Graha Andrasentra Propertindo Tbk PT

The company's capital structure is characterized by a debt-to-equity ratio of 0.19, indicating a relatively low level of leverage compared to industry norms. However, the liquidity position is assessed as medium, with a current ratio of 0.87, suggesting that the company's current liabilities exceed its current assets. The company's cash and equivalents amount to 7.7 billion IDR, but this is significantly lower than the long-term debt of 21.15 billion IDR, resulting in a negative net cash position [doc:HA-latest]. Profitability metrics show a return on equity of -4.27% and a return on assets of -3.06%, both of which are negative and indicate that the company is not generating returns for its shareholders or assets. The operating income of 19.89 billion IDR is significantly lower than the net loss of 46.42 billion IDR, highlighting the company's challenges in converting operating profits into net earnings [doc:HA-latest]. The company's revenue is distributed across four segments: Hotel and Condotel, Real Estate, Recreation Park, and Others. The Hotel and Condotel segment manages Aston Bogor Hotel and Resort, while the Real Estate segment focuses on sales in Bogor Nirwana Residence. The Recreation Park segment includes Jungle Waterpark, Rivera Outbound, and Edutainment. The geographic exposure is primarily within the Jabodetabek area, with a concentration in Sentul and Bogor [doc:HA-latest]. The company's growth trajectory is uncertain, with a net loss of 46.42 billion IDR and a free cash flow of -38.38 billion IDR. The capital expenditure of -10.57 billion IDR indicates ongoing investment, but the negative free cash flow suggests that the company is not generating sufficient cash to fund its operations and investments without external financing [doc:HA-latest]. The risk assessment highlights a medium liquidity risk and a low dilution risk. The key flag of negative net cash after subtracting total debt indicates potential liquidity constraints. The dilution potential is low, with no significant changes in shares outstanding between basic and diluted shares [doc:HA-latest]. Recent events and filings do not provide specific details on recent developments, but the company's financial performance and liquidity position suggest that it may face challenges in maintaining its operations and growth initiatives without additional financing or operational improvements [doc:HA-latest].