PT Asuransi Maximus Graha Persada Tbk (ISX:ASMI) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is PT Asuransi Maximus Graha Persada Tbk Debt-to-Equity?

PT Asuransi Maximus Graha Persada Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was Rp0 Mil. PT Asuransi Maximus Graha Persada Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was Rp3,757 Mil. PT Asuransi Maximus Graha Persada Tbk's Total Stockholders Equity for the quarter that ended in Dec. 2023 was Rp385,442 Mil. PT Asuransi Maximus Graha Persada Tbk's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Asuransi Maximus Graha Persada Tbk's Debt-to-Equity or its related term are showing as below:

ISX:ASMI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.02
Current: 0.01

During the past 12 years, the highest Debt-to-Equity Ratio of PT Asuransi Maximus Graha Persada Tbk was 0.02. The lowest was 0.01. And the median was 0.01.

ISX:ASMI's Debt-to-Equity is ranked better than
99.74% of 383 companies
in the Insurance industry
Industry Median: 0.25 vs ISX:ASMI: 0.01

PT Asuransi Maximus Graha Persada Tbk Debt-to-Equity Historical Data

The historical data trend for PT Asuransi Maximus Graha Persada 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 Asuransi Maximus Graha Persada Tbk Debt-to-Equity Chart

PT Asuransi Maximus Graha Persada Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.02

0.01

PT Asuransi Maximus Graha Persada 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															0.02	0.02	0.01	0.01	0.01

Competitive Comparison of PT Asuransi Maximus Graha Persada Tbk's Debt-to-Equity

For the Insurance - Diversified subindustry, PT Asuransi Maximus Graha Persada 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 Asuransi Maximus Graha Persada Tbk's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, PT Asuransi Maximus Graha Persada Tbk's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PT Asuransi Maximus Graha Persada Tbk's Debt-to-Equity falls into.

PT Asuransi Maximus Graha Persada Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PT Asuransi Maximus Graha Persada 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	+	3757.144)	/	385442.025
	=	0.01

PT Asuransi Maximus Graha Persada 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	+	3757.144)	/	385442.025
	=	0.01

PT Asuransi Maximus Graha Persada Tbk (ISX:ASMI) 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 Asuransi Maximus Graha Persada Tbk Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of PT Asuransi Maximus Graha Persada Tbk's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Asuransi Maximus Graha Persada Tbk (ISX:ASMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PT Asuransi Maximus Graha Persada Tbk (ISX:ASMI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Yos Sudarso No. 88, Sunter, Gedung Graha Kirana Lt. 6, Jakarta, IDN, 14350

Website

https://www.asuransimaximus.com

PT Asuransi Maximus Graha Persada Tbk is an Indonesia-based insurance service provider. It provides insurance services such as motor vehicle insurance, fire insurance, health insurance, marine cargo insurance, money insurance, engineering insurance, and other insurance. The group's operations are located in the geographical areas of Indonesia namely, Sumatera, Java, Bali, Sulawesi, and Kalimantan. It derives the majority of its revenue from the operations in Jawa. The organization generates prime underwriting revenue by providing motor vehicle insurance services.

PT Asuransi Maximus Graha Persada Tbk (ISX:ASMI) Headlines

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