PT Petrindo Jaya Kreasi Tbk (ISX:CUAN) LT-Debt-to-Total-Asset : 0.35 (As of Mar. 2024)

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What is PT Petrindo Jaya Kreasi Tbk LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. PT Petrindo Jaya Kreasi Tbk's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.35.

PT Petrindo Jaya Kreasi Tbk's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.35). It may suggest that PT Petrindo Jaya Kreasi Tbk is progressively becoming more dependent on debt to grow their business.

PT Petrindo Jaya Kreasi Tbk LT-Debt-to-Total-Asset Historical Data

The historical data trend for PT Petrindo Jaya Kreasi Tbk's LT-Debt-to-Total-Asset 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 Petrindo Jaya Kreasi Tbk LT-Debt-to-Total-Asset Chart

PT Petrindo Jaya Kreasi Tbk Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.27

PT Petrindo Jaya Kreasi Tbk Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								-	-	-	0.27	0.35

PT Petrindo Jaya Kreasi Tbk LT-Debt-to-Total-Asset Calculation

PT Petrindo Jaya Kreasi Tbk's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	930863.897	/	3501434.458
	=	0.27

PT Petrindo Jaya Kreasi Tbk's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	6164716.801	/	17622638.077
	=	0.35

PT Petrindo Jaya Kreasi Tbk (ISX:CUAN) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

PT Petrindo Jaya Kreasi Tbk LT-Debt-to-Total-Asset Related Terms

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PT Petrindo Jaya Kreasi Tbk (ISX:CUAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PT Petrindo Jaya Kreasi Tbk (ISX:CUAN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Let. Gen. S. Parman Kav. 62-63, Wisma Barito Pacific Tower B, 3rd Floor, Jakarta, IDN, 11410

Website

https://www.petrindo.co.id

PT Petrindo Jaya Kreasi Tbk is engaged in the mineral and energy mining business sector. It carries out coal and gold mining business activities through subsidiary entities located in Kalimantan and West Nusa Tenggara. The company has three coal mining concessions in Kalimantan and one gold mining concession in West Nusa Tenggara which are managed by subsidiaries.

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