PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Debt-to-EBITDA : -0.01 (As of Dec. 2023)

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What is PT Goto Gojek Tokopedia Tbk Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

PT Goto Gojek Tokopedia Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was Rp902,704 Mil. PT Goto Gojek Tokopedia Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was Rp3,432,561 Mil. PT Goto Gojek Tokopedia Tbk's annualized EBITDA for the quarter that ended in Dec. 2023 was Rp-320,008,236 Mil. PT Goto Gojek Tokopedia Tbk's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.01.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for PT Goto Gojek Tokopedia Tbk's Debt-to-EBITDA or its related term are showing as below:

ISX:GOTO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.17 Med: -0.07 Max: -0.05
Current: -0.05

During the past 6 years, the highest Debt-to-EBITDA Ratio of PT Goto Gojek Tokopedia Tbk was -0.05. The lowest was -0.17. And the median was -0.07.

ISX:GOTO's Debt-to-EBITDA is ranked worse than
100% of 1600 companies
in the Software industry
Industry Median: 1.04 vs ISX:GOTO: -0.05

PT Goto Gojek Tokopedia Tbk Debt-to-EBITDA Historical Data

The historical data trend for PT Goto Gojek Tokopedia Tbk's Debt-to-EBITDA 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 Goto Gojek Tokopedia Tbk Debt-to-EBITDA Chart

PT Goto Gojek Tokopedia Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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-0.05

-0.17

-0.12

-0.07

-0.05

PT Goto Gojek Tokopedia Tbk Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial									-0.03	-0.17	-0.21	-0.33	-0.01

Competitive Comparison of PT Goto Gojek Tokopedia Tbk's Debt-to-EBITDA

For the Software - Application subindustry, PT Goto Gojek Tokopedia Tbk's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA Distribution in the Software Industry

For the Software industry and Technology sector, PT Goto Gojek Tokopedia Tbk's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where PT Goto Gojek Tokopedia Tbk's Debt-to-EBITDA falls into.

PT Goto Gojek Tokopedia Tbk Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

PT Goto Gojek Tokopedia Tbk's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(902704	+	3432561)	/	-87605493
	=	-0.05

PT Goto Gojek Tokopedia Tbk's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(902704	+	3432561)	/	-320008236
	=	-0.01

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

PT Goto Gojek Tokopedia Tbk Debt-to-EBITDA Related Terms

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

PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PT Goto Gojek Tokopedia Tbk (ISX:GOTO) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CK8:Germany

Address

Jalan Iskandarsyah II No. 2, Gedung Pasaraya Blok M, 6-7th Floor, Jakarta, IDN, 12160

Website

https://www.gotocompany.com

GoTo is an Indonesian ecosystem that combines e-commerce, 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. The company has 64 million active paying users and 12 million merchants as of 2022 on its platform. In 2022, on-demand accounted for 55% of revenue, e-commerce for 37%, and financial services for 8%. However, 82% of nonfinancial services gross transactional value comes from e-commerce, as it is the focal point in the ecosystem. The company competes with giants such as Sea-backed Shopee, Alibaba's Lazada, and smaller peers such as Bukalapak in e-commerce—and with Grab in the ride-hailing and delivery business.

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