Gowa Makassar Tourism Development Balance Sheet Health
Financial Health criteria checks 6/6
Gowa Makassar Tourism Development has a total shareholder equity of IDR829.4B and total debt of IDR12.4B, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are IDR1,180.2B and IDR350.8B respectively. Gowa Makassar Tourism Development's EBIT is IDR252.3B making its interest coverage ratio 10. It has cash and short-term investments of IDR25.4B.
Key information
1.5%
Debt to equity ratio
Rp12.41b
Debt
| Interest coverage ratio | 10x |
| Cash | Rp25.41b |
| Equity | Rp829.40b |
| Total liabilities | Rp350.80b |
| Total assets | Rp1.18t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GMTD's short term assets (IDR611.8B) exceed its short term liabilities (IDR272.8B).
Long Term Liabilities: GMTD's short term assets (IDR611.8B) exceed its long term liabilities (IDR78.0B).
Debt to Equity History and Analysis
Debt Level: GMTD has more cash than its total debt.
Reducing Debt: GMTD's debt to equity ratio has reduced from 9% to 1.5% over the past 5 years.
Debt Coverage: GMTD's debt is well covered by operating cash flow (296.2%).
Interest Coverage: GMTD's interest payments on its debt are well covered by EBIT (10x coverage).