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PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Effective Interest Rate on Debt % : 12.08% (As of Mar. 2024)


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What is PT Goto Gojek Tokopedia Tbk Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. PT Goto Gojek Tokopedia Tbk's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was Rp511,412 Mil. PT Goto Gojek Tokopedia Tbk's average total debt for the quarter that ended in Mar. 2024 was Rp4,234,620 Mil. Therefore, PT Goto Gojek Tokopedia Tbk's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 12.08%.


PT Goto Gojek Tokopedia Tbk Effective Interest Rate on Debt % Historical Data

The historical data trend for PT Goto Gojek Tokopedia Tbk's Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Chart

PT Goto Gojek Tokopedia Tbk Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 4.18 8.31 8.57 8.01 10.56

PT Goto Gojek Tokopedia Tbk Quarterly Data
Dec18 Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.91 15.89 13.88 15.27 12.08

Competitive Comparison of PT Goto Gojek Tokopedia Tbk's Effective Interest Rate on Debt %

For the Software - Application subindustry, PT Goto Gojek Tokopedia Tbk's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, PT Goto Gojek Tokopedia Tbk's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where PT Goto Gojek Tokopedia Tbk's Effective Interest Rate on Debt % falls into.



PT Goto Gojek Tokopedia Tbk Effective Interest Rate on Debt % Calculation

PT Goto Gojek Tokopedia Tbk's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -357777/( (2441756+4335265)/ 2 )
=-1  *  -357777/3388510.5
=10.56 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1826270 + 615486
=2441756

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3432561 + 902704
=4335265

PT Goto Gojek Tokopedia Tbk's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -511412/( (4335265+4133975)/ 2 )
=-1  *  -511412/4234620
=12.08 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3432561 + 902704
=4335265

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3228264 + 905711
=4133975

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


PT Goto Gojek Tokopedia Tbk  (ISX:GOTO) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


PT Goto Gojek Tokopedia Tbk Effective Interest Rate on Debt % Related Terms

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

Industry
Traded in Other Exchanges
Address
Jalan Iskandarsyah II No. 2, Gedung Pasaraya Blok M, 6-7th Floor, Jakarta, IDN, 12160
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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