Waskita Beton Precast Tbk PT

The company's capital structure is highly leveraged, with total liabilities of IDR 524.66 billion and total equity of -IDR 113.30 billion, resulting in a negative debt-to-equity ratio of -2.85. Liquidity is constrained, as evidenced by a current ratio of 0.61 and negative free cash flow of -IDR 26.92 billion. The company's cash and equivalents are minimal at IDR 313.38 million, which is insufficient to cover its operating cash outflows of -IDR 2.86 billion. Profitability is severely challenged, with a net loss of -IDR 34.25 billion and an operating loss of -IDR 25.78 billion in the latest reporting period. Return on equity is positive at 30.23%, but this is misleading due to the negative equity base. Gross profit of IDR 5.75 billion is insufficient to cover operating expenses, indicating operational inefficiencies or cost overruns. The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic downturns and regulatory changes. No specific revenue concentration metrics are provided, but the absence of segmental breakdowns suggests a high degree of concentration risk. Growth is not evident in the latest financials, with a net loss and negative operating cash flow. The company has not disclosed any specific growth initiatives or capital expenditures aimed at expanding capacity or entering new markets. Capital expenditures were minimal at -IDR 6.40 billion, suggesting a lack of investment in future growth. The company faces significant liquidity and solvency risks, with a negative net cash position after subtracting total debt. The risk assessment indicates a medium liquidity risk and low dilution risk, but the negative equity and high leverage suggest a high probability of financial distress. No recent dilutive events are disclosed, but the company's capital structure may require further equity or debt financing to remain solvent. No recent events, such as filings or transcripts, are disclosed in the available data. The company's financial position suggests a need for urgent restructuring or external financing to address its liquidity and solvency challenges.