PT Soechi Lines Tbk (ISX:SOCI) Debt-to-Equity : 0.50 (As of Mar. 2024)

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What is PT Soechi Lines Tbk Debt-to-Equity?

PT Soechi Lines Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp672,461 Mil. PT Soechi Lines Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp2,294,701 Mil. PT Soechi Lines Tbk's Total Stockholders Equity for the quarter that ended in Mar. 2024 was Rp5,947,721 Mil. PT Soechi Lines Tbk's debt to equity for the quarter that ended in Mar. 2024 was 0.50.

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

ISX:SOCI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5 Med: 0.77 Max: 1
Current: 0.5

During the past 11 years, the highest Debt-to-Equity Ratio of PT Soechi Lines Tbk was 1.00. The lowest was 0.50. And the median was 0.77.

ISX:SOCI's Debt-to-Equity is ranked better than
53.74% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs ISX:SOCI: 0.50

PT Soechi Lines Tbk Debt-to-Equity Historical Data

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

PT Soechi Lines Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.00

0.78

0.68

0.65

0.53

PT Soechi Lines 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															0.62	0.60	0.56	0.53	0.50

Competitive Comparison of PT Soechi Lines Tbk's Debt-to-Equity

For the Marine Shipping subindustry, PT Soechi Lines 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 Soechi Lines Tbk's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Soechi Lines Tbk's Debt-to-Equity distribution charts can be found below:

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

PT Soechi Lines Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PT Soechi Lines 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
	=	(666186.715	+	2465525.986)	/	5893009.926
	=	0.53

PT Soechi Lines 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
	=	(672461.025	+	2294701.369)	/	5947721.285
	=	0.50

PT Soechi Lines Tbk (ISX:SOCI) 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 Soechi Lines Tbk Debt-to-Equity Related Terms

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PT Soechi Lines Tbk (ISX:SOCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Soechi Lines Tbk (ISX:SOCI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Jend Sudirman Kav. 86, Sahid Sudirman Center 51st Floor, Jakarta Pusat, Jakarta, IDN, 10220

Website

https://www.soechi.com

PT Soechi Lines Tbk is an Indonesian shipping services provider. The company, through its subsidiaries, provides marine transportation services to supply chain lines of oil and gas companies. Its services flow through two segments, the Shipping business segment in which the Company charters out its various types of tanker vessels of various sizes to oil and gas companies and chemical companies operating in Indonesia, and the Shipyard business segment in which the Company provides ship building services as well as ship dry docking and repair and maintenance services to various ship owners mainly in Indonesia.

PT Soechi Lines Tbk (ISX:SOCI) Headlines

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