These are the State-Owned Enterprises (SOEs) in the construction sector with the highest debt as of Q3 2023.

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Adi Ahdiat 05/12/2023 11:48 WIB

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PT Waskita Karya Tbk (WSKT) had the largest debt among state-owned construction companies (BUMN Karya) at the end of the third quarter of 2023, both in nominal terms and as a proportion of its total a

State-Owned Construction Companies' Debt and its Proportion to Total Assets (September 30, 2023)

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These are the State-Owned Enterprises (SOEs) in the construction sector with the highest debt as of Q3 2023.

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State-Owned Construction Companies' Debt and its Proportion to Total Assets (September 30, 2023)

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State-Owned Enterprises (SOEs) in the construction sector, known as "BUMN Karya," comprise several companies. Currently, four publicly listed BUMN Karya parent companies exist: PT Waskita Karya Tbk (WSKT), PT Wijaya Karya Tbk (WIKA), PT PP Tbk (PTPP), and PT Adhi Karya Tbk (ADHI).

Based on their respective financial reports, these four BUMN Karya companies have substantial debts. As of the end of Q3 2023 (September 30, 2023):

* WSKT had total liabilities (debt) of Rp84.1 trillion, equivalent to 87.1% of its total assets of Rp96.5 trillion.
* WIKA had total debt of Rp55.7 trillion, equivalent to 83.5% of its total assets of Rp66.6 trillion.
* PTPP had total debt of Rp44.2 trillion, equivalent to 74.5% of its total assets of Rp59.3 trillion.
* ADHI had total debt of Rp30.4 trillion, equivalent to 77.2% of its total assets of Rp39.4 trillion.

Therefore, WSKT had the largest debt among the BUMN Karya companies at the end of Q3 2023, both in nominal terms and as a proportion of total assets.

Since May 8, 2023, the Indonesia Stock Exchange (BEI) has temporarily suspended trading of Waskita Karya shares. This suspension followed Waskita Karya's failure to pay bond interest due on May 6, 2023.

Waskita Karya attempted to restructure its bond debt payments, but this proposal was rejected by the Bondholders' Meeting (RUPO) on November 22, 2023. Waskita Karya's management has stated its commitment to corporate health and ensuring the restructuring process is completed by the end of 2023.

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."

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These are the State-Owned Enterprises (SOEs) in the construction sector with the highest debt as of Q3 2023.

These are the State-Owned Enterprises (SOEs) in the construction sector with the highest debt as of Q3 2023.

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These are the State-Owned Enterprises (SOEs) in the construction sector with the highest debt as of Q3 2023.

These are the State-Owned Enterprises (SOEs) in the construction sector with the highest debt as of Q3 2023.

Tags

Related Data

Construction Costliness Index of Asmat Regency, South Papua Reached 152.51 Points in 2025

Prevalence of Food Consumption Inadequacy in West Bandung Decreased by 1.23% in the Last Year

20.04 Thousand Jayawijaya Regency Residents are Junior High School Graduates by End of 2024

Ministry of Environment and Forestry Finds 150 Hotspots in Indonesia, Most in North Maluku (Friday, December 5, 2025)

Average Length of Schooling for Bandung City Residents Reaches 11.41 Years in 2025

South Sumatra's Air Quality This Morning (5/12) is the Worst in Indonesia

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