Semester I 2024: State-Owned Construction Companies' Assets Primarily Consist of Debt

Market

Premium

Adi Ahdiat 26/08/2024 12:04 WIB

URL has been copied

Memuat...

By the end of Semester I 2024, the majority of state-owned construction companies' assets consisted of liabilities or debt.

Total Assets and Liabilities of State-Owned Construction Companies (June 2024)

A Small Font
A Medium Font
A Bigger Font

You are accessing content Single Data Premium.
To continue, please subscribe or buy individually.

Professional

Enjoy premium access with a more affordable price.

Start from

~~Rp300.000~~ 150.000/month

Access more premium content and exclusive features for customers.

Start from

50.000/month

Hanya Rp833 per artikel

More details »

Buy Retail

Read the article immediately “Semester I 2024: State-Owned Construction Companies' Assets Primarily Consist of Debt”.

Rp10.000

We accept the following payments:

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

Total Assets and Liabilities of State-Owned Construction Companies (June 2024)

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 are publicly listed companies: PT Waskita Karya Tbk (WSKT), PT PP Tbk (PTPP), PT Adhi Karya Tbk (ADHI), and PT Wijaya Karya Tbk (WIKA).

As of the end of the first semester (June 2024), WSKT reported total assets of Rp91.10 trillion. However, approximately Rp82.02 trillion (90%) of this consisted of liabilities or debt.

Similar trends were observed in the financial reports of PTPP and ADHI. At the end of June 2024, PTPP's total assets reached Rp57.78 trillion, with debt amounting to Rp42.52 trillion (74%).

During the same period, ADHI's total assets reached Rp36.19 trillion, with debt of Rp26.94 trillion (74%).

Another listed BUMN Karya, WIKA, has yet to release its latest financial report as of today (August 26, 2024).

As of the end of March 2024, WIKA reported total assets of Rp64.62 trillion, with debt of Rp56.24 trillion (87%).

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."