PT Argo Pantes Tbk (ISX:ARGO) Debt-to-Equity : 4.52 (As of Mar. 2024)

View and export this data going back to 1991. Start your Free Trial

What is PT Argo Pantes Tbk Debt-to-Equity?

PT Argo Pantes Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp134,751 Mil. PT Argo Pantes Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp450,507 Mil. PT Argo Pantes Tbk's Total Stockholders Equity for the quarter that ended in Mar. 2024 was Rp129,611 Mil. PT Argo Pantes Tbk's debt to equity for the quarter that ended in Mar. 2024 was 4.52.

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

ISX:ARGO' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.39 Med: -1.59 Max: 9.56
Current: 4.52

During the past 13 years, the highest Debt-to-Equity Ratio of PT Argo Pantes Tbk was 9.56. The lowest was -5.39. And the median was -1.59.

ISX:ARGO's Debt-to-Equity is ranked worse than
97.12% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs ISX:ARGO: 4.52

PT Argo Pantes Tbk Debt-to-Equity Historical Data

The historical data trend for PT Argo Pantes 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.

* Premium members only.

PT Argo Pantes Tbk Debt-to-Equity Chart

PT Argo Pantes Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-1.57

-0.94

-0.81

4.45

PT Argo Pantes 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															-0.84	-0.84	4.07	4.45	4.52

Competitive Comparison of PT Argo Pantes Tbk's Debt-to-Equity

For the Textile Manufacturing subindustry, PT Argo Pantes 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 Argo Pantes Tbk's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Argo Pantes Tbk's Debt-to-Equity distribution charts can be found below:

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

PT Argo Pantes Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PT Argo Pantes 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
	=	(131036	+	450506.9)	/	130559.927
	=	4.45

PT Argo Pantes 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
	=	(134750.5	+	450506.9)	/	129610.775
	=	4.52

PT Argo Pantes Tbk (ISX:ARGO) 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 Argo Pantes Tbk Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of PT Argo Pantes Tbk's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Argo Pantes Tbk (ISX:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Argo Pantes Tbk (ISX:ARGO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan. Jend Gatot Subroto Kav.22, Wisma Argo Manunggal, 2nd Floor, Jakarta, IDN, 12930

Website

https://www.argopantes.com

PT Argo Pantes Tbk operates in the textile industry. The company is engaged in the production and sales of finished fabric, knitting, and garment. The company has two operating segments which include the textile industry and rent out of which the majority of the revenue derives from the Textile segment.