State-Owned Construction Companies' Debt in Q1 2024: WSKT Holds the Largest Share

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Adi Ahdiat 10/07/2024 09:10 WIB

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Waskita Karya (WSKT) was the state-owned construction company with the highest debt at the end of the first quarter of 2024.

State-Owned Construction Companies' Debt and Debt-to-Total-Asset Ratio (Q1 2024)

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State-Owned Construction Companies' Debt and Debt-to-Total-Asset Ratio (Q1 2024)

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Currently, four state-owned construction companies ("BUMN Karya") are listed on the Indonesian Stock Exchange: PT Adhi Karya Tbk (ADHI), PT PP Tbk (PTPP), PT Wijaya Karya Tbk (WIKA), and PT Waskita Karya Tbk (WSKT).

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

Within this group, WSKT has the highest debt, both in terms of value and proportion to total assets.

At the end of Q1 2024, WSKT's total liabilities reached Rp81.58 trillion, equivalent to 88.47% of its total assets.

Next is WIKA, with total debt of Rp56.24 trillion, equivalent to 87.03% of its total assets.

Meanwhile, PTPP's total debt is Rp41.33 trillion, equivalent to 72.96% of its total assets.

ADHI has the lowest total debt, at Rp30.98 trillion, equivalent to 77.03% of its total assets.

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."