PT Petrosea Tbk (ISX:PTRO) Debt-to-Equity : 0.94 (As of Mar. 2024)

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What is PT Petrosea Tbk Debt-to-Equity?

PT Petrosea Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp1,099,484 Mil. PT Petrosea Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp2,275,138 Mil. PT Petrosea Tbk's Total Stockholders Equity for the quarter that ended in Mar. 2024 was Rp3,600,143 Mil. PT Petrosea Tbk's debt to equity for the quarter that ended in Mar. 2024 was 0.94.

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

ISX:PTRO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 0.95 Max: 1.18
Current: 0.94

During the past 12 years, the highest Debt-to-Equity Ratio of PT Petrosea Tbk was 1.18. The lowest was 0.39. And the median was 0.95.

ISX:PTRO's Debt-to-Equity is ranked worse than
86.37% of 1313 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ISX:PTRO: 0.94

PT Petrosea Tbk Debt-to-Equity Historical Data

The historical data trend for PT Petrosea 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 Petrosea Tbk Debt-to-Equity Chart

PT Petrosea Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.97

0.88

0.52

0.39

1.07

PT Petrosea 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															0.63	1.18	1.11	1.07	0.94

Competitive Comparison of PT Petrosea Tbk's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, PT Petrosea 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 Petrosea Tbk's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Petrosea Tbk's Debt-to-Equity distribution charts can be found below:

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

PT Petrosea Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PT Petrosea 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
	=	(1340374.331	+	2525047.134)	/	3619443.883
	=	1.07

PT Petrosea 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
	=	(1099484.027	+	2275138.474)	/	3600143.06
	=	0.94

PT Petrosea Tbk (ISX:PTRO) 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 Petrosea Tbk Debt-to-Equity Related Terms

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PT Petrosea Tbk (ISX:PTRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PT Petrosea Tbk (ISX:PTRO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Jalan Boulevard Bintaro Jaya Blok B7/A6, Indy Bintaro Office Park, Building B, Sektor VII, CBD Bintaro Jaya, Tangerang Selatan, IDN, 15224

Website

https://www.petrosea.com

PT Petrosea Tbk is an Indonesian-based firm engaged in multi-disciplinary mining, infrastructure, and oil and gas services. It operates in three business segments. The Mining segment covers mining contracts like overburden stripping, drilling, blasting, lifting, hauling, mine services, and mines partnering. The Services segment covers supply-based facilities and port services. The Engineering and Construction segment provides multi-disciplinary engineering, procurement, and construction services to oil and gas, infrastructure, industrial, and manufacturing, and utility sectors. This segment also includes the supply of skilled trade personnel and equipment hire services. The majority of its revenue comes from the Mining segment.

PT Petrosea Tbk (ISX:PTRO) Headlines

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