Maja Agung Latexindo PT Tbk

Maja Agung Latexindo PT Tbk has a current ratio of 4.83, indicating strong short-term liquidity, but its free cash flow is negative at -994.1 million IDR, and operating cash flow is only 1.05 billion IDR, suggesting limited capacity to fund operations without external financing. The company’s debt-to-equity ratio is 0.0, reflecting no long-term debt, but its net cash position is negative after subtracting total debt, signaling potential liquidity risk. The company’s profitability is weak, with a return on equity of -0.99% and a return on assets of -0.87%, both significantly below the industry median for medical equipment and supplies firms, which typically report positive ROE and ROA in the 5-10% range. Operating income is negative at -4.76 billion IDR, and net income is -3.38 billion IDR, indicating a failure to generate earnings despite revenue of 150.2 billion IDR. The company operates in two segments: Gloves and Concentrated Latex. Revenue concentration data is not disclosed, but the company serves domestic and international markets, including healthcare, industrial, and personal care sectors. Geographic exposure is primarily in Indonesia, with operations in Deli Serdang and North Labuhan Batu Regencies, North Sumatra. Growth trajectory is unclear due to the absence of forward-looking guidance in the input data. Historical revenue of 150.2 billion IDR is flat compared to prior periods, and the company has not disclosed segment-level growth rates. Outlook data for the current and next fiscal years is not provided, limiting visibility into future performance. Risk factors include medium liquidity risk due to negative free cash flow and a negative net cash position, as well as a low dilution risk score. No dilution sources are disclosed in the input data, and no adjustments are applied in custom valuations. Recent events include no disclosed filings or transcripts in the input data. The company’s financial performance in the latest period shows deteriorating profitability, with operating and net losses, but no material events are reported to explain the decline.