Apexindo Pratama Duta Tbk PT
Apexindo Pratama Duta Tbk PT has a debt-to-equity ratio of 1.85, indicating a relatively high level of leverage, and a current ratio of 3.95, suggesting strong short-term liquidity [doc:HA-latest]. The company's return on equity is 5.88%, and its return on assets is 1.55%, both of which are below the industry average for energy equipment and services firms [doc:HA-latest]. The company's profitability is reflected in its gross profit of 24,420,760 USD and operating income of 11,848,080 USD, but its net income of 4,058,500 USD indicates that it is not generating substantial profits after all expenses [doc:HA-latest]. The company's ROIC and other profitability metrics are not provided, but the low net income suggests that it may be struggling to generate returns that exceed its cost of capital. Apexindo Pratama Duta Tbk PT operates through two segments: Offshore Drilling Services and Onshore Drilling Services. The company's revenue is not disclosed by segment, but it is known to have a fleet of four offshore rigs and six onshore rigs [doc:HA-latest]. The company's geographic exposure is primarily within Indonesia, and there is no information on revenue concentration by region. The company's growth trajectory is not clearly defined, as there are no specific numeric deltas provided for the current or next fiscal year. However, the company's capital expenditure of -3,168,540 USD suggests that it may be reducing its investment in new assets [doc:HA-latest]. The company's operating cash flow of 30,648,020 USD and free cash flow of 16,281,320 USD indicate that it is generating positive cash from operations, which could be used for growth initiatives or debt reduction. The company faces a medium liquidity risk, as indicated by the risk assessment, and a low dilution risk [doc:HA-latest]. The key flag of negative net cash after subtracting total debt suggests that the company may need to raise additional capital or refinance its debt in the near future [doc:HA-latest]. The company's recent financial performance and risk profile suggest that it may be vulnerable to economic downturns or changes in the oil and gas industry. There are no specific recent events mentioned in the provided data, such as filings or transcripts, that would provide insight into the company's current operations or strategic direction [doc:HA-latest].
Business. Apexindo Pratama Duta Tbk PT provides drilling services for the exploration and production of oil, gas, geothermal, and coal bed methane in Indonesia, operating through offshore and onshore drilling segments [doc:HA-latest].
Classification. The company is classified under the Energy sector, specifically in the Oil & Gas Drilling industry, with a high confidence level of 0.92 [doc:verified market data].
- Apexindo Pratama Duta Tbk PT has a high debt-to-equity ratio, indicating a significant level of financial leverage.
- The company's return on equity and return on assets are below the industry average, suggesting that it is not generating strong returns for its shareholders.
- The company's profitability is limited, with a net income that is significantly lower than its gross profit and operating income.
- The company's capital expenditure is negative, indicating a reduction in investment in new assets.
- The company has a medium liquidity risk and a low dilution risk, but it faces a key flag of negative net cash after subtracting total debt.
- The company's growth trajectory is not clearly defined, and there are no specific numeric deltas provided for the current or next fiscal year.
- # RATIONALES
- margin_outlook_rationale: The company's margin outlook is uncertain due to the limited profitability and the high debt-to-equity ratio.
- Net cash is negative after subtracting total debt.