PT Wilton Makmur Indonesia Tbk

The company's capital structure is highly leveraged, with a debt-to-equity ratio of 2.51, indicating significant reliance on debt financing. Liquidity is constrained, as evidenced by a current ratio of 0.11, suggesting the company may struggle to meet short-term obligations without external financing. The negative operating cash flow of -34.42 billion IDR and free cash flow of -43.85 billion IDR further highlight the company's liquidity challenges. Profitability is severely underperforming, with a return on equity of -36.42% and a return on assets of -7.89%, both well below the typical thresholds for a gold mining company. The negative gross profit of -110.65 million IDR and operating income of -36.04 billion IDR indicate operational inefficiencies or cost overruns. The company's revenue is concentrated in a single business segment, gold mining, with no disclosed geographic diversification. This concentration increases exposure to commodity price volatility and regional operational risks. Growth appears to be negative, with the company reporting a net loss of 40.17 billion IDR. The outlook for the current fiscal year is uncertain, with no clear indication of a turnaround in profitability or cash flow generation. The company faces significant financial risk due to its negative net cash position and high debt levels. The risk assessment indicates a medium liquidity risk and a low dilution risk, though the potential for dilution remains a concern if the company requires additional capital. Recent financial filings show a continued decline in operating performance, with no material events disclosed in the latest transcripts or filings that suggest a near-term improvement in the company's financial position.