Perma Plasindo Tbk PT

The company’s capital structure is characterized by a low debt-to-equity ratio of 0.04, indicating a conservative leverage profile. However, its liquidity position is rated as medium, with a current ratio of 3.05, suggesting adequate short-term liquidity to cover obligations. Despite this, the company’s cash and equivalents of IDR 1.5 billion are significantly lower than its long-term debt of IDR 16.9 billion, resulting in a negative net cash position [doc:input_data]. Profitability metrics are weak, with a return on equity (ROE) of -9.27% and a return on assets (ROA) of -6.74%, both well below the typical thresholds for healthy performance in the retail sector. The company reported a net loss of IDR 37.5 billion and an operating loss of IDR 32.8 billion in the latest period, indicating significant operational challenges [doc:input_data]. Geographically, the company operates primarily in Indonesia, with a presence in three major industrial estates and 12 branches. Revenue concentration is not explicitly disclosed, but the company’s operations are heavily tied to the domestic market, which may expose it to local economic and regulatory risks [doc:input_data]. Growth appears to be under pressure, with the company reporting a net loss and negative operating income. While the company has a strong brand portfolio and distribution network, the lack of positive earnings and the presence of a negative net cash position suggest limited capacity for organic growth or strategic investment [doc:input_data]. The risk assessment highlights a medium liquidity risk, primarily due to the negative net cash position after accounting for total debt. Although dilution risk is currently rated as low, the company’s negative free cash flow of IDR 32.1 billion and operating cash flow of IDR 48.7 billion suggest potential future pressure to raise capital, which could lead to share dilution [doc:input_data]. Recent filings and transcripts do not indicate any major strategic shifts or capital-raising events in the near term. However, the company’s financial performance and liquidity position warrant close monitoring for potential changes in capital structure or operational strategy [doc:input_data].