ER
PT GARUDA Indonesia Tbk. recorded a liability or debt of around IDR199.5 trillion and a loss of IDR62.55 trillion in 2021. In 2021, Garuda Indonesia recorded negative equity of US$6.11 billion due to total liabilities which reached US$13.3 billion compared to assets of only US$7.18 billion. billion.
When converted into rupiah, the liability is equivalent to IDR199.5 trillion. The amount of liability of PT. Garuda Indonesia has short-term liabilities of US$5.77 billion and long-term liabilities of US$7.53 billion. Meanwhile, total current assets were US$305.72 million and non-current assets were US$6.88 billion.
At that time, the ratio of debt to assets also reached 185%, with a debt to equity ratio (-2.18). For information, a liability is an obligation that is calculated equivalent to the value of money and must be paid by the company to other parties.
Even PT Garuda Indonesia had recorded operating revenues of US$1.33 billion, equivalent to IDR19.95 trillion. This income is still lower than operating expenses which reached US$2.6 billion, equivalent to IDR39 trillion.
Not to mention, other operating revenues were also recorded at negative US$2.68 billion. This makes Garuda Indonesia throughout 2021 to record an operating loss of up to US$3.96 billion, equivalent to IDR59.4 trillion. [bisnis.com/photo special]
