PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Equity-to-Asset : 0.70 (As of Dec. 2023)

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What is PT Goto Gojek Tokopedia Tbk Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. PT Goto Gojek Tokopedia Tbk's Total Stockholders Equity for the quarter that ended in Dec. 2023 was Rp37,930,265 Mil. PT Goto Gojek Tokopedia Tbk's Total Assets for the quarter that ended in Dec. 2023 was Rp54,097,256 Mil. Therefore, PT Goto Gojek Tokopedia Tbk's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.70.

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

ISX:GOTO' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.67 Med: 0.82 Max: 0.9
Current: 0.7

During the past 6 years, the highest Equity to Asset Ratio of PT Goto Gojek Tokopedia Tbk was 0.90. The lowest was 0.67. And the median was 0.82.

ISX:GOTO's Equity-to-Asset is ranked better than
71.09% of 2836 companies
in the Software industry
Industry Median: 0.55 vs ISX:GOTO: 0.70

PT Goto Gojek Tokopedia Tbk Equity-to-Asset Historical Data

The historical data trend for PT Goto Gojek Tokopedia 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 Goto Gojek Tokopedia Tbk Equity-to-Asset Chart

PT Goto Gojek Tokopedia Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.80

0.67

0.90

0.70

PT Goto Gojek Tokopedia Tbk Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial									0.90	0.90	0.90	0.90	0.70

Competitive Comparison of PT Goto Gojek Tokopedia Tbk's Equity-to-Asset

For the Software - Application subindustry, PT Goto Gojek Tokopedia 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 Goto Gojek Tokopedia Tbk's Equity-to-Asset Distribution in the Software Industry

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

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

PT Goto Gojek Tokopedia 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 Goto Gojek Tokopedia 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
	=	37930265	/	54097256
	=	0.70

PT Goto Gojek Tokopedia Tbk's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	37930265	/	54097256
	=	0.70

PT Goto Gojek Tokopedia Tbk (ISX:GOTO) 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 Goto Gojek Tokopedia Tbk Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of PT Goto Gojek Tokopedia Tbk's Equity-to-Asset 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 » Equity-to-Asset

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.

PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Headlines

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