What is PT Goto Gojek Tokopedia Tbk Financial Strength?
PT Goto Gojek Tokopedia Tbk has the Financial Strength Rank of 5.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.
A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.
PT Goto Gojek Tokopedia Tbk did not have earnings to cover the interest expense.
PT Goto Gojek Tokopedia Tbk's debt to revenue ratio for the quarter that ended in Dec. 2024 was 0.28.
As of today, PT Goto Gojek Tokopedia Tbk's Altman Z-Score is -2.39.
Competitive Comparison of PT Goto Gojek Tokopedia Tbk's Financial Strength
For the Software - Infrastructure subindustry, PT Goto Gojek Tokopedia Tbk's Financial Strength, along with its competitors' market caps and Financial Strength 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 Goto Gojek Tokopedia Tbk's Financial Strength Distribution in the Software Industry
For the Software industry and Technology sector, PT Goto Gojek Tokopedia Tbk's Financial Strength distribution charts can be found below:
* The bar in red indicates where PT Goto Gojek Tokopedia Tbk's Financial Strength falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
PT Goto Gojek Tokopedia Tbk has a Z-score of -2.39, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -2.39 is in distress zone. This implies bankruptcy possibility in the next two years.
* 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.
The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.
PT Goto Gojek Tokopedia Tbk has the Financial Strength Rank of 5.
PT Goto Gojek Tokopedia Tbk Financial Strength Related Terms
Thank you for viewing the detailed overview of PT Goto Gojek Tokopedia Tbk's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the on-demand service to account for the majority of revenue while its financial services begin to ramp. Prior to the deconsolidation, 82% of nonfinancial services gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy now, pay later programs. The company competes with Grab in the ride-hailing and delivery business, and Sea and Lazada for e-commerce.
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