

PT Jakarta Setiabudi Internasional Tbk has a current ratio of 1.99. It generally indicates good short-term financial strength.

The historical rank and industry rank for PT Jakarta Setiabudi Internasional Tbk's Current Ratio or its related term are showing as below:

ISX:JSPT' s Current Ratio Range Over the Past 10 Years
Min: 1.57   Med: 2.01   Max: 2.82
Current: 1.99

During the past 13 years, PT Jakarta Setiabudi Internasional Tbk's highest Current Ratio was 2.82. The lowest was 1.57. And the median was 2.01.

ISX:JSPT's Current Ratio is ranked better than
60% of 1825 companies
in the Real Estate industry
Industry Median: 1.63 vs ISX:JSPT: 1.99

PT Jakarta Setiabudi Internasional Tbk Current Ratio Historical Data

The historical data trend for PT Jakarta Setiabudi Internasional Tbk's Current Ratio 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 Jakarta Setiabudi Internasional Tbk Current Ratio Chart

PT Jakarta Setiabudi Internasional Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.73 1.74 1.67 2.12 2.01

PT Jakarta Setiabudi Internasional Tbk Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.27 2.09 2.22 2.01 1.99

Competitive Comparison of PT Jakarta Setiabudi Internasional Tbk's Current Ratio

For the Real Estate Services subindustry, PT Jakarta Setiabudi Internasional Tbk's Current Ratio, along with its competitors' market caps and Current Ratio 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 Jakarta Setiabudi Internasional Tbk's Current Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Jakarta Setiabudi Internasional Tbk's Current Ratio distribution charts can be found below:

* The bar in red indicates where PT Jakarta Setiabudi Internasional Tbk's Current Ratio falls into.



PT Jakarta Setiabudi Internasional Tbk Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

PT Jakarta Setiabudi Internasional Tbk's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=1827124.64/910583.938
=2.01

PT Jakarta Setiabudi Internasional Tbk's Current Ratio for the quarter that ended in Mar. 2024 is calculated as

Current Ratio (Q: Mar. 2024 )=Total Current Assets (Q: Mar. 2024 )/Total Current Liabilities (Q: Mar. 2024 )
=1775024.924/893235.904
=1.99

* 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 Jakarta Setiabudi Internasional Tbk  (ISX:JSPT) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


PT Jakarta Setiabudi Internasional Tbk Current Ratio Related Terms

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PT Jakarta Setiabudi Internasional Tbk (ISX:JSPT) Business Description

Traded in Other Exchanges
N/A
Address
Jalan HR Rasuna Said Kav. 62, Setiabudi 2 Building, 3A Floor, Jakarta, IDN, 12920
PT Jakarta Setiabudi Internasional Tbk is a real estate company. The company's business activities mainly cover the ownership, management, rental, and sales of office buildings, hotels, townhouses, real estate, shopping centers, and apartments, both directly as well as in collaboration with other parties. The company operates in four segments namely Hotel, Real estate, Rental of office space, and Rental of the retail center. It generates a majority of its revenue from the Hotel Segment.

PT Jakarta Setiabudi Internasional Tbk (ISX:JSPT) Headlines

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