PT Ricky Putra Globalindo Tbk (ISX:RICY) Debt-to-Equity : 8.95 (As of Mar. 2024)

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What is PT Ricky Putra Globalindo Tbk Debt-to-Equity?

PT Ricky Putra Globalindo Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp936,373 Mil. PT Ricky Putra Globalindo Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp239,736 Mil. PT Ricky Putra Globalindo Tbk's Total Stockholders Equity for the quarter that ended in Mar. 2024 was Rp131,401 Mil. PT Ricky Putra Globalindo Tbk's debt to equity for the quarter that ended in Mar. 2024 was 8.95.

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

ISX:RICY' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.43 Med: 1.83 Max: 8.95
Current: 8.95

During the past 13 years, the highest Debt-to-Equity Ratio of PT Ricky Putra Globalindo Tbk was 8.95. The lowest was 1.43. And the median was 1.83.

ISX:RICY's Debt-to-Equity is ranked worse than
98.72% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs ISX:RICY: 8.95

PT Ricky Putra Globalindo Tbk Debt-to-Equity Historical Data

The historical data trend for PT Ricky Putra Globalindo 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 Ricky Putra Globalindo Tbk Debt-to-Equity Chart

PT Ricky Putra Globalindo Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.18

3.27

4.24

5.61

7.81

PT Ricky Putra Globalindo 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															5.36	5.39	6.08	7.81	8.95

Competitive Comparison of PT Ricky Putra Globalindo Tbk's Debt-to-Equity

For the Apparel Manufacturing subindustry, PT Ricky Putra Globalindo 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 Ricky Putra Globalindo Tbk's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Ricky Putra Globalindo Tbk's Debt-to-Equity distribution charts can be found below:

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

PT Ricky Putra Globalindo Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PT Ricky Putra Globalindo 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
	=	(860404.875	+	312552.747)	/	150255.85
	=	7.81

PT Ricky Putra Globalindo 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
	=	(936372.918	+	239735.606)	/	131400.906
	=	8.95

PT Ricky Putra Globalindo Tbk (ISX:RICY) 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 Ricky Putra Globalindo Tbk Debt-to-Equity Related Terms

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

PT Ricky Putra Globalindo Tbk (ISX:RICY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Ricky Putra Globalindo Tbk (ISX:RICY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Sawah Lio II No. 29 - 37, Jembatan Lima, Tambora, Jakarta Barat, Jakarta, IDN, 11250

Website

https://www.rpg.co.id

PT Ricky Putra Globalindo Tbk is primarily engaged in the manufacturing of underwear and fashion wear, trading, and spinning manufacturing. The operating segments of the company are the Manufacturing of underwear, outerwear manufacturing, yarn manufacturing and others. Men's underwear consists of seven main product segments to serve the domestic market under the brands Ricky, GT Man, GT Ladies, Ricsony, GT Man Kid, GT Kid, GTman Sport, and BUM Equipment. Geographically, the group operates in Jakarta and Java, Asia, Sumatera, Kalimantan, Sulawesi, Europe, Africa, the Middle East, Australia, and America, of which key revenue is derived from Jakarta and Java.

PT Ricky Putra Globalindo Tbk (ISX:RICY) Headlines

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