PT Citra Nusantara Gemilang Tbk (ISX:CGAS) Debt-to-Equity : 0.73 (As of Jun. 2023)

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What is PT Citra Nusantara Gemilang Tbk Debt-to-Equity?

PT Citra Nusantara Gemilang Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was Rp7,298 Mil. PT Citra Nusantara Gemilang Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was Rp40,663 Mil. PT Citra Nusantara Gemilang Tbk's Total Stockholders Equity for the quarter that ended in Jun. 2023 was Rp65,395 Mil. PT Citra Nusantara Gemilang Tbk's debt to equity for the quarter that ended in Jun. 2023 was 0.73.

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 Citra Nusantara Gemilang Tbk's Debt-to-Equity or its related term are showing as below:

ISX:CGAS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.47 Max: 0.73
Current: 0.73

During the past 3 years, the highest Debt-to-Equity Ratio of PT Citra Nusantara Gemilang Tbk was 0.73. The lowest was 0.11. And the median was 0.47.

ISX:CGAS's Debt-to-Equity is ranked worse than
66.59% of 829 companies
in the Oil & Gas industry
Industry Median: 0.45 vs ISX:CGAS: 0.73

PT Citra Nusantara Gemilang Tbk Debt-to-Equity Historical Data

The historical data trend for PT Citra Nusantara Gemilang 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 Citra Nusantara Gemilang Tbk Debt-to-Equity Chart

PT Citra Nusantara Gemilang Tbk Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

0.11

0.31

0.64

PT Citra Nusantara Gemilang Tbk Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	0.11	0.31	N/A	0.64	0.73

Competitive Comparison of PT Citra Nusantara Gemilang Tbk's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, PT Citra Nusantara Gemilang 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 Citra Nusantara Gemilang Tbk's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT Citra Nusantara Gemilang Tbk's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PT Citra Nusantara Gemilang Tbk's Debt-to-Equity falls into.

PT Citra Nusantara Gemilang Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PT Citra Nusantara Gemilang Tbk's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(10790.84	+	31643.755)	/	66863.65
	=	0.63

PT Citra Nusantara Gemilang Tbk's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(7298.486	+	40662.671)	/	65395.225
	=	0.73

PT Citra Nusantara Gemilang Tbk (ISX:CGAS) 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 Citra Nusantara Gemilang Tbk Debt-to-Equity Related Terms

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PT Citra Nusantara Gemilang Tbk (ISX:CGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT Citra Nusantara Gemilang Tbk (ISX:CGAS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Website

PT Citra Nusantara Gemilang Tbk is engaged in natural gas trading and distribution. It focuses on developing compressed natural gas (CNG) in Indonesia through natural gas trading and distribution business activities using transportation modes to areas that are not yet reached by gas pipeline networks with stable gas pressure. This natural gas is used for industrial, transportation, housing and private power plants that use gas as an energy source.

PT Citra Nusantara Gemilang Tbk (ISX:CGAS) Headlines

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