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PT Argo Pantes Tbk (ISX:ARGO) Equity-to-Asset : 0.12 (As of Mar. 2024)


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

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. 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 Total Assets for the quarter that ended in Mar. 2024 was Rp1,088,950 Mil. Therefore, PT Argo Pantes Tbk's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.12.

The historical rank and industry rank for PT Argo Pantes Tbk's Equity-to-Asset or its related term are showing as below:

ISX:ARGO' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.25   Med: -0.76   Max: 0.13
Current: 0.12

During the past 13 years, the highest Equity to Asset Ratio of PT Argo Pantes Tbk was 0.13. The lowest was -1.25. And the median was -0.76.

ISX:ARGO's Equity-to-Asset is ranked worse than
90.41% of 1084 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.52 vs ISX:ARGO: 0.12

PT Argo Pantes Tbk Equity-to-Asset Historical Data

The historical data trend for PT Argo Pantes Tbk's Equity-to-Asset 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 Equity-to-Asset Chart

PT Argo Pantes Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.02 -1.11 -1.15 -1.22 0.12

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
Equity-to-Asset 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.24 -1.24 0.13 0.12 0.12

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

For the Textile Manufacturing subindustry, PT Argo Pantes Tbk's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

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

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



PT Argo Pantes Tbk Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

PT Argo Pantes Tbk's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=130559.927/1091535.722
=0.12

PT Argo Pantes Tbk's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )=Total Stockholders Equity/Total Assets
=129610.775/1088950.198
=0.12

* 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 Argo Pantes Tbk  (ISX:ARGO) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


PT Argo Pantes Tbk Equity-to-Asset Related Terms

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PT Argo Pantes Tbk (ISX:ARGO) Business Description

Traded in Other Exchanges
N/A
Address
Jalan. Jend Gatot Subroto Kav.22, Wisma Argo Manunggal, 2nd Floor, Jakarta, IDN, 12930
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.

PT Argo Pantes Tbk (ISX:ARGO) Headlines