HomeNewsVideos

PGAS to pay US$1.12 billion in current debt this year

20 April 2020 15:19

JAKARTA. PT Perusahaan Gas Negara (Persero) Tbk (PGAS) has said it will repay its current debt this year. According to its 2019 financial report, the company has US$1.12 billion in current debt.

PGAS Corporate Secretary Rachmat Hutama said the company's ability to fulfill its current liabilities are adequate as shown by its 197% current ratio.

As of December 31, 2019, the company's current asset is valued at US$2.21 billion with US$1.04 billion in current liabilities.

PGAS, said Mr Hutama, is still operating as usual and as such its cash and cash equivalents will increase in line with its monthly operating margin excluding cash expenses for operational purposes.

In 2019, PGAS posted US$3.85 billion in revenue and US$67.58 billion in net profit. (AM/MS)

© 2024 - IDN Financials - All Rights Reserved.