TBS Energi Utama Tbk PT

The company’s capital structure is highly leveraged, with a debt-to-equity ratio of 2.02, indicating a significant reliance on debt financing [doc:output_data.valuation_snapshot]. Liquidity is constrained, as evidenced by a current ratio of 1.11 and negative free cash flow of -156.19 million USD, despite a small operating cash flow of 5.19 million USD [doc:output_data.valuation_snapshot]. The company’s liquidity risk is rated as medium, with net cash negative after subtracting total debt [doc:output_data.risk_assessment]. Profitability is weak, with a return on equity of -83.07% and a return on assets of -20.33%, both significantly below the industry median for coal companies [doc:output_data.valuation_snapshot]. Operating income is negative at -141.83 million USD, and net income is also negative at -161.25 million USD, indicating operational inefficiencies or cost overruns [doc:input_data]. The company operates in five segments: coal mining, coal trading, IPP, waste management, and others. Revenue concentration is not disclosed, but the coal-related segments are likely the primary contributors to revenue, given the company’s classification and business description [doc:input_data]. Growth is under pressure, with no clear revenue expansion in the most recent period. The outlook for the current fiscal year is uncertain, with no numeric delta provided, and the next fiscal year also lacks a defined growth trajectory [doc:output_data.outlook]. The company’s capital expenditure of -47.12 million USD suggests ongoing investment, but the negative free cash flow indicates that these investments are not yet generating returns [doc:input_data]. Risk factors include high leverage, weak profitability, and liquidity constraints. The company has a low dilution potential, with no near-term pressure expected, and no recent dilutive events reported [doc:output_data.risk_assessment]. No recent filings or transcripts were provided to indicate material changes in the company’s operations or strategy [doc:input_data]. The company’s focus on clean and renewable energy is a strategic shift, but its current financial performance does not reflect the benefits of this transition. The integration of coal and renewable energy operations may present challenges in balancing short-term cash flow with long-term sustainability goals [doc:input_data].