What is PT Goto Gojek Tokopedia Tbk Financial Strength?
PT Goto Gojek Tokopedia Tbk has the Financial Strength Rank of 5.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
PT Goto Gojek Tokopedia Tbk did not have earnings to cover the interest expense.
PT Goto Gojek Tokopedia Tbk's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.25.
As of today, PT Goto Gojek Tokopedia Tbk's Altman Z-Score is -8.05.
Competitive Comparison of PT Goto Gojek Tokopedia Tbk's Financial Strength
For the Software - Application subindustry, PT Goto Gojek Tokopedia Tbk's Financial Strength, along with its competitors' market caps and Financial Strength 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 Financial Strength Distribution in the Software Industry
For the Software industry and Technology sector, PT Goto Gojek Tokopedia Tbk's Financial Strength distribution charts can be found below:
* The bar in red indicates where PT Goto Gojek Tokopedia Tbk's Financial Strength falls into.
PT Goto Gojek Tokopedia Tbk Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
PT Goto Gojek Tokopedia Tbk's Interest Expense for the
months ended in Dec. 2023 was Rp-124,776 Mil. Its Operating Income for the
months ended in Dec. 2023 was Rp-1,479,240 Mil. And its 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 Interest Coverage for the quarter that ended in Dec. 2023 is
| PT Goto Gojek Tokopedia Tbk did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
PT Goto Gojek Tokopedia Tbk's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
PT Goto Gojek Tokopedia Tbk has a Z-score of -8.05, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -8.05 is in distress zone. This implies bankruptcy possibility in the next two years.
* 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 Goto Gojek Tokopedia Tbk (ISX:GOTO) Business Description
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.
PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ISX:GOTO has been successfully added to your