PT Alkindo Naratama Tbk (ISX:ALDO) Debt-to-Equity: 0.58 (As of Jun. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:ALDO PT Alkindo Naratama Tbk ISX:ALDO
64 GF Score
Price Rp925.00
GF Value Rp631.68
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is PT Alkindo Naratama Tbk Debt-to-Equity?

PT Alkindo Naratama Tbk ISX:ALDO +1.65% 64 Debt-to-Equity is 0.58 as of Jun. 2026, which is at its 10-year median of 0.58. GuruFocus rates ISX:ALDO with a GF Score™ of 64/100 and a GF Value™ of Rp631.68 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 256 Forest Products companies, PT Alkindo Naratama Tbk ranks worse than 55.86% on this metric.

PT Alkindo Naratama Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was Rp530,978 Mil. PT Alkindo Naratama Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was Rp111,154 Mil. PT Alkindo Naratama Tbk's Total Stockholders Equity for the quarter that ended in Jun. 2026 was Rp1,108,678 Mil. PT Alkindo Naratama Tbk's debt to equity for the quarter that ended in Jun. 2026 was 0.58.

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

ISX:ALDO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27   Med: 0.58   Max: 1.03
Current: 0.58

During the past 13 years, the highest Debt-to-Equity Ratio of PT Alkindo Naratama Tbk was 1.03. The lowest was 0.27. And the median was 0.58.

ISX:ALDO's Debt-to-Equity is ranked worse than
55.86% of 256 companies
in the Forest Products industry
Industry Median: 0.485 vs ISX:ALDO: 0.58

PT Alkindo Naratama Tbk  (ISX:ALDO) 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 Alkindo Naratama Tbk Debt-to-Equity Related Terms


PT Alkindo Naratama Tbk Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for PT Alkindo Naratama 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.

PT Alkindo Naratama Tbk Debt-to-Equity Chart

PT Alkindo Naratama Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.69 0.72 0.57 0.58

PT Alkindo Naratama Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity 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 0.63 0.56 0.58 0.61 0.58

ISX:ALDO vs SLVM: Debt-to-Equity Comparison

For the Paper & Paper Products subindustry, PT Alkindo Naratama 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 Alkindo Naratama Tbk Debt-to-Equity vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Alkindo Naratama Tbk's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PT Alkindo Naratama Tbk's Debt-to-Equity falls into.


ISX:ALDO
64GF Score
PT Alkindo Naratama Tbk ISX:ALDO
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Alkindo Naratama Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PT Alkindo Naratama Tbk's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

PT Alkindo Naratama Tbk's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.58 mean?
PT Alkindo Naratama Tbk (ISX:ALDO) has a Debt-to-Equity of 0.58 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PT Alkindo Naratama Tbk and its competitors. This is near median its historical median of 0.58. Over the past decade, PT Alkindo Naratama Tbk's Debt-to-Equity has ranged from 0.27 to 1.03. According to the industry distribution chart, PT Alkindo Naratama Tbk ranks #143 out of 256 companies in the Forest Products industry, placing it in the top 55.9%.
Is PT Alkindo Naratama Tbk's Debt-to-Equity too high?
PT Alkindo Naratama Tbk's current Debt-to-Equity of 0.58 is near median its 10-year median of 0.58. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 1.03. The Forest Products industry median Debt-to-Equity is 0.49. PT Alkindo Naratama Tbk's value of 0.58 is 19.6% above this industry median. Based on the distribution chart, PT Alkindo Naratama Tbk ranks #143 out of 256 companies in the Forest Products industry, which is below the industry midpoint. Overall, PT Alkindo Naratama Tbk has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Alkindo Naratama Tbk's Debt-to-Equity compare to SLVM?
According to the Forest Products industry distribution chart, PT Alkindo Naratama Tbk ranks #143 out of 256 companies for Debt-to-Equity. This places PT Alkindo Naratama Tbk in the lower half of its industry. The industry median Debt-to-Equity is 0.49. PT Alkindo Naratama Tbk's value of 0.58 is 19.6% above this benchmark. Historically, PT Alkindo Naratama Tbk's own Debt-to-Equity has ranged from 0.27 to 1.03 over the past decade. While the company's 10-year median is 0.58 vs. the industry median of 0.49, PT Alkindo Naratama Tbk has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Forest Products company?
The median Debt-to-Equity among Forest Products companies is 0.49, based on 256 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Alkindo Naratama Tbk's current Debt-to-Equity of 0.58 is 19.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PT Alkindo Naratama Tbk and its competitors. For the Forest Products industry, the median Debt-to-Equity is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Alkindo Naratama Tbk's current Debt-to-Equity is 0.58, which is near median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Alkindo Naratama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Alkindo Naratama Tbk (ISX:ALDO) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp631.68, compared to a current price of Rp925.00 — trading 46.4% above its estimated fair value. The current Debt-to-Equity is 0.58, which is near median its 10-year median of 0.58 and 19.6% above the Forest Products industry median of 0.49. PT Alkindo Naratama Tbk's overall GF Score™ is 64/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For PT Alkindo Naratama Tbk (ISX:ALDO), the current Debt-to-Equity is 0.58 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PT Alkindo Naratama Tbk (ISX:ALDO) Overvalued in 2026?

Based on GuruFocus' analysis, PT Alkindo Naratama Tbk stock appears to be overvalued. The current stock price of Rp925.00 is trading 46.4% above its estimated GF Value™ of Rp631.68. GuruFocus considers PT Alkindo Naratama Tbk to be Significantly Overvalued.

Key valuation signals for ISX:ALDO:

  • Debt-to-Equity: 0.58 (near median its 10-year median of 0.58)
  • GF Value™: Rp631.68 vs. price of Rp925.00 (46.4% above fair value)
  • GF Score™: 64/100 with 9 warning signs
  • Industry Position: 19.6% above the Forest Products median (#143 of 256)

No single metric tells the full story. See the ISX:ALDO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Alkindo Naratama Tbk Business Description

Address Jalan Industri Cimareme II No. 14, RT:004/RW:005, Cimerang, Padalarang, Bandung Barat, Bandung, IDN
PT Alkindo Naratama Tbk is an Indonesian business group engaged in providing solutions in the field of integrated paper production and chemicals. It converts waste paper into various paper packaging products such as papercore, paperbox, paperbag, papercup, paperbowl, hexa wrap, etc. Additionally, it offers industrial paper solutions by recycling used cardboard into jumbo rolls of brown paper into products such as Kraft Liner, Eco Board, and Core Board. In the Chemicals business, the Group offers water-based polymers, textile dyes, and other chemicals under brands and trademarks like Alfachem, Alfabond, Alfacoat, and Archroma. The Group's operating business segments are: Paper, which generates the maximum revenue, and Chemicals and others.
64GF Score

Get the complete analysis for ISX:ALDO

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp925.00
Price
Rp631.68
GF Value