PT Intra Golflink Resorts Tbk (ISX:GOLF) Altman Z2-Score: 13.27 (As of Jul. 09, 2026) — Near Median


ISX:GOLF PT Intra Golflink Resorts Tbk ISX:GOLF
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What is PT Intra Golflink Resorts Tbk Altman Z2-Score?

PT Intra Golflink Resorts Tbk ISX:GOLF 10 Altman Z2-Score is 13.27 as of Jul. 09, 2026, which is 0% below its 10-year median of 13.32. GuruFocus rates ISX:GOLF with a GF Score™ of 10/100. The stock has 3 warning signs investors should review. Among 846 Travel & Leisure companies, PT Intra Golflink Resorts Tbk ranks better than 94.21% on this metric.

Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.

Good Sign:

PT Intra Golflink Resorts Tbk has a Altman Z2-Score of 13.27, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.

The zones of discrimination were as such:

When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.

The historical rank and industry rank for PT Intra Golflink Resorts Tbk's Altman Z2-Score or its related term are showing as below:

ISX:GOLF' s Altman Z2-Score Range Over the Past 10 Years
Min: 2.39   Med: 13.32   Max: 43.7
Current: 13.27

During the past 5 years, PT Intra Golflink Resorts Tbk's highest Altman Z2-Score was 43.70. The lowest was 2.39. And the median was 13.32.


PT Intra Golflink Resorts Tbk  (ISX:GOLF) Altman Z2-Score Explanation

The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


PT Intra Golflink Resorts Tbk Altman Z2-Score Related Terms


PT Intra Golflink Resorts Tbk Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for PT Intra Golflink Resorts Tbk's Altman Z2-Score 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.

PT Intra Golflink Resorts Tbk Altman Z2-Score Chart

PT Intra Golflink Resorts Tbk Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
2.39 2.79 43.70 14.00 13.37

PT Intra Golflink Resorts Tbk Quarterly Data
Dec21 Dec22 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.72 13.22 13.05 13.37 13.27

ISX:GOLF vs AS, HAS, LTH: Altman Z2-Score Comparison

For the Leisure subindustry, PT Intra Golflink Resorts Tbk's Altman Z2-Score, along with its competitors' market caps and Altman Z2-Score 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 Intra Golflink Resorts Tbk Altman Z2-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, PT Intra Golflink Resorts Tbk's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where PT Intra Golflink Resorts Tbk's Altman Z2-Score falls into.


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PT Intra Golflink Resorts Tbk Altman Z2-Score Calculation

Altman 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.

Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.

PT Intra Golflink Resorts Tbk's Altman Z2-Score for today is calculated with this formula:

Z=6.56*X1+3.26*X2+6.72*X3+1.05*X4_2
=6.56*0.0893+3.26*0.0316+6.72*0.0074+1.05*11.93
=13.27

* 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. GuruFocus does not calculate Altman Z2-Score when X4_2 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was Rp8,692,816 Mil.
Total Current Assets was Rp944,503 Mil.
Total Current Liabilities was Rp168,440 Mil.
Retained Earnings was Rp274,415 Mil.
Pre-Tax Income was 2600.331 + 34869.116 + 12168.667 + 12777.301 = Rp62,415 Mil.
Interest Expense was -504.031 + -1167.983 + -271.262 + -310.808 = Rp-2,254 Mil.
Total Liabilities was Rp672,262 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(944503.485 - 168440.044)/8692815.989
=0.0893

X2=Retained Earnings/Total Assets
=274415.238/8692815.989
=0.0316

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(62415.415 - -2254.084)/8692815.989
=0.0074

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(8020060.892 - 0)/672262.163
=11.93

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

PT Intra Golflink Resorts Tbk has a Altman Z2-Score of 13.27 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 13.27 mean?
PT Intra Golflink Resorts Tbk (ISX:GOLF) has a Altman Z2-Score of 13.27 as of Jul. 09, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on PT Intra Golflink Resorts Tbk and its competitors. This is near median its historical median of 13.32. Over the past decade, PT Intra Golflink Resorts Tbk's Altman Z2-Score has ranged from 2.39 to 43.70. According to the industry distribution chart, PT Intra Golflink Resorts Tbk ranks #49 out of 846 companies in the Travel & Leisure industry, placing it in the top 5.8%.
Is PT Intra Golflink Resorts Tbk's Altman Z2-Score too high?
PT Intra Golflink Resorts Tbk's current Altman Z2-Score of 13.27 is near median its 10-year median of 13.32. Over the past 10 years, this metric has ranged from a low of 2.39 to a high of 43.70. The Travel & Leisure industry median Altman Z2-Score is 2.46. PT Intra Golflink Resorts Tbk's value of 13.27 is 440.5% above this industry median. Based on the distribution chart, PT Intra Golflink Resorts Tbk ranks #49 out of 846 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, PT Intra Golflink Resorts Tbk has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does PT Intra Golflink Resorts Tbk's Altman Z2-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, PT Intra Golflink Resorts Tbk ranks #49 out of 846 companies for Altman Z2-Score. This places PT Intra Golflink Resorts Tbk in the top 6% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 2.46. PT Intra Golflink Resorts Tbk's value of 13.27 is 440.5% above this benchmark. Historically, PT Intra Golflink Resorts Tbk's own Altman Z2-Score has ranged from 2.39 to 43.70 over the past decade. While the company's 10-year median is 13.32 vs. the industry median of 2.46, PT Intra Golflink Resorts Tbk has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z2-Score for a Travel & Leisure company?
The median Altman Z2-Score among Travel & Leisure companies is 2.46, based on 846 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Intra Golflink Resorts Tbk's current Altman Z2-Score of 13.27 is 440.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on PT Intra Golflink Resorts Tbk and its competitors. For the Travel & Leisure industry, the median Altman Z2-Score is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Intra Golflink Resorts Tbk's current Altman Z2-Score is 13.27, which is near median its own 10-year median of 13.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Intra Golflink Resorts Tbk stock overvalued right now?
PT Intra Golflink Resorts Tbk (ISX:GOLF) has a current Altman Z2-Score of 13.27. The current Altman Z2-Score is 13.27, which is near median its 10-year median of 13.32 and 440.5% above the Travel & Leisure industry median of 2.46. PT Intra Golflink Resorts Tbk's overall GF Score™ is 10/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For PT Intra Golflink Resorts Tbk (ISX:GOLF), the current Altman Z2-Score is 13.27 as of Jul. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PT Intra Golflink Resorts Tbk Business Description

Address Desa Kadumanggu, Kecamatan Babakan Madang, Bogor, Jawa Barat, IDN, 16810
PT Intra Golflink Resorts Tbk is engaged in the development and management of golf courses, restoration, and land management cooperation. The operating segments of the company include: Golf, Restaurant, Real Estate and Others.
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