A Peek into State-Owned Construction Companies' Debt in the First Half of 2023: Who Owes the Most?

Market

Lite

Adi Ahdiat 04/09/2023 14:50 WIB

URL has been copied

Memuat...

State-Owned Enterprise (SOE) Waskita Karya Tbk (WSKT) had the largest debt as of the first half of 2023, both in nominal terms and as a proportion of its total assets.

State-Owned Construction Companies' Debt and its Proportion to Total Assets (First Semester 2023)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

A Peek into State-Owned Construction Companies' Debt in the First Half of 2023: Who Owes the Most?

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

State-Owned Construction Companies' Debt and its Proportion to Total Assets (First Semester 2023)

Download

Source

A Small Font
A Medium Font
A Bigger Font

"BUMN Karya" refers to state-owned enterprises (SOEs) operating in the construction sector.

Currently, four BUMN Karya parent companies are listed as public companies: PT Waskita Karya Tbk (WSKT), PT Wijaya Karya Tbk (WIKA), PT PP Tbk (PTPP), and PT Adhi Karya Tbk (ADHI).

Based on each company's financial reports, these four BUMN Karya companies have substantial debts.

At the end of the first half of 2023, WSKT recorded total liabilities or debts of Rp84.31 trillion, equivalent to 87.5% of its total assets of Rp96.32 trillion.

In the same period, WIKA had total debt of Rp56.7 trillion, equivalent to 78.6% of its total assets of Rp72.17 trillion.

PTPP's total debt reached Rp42.72 trillion, equivalent to 74.12% of its total assets of Rp57.64 trillion.

Meanwhile, ADHI's total debt reached Rp30.43 trillion, equivalent to 77.33% of its total assets of Rp39.35 trillion.

Based on this data, WSKT had the largest debt among BUMN Karya companies until the first half of 2023, both in nominal terms and in proportion to its total assets.

Currently, WSKT is being sued in a Suspension of Debt Payment Obligation (PKPU) case in the Commercial Court of the Central Jakarta District Court.

However, WSKT's Corporate Secretary, Ermy Puspa Yunita, claims that the lawsuit will not significantly impact their performance.

"We state that the ongoing PKPU trial does not significantly impact the company's business activities," said Ermy, as reported by Bisnis.com on Friday (1/9/2023).

"This postponement of payment obligations is necessary to maintain the company's liquidity, considering that the cash that can be freely used by the company is very limited," Ermy added.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

Related Data

Prevalence of Inadequate Food Consumption in Cilacap Decreased by 1.39% in the Last Year

Area of Rice Fields, Land, and Plantations in Indonesia Damaged by Floods 2020-2024

4.82% of Situbondo Regency Residents Have Higher Education by End of 2024

99 Hotspots Detected in Indonesia in the Last 24 Hours (Saturday, December 6, 2025)

Average Length of Schooling in Bekasi City Reaches 12.11 Years in 2025

Central Kalimantan's Air Quality This Morning (Dec 6) Worst in Indonesia

Latest Data Stories

Population of Male Cattle Suitable for Slaughter, Period 2013-2024 Demographics 06/12/2025, 14:20 WIB

Prevalence of Inadequate Food Consumption in Cilacap Decreased by 1.39% in the Last Year Demographics 06/12/2025, 13:15 WIB

The daily price of shallots in traditional markets in Yogyakarta Province has decreased by 16.36% over the past month. Economics & Macro 06/12/2025, 12:38 WIB

The 5 FLPP Distributing Banks with the Largest Contribution as of November 3, 2025 Finance 06/12/2025, 12:38 WIB

FAO Index: September 2024 Food Prices Rise Economics & Macro 06/12/2025, 12:21 WIB

BP Tapera Housing Financing Disbursement to Increase in 2025 Finance 06/12/2025, 12:17 WIB

Download

Source

A Peek into State-Owned Construction Companies' Debt in the First Half of 2023: Who Owes the Most?

A Peek into State-Owned Construction Companies' Debt in the First Half of 2023: Who Owes the Most?

Tags

Related Data

Prevalence of Inadequate Food Consumption in Cilacap Decreased by 1.39% in the Last Year

Area of Rice Fields, Land, and Plantations in Indonesia Damaged by Floods 2020-2024

4.82% of Situbondo Regency Residents Have Higher Education by End of 2024

99 Hotspots Detected in Indonesia in the Last 24 Hours (Saturday, December 6, 2025)

Average Length of Schooling in Bekasi City Reaches 12.11 Years in 2025

Central Kalimantan's Air Quality This Morning (Dec 6) Worst in Indonesia

Latest Data Stories

Popular Data

A Peek into State-Owned Construction Companies' Debt in the First Half of 2023: Who Owes the Most?

A Peek into State-Owned Construction Companies' Debt in the First Half of 2023: Who Owes the Most?

Tags

Related Data

Prevalence of Inadequate Food Consumption in Cilacap Decreased by 1.39% in the Last Year

Area of Rice Fields, Land, and Plantations in Indonesia Damaged by Floods 2020-2024

4.82% of Situbondo Regency Residents Have Higher Education by End of 2024

99 Hotspots Detected in Indonesia in the Last 24 Hours (Saturday, December 6, 2025)

Average Length of Schooling in Bekasi City Reaches 12.11 Years in 2025

Central Kalimantan's Air Quality This Morning (Dec 6) Worst in Indonesia

Latest Data Stories

Trending Topics

Popular Data