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PT Indoritel Makmur Internasional Tbk (ISX:DNET) Financial Strength : 6 (As of Sep. 2024)


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What is PT Indoritel Makmur Internasional Tbk Financial Strength?

PT Indoritel Makmur Internasional Tbk has the Financial Strength Rank of 6.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It 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.

PT Indoritel Makmur Internasional Tbk's Interest Coverage for the quarter that ended in Sep. 2024 was 0.42. PT Indoritel Makmur Internasional Tbk's debt to revenue ratio for the quarter that ended in Sep. 2024 was 4.46. As of today, PT Indoritel Makmur Internasional Tbk's Altman Z-Score is 10.93.


Competitive Comparison of PT Indoritel Makmur Internasional Tbk's Financial Strength

For the Telecom Services subindustry, PT Indoritel Makmur Internasional 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 Indoritel Makmur Internasional Tbk's Financial Strength Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Indoritel Makmur Internasional Tbk's Financial Strength distribution charts can be found below:

* The bar in red indicates where PT Indoritel Makmur Internasional Tbk's Financial Strength falls into.



PT Indoritel Makmur Internasional Tbk Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

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:

PT Indoritel Makmur Internasional Tbk's Interest Expense for the months ended in Sep. 2024 was Rp-135,318 Mil. Its Operating Income for the months ended in Sep. 2024 was Rp56,740 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was Rp5,633,109 Mil.

PT Indoritel Makmur Internasional Tbk's Interest Coverage for the quarter that ended in Sep. 2024 is

Interest Coverage=-1*Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*56740/-135318
=0.42

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

PT Indoritel Makmur Internasional Tbk's Debt to Revenue Ratio for the quarter that ended in Sep. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(804100 + 5633109) / 1443720
=4.46

3. Altman Z-Score.

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 Indoritel Makmur Internasional Tbk has a Z-score of 10.93, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 10.93 is strong.

* 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.


PT Indoritel Makmur Internasional Tbk  (ISX:DNET) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

PT Indoritel Makmur Internasional Tbk has the Financial Strength Rank of 6.


PT Indoritel Makmur Internasional Tbk Financial Strength Related Terms

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PT Indoritel Makmur Internasional Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jalan Jenderal Sudirman Kav. 70-71, Gedung Wisma Indocement Lantai 10, Jakarta, IDN, 12910
PT Indoritel Makmur Internasional Tbk is an investment holding company. The company, through its subsidiaries, is engaged in providing infrastructure through fiber optic media and serving telecommunication services ranging from data communication to interactive video, managing SDWAN services, and a variety of other Internet of Things (IoT) derivatives. Its segments are Corporate segment, Retail segment, and Others. It generates the majority of revenue from the Corporate segment. The Corporate Business Segment provides fiber-optic-based telecommunications data connection service products for business customers such as Last Mile Solution, Fiberization, IP Transit, IEPL, MPLS, and DWDM to other telecommunications operators and international customers.

PT Indoritel Makmur Internasional Tbk Headlines

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