Page 37 - Buku Annual Report BPJT 2021
P. 37
Liability and Ratio
Kondisi tingkat kesehatan
BUJT pun terlihat lewat
sejumlah rasio keuangan,
terutama rasio leverage yang
menghitung banyaknya modal
yang berasal dari utang atau
pinjaman.
The condition of soundness of
the TRBEs can be seen through
some financial ratios, especially
the leverage ratio that calculates
the amount of capital coming
from debts or loans.
Gerbang Tol Cakung 2 Jalan Tol Kelapa Gading-Pulo Gebang
n general, the toll road industry is a The condition of soundness of the TRBEs
capital-intensive industry. Besides can be seen through some financial
Iself-funded capital, the majority of ratios, especially the leverage ratio that
calculates the amount of capital coming
the capital for toll road constructions from debts or loans.
come from loans. Per June 2021,
the total liabilities of the 67 TRBEs From the data collected, most of the
reached Rp333.52 trillion. coverage ratios of TRBEs have not shown
an ideal figure. By June 2021, there were
18 TRBEs of 67 TRBEs that recorded an
Interest Coverage Ratio above 100 percent.
There were also 14 TRBEs that had Asset
Coverage Ratio of above 100 percent.
BADAN PENGATUR JALAN TOL
An Interest Coverage Ratio of above
100 percent indicates that operational
revenues exceeded the interest expenses
to be paid to creditors. Meanwhile, a Cash
Ratio of above 100 percent also indicates
the cash flow ability of the TRBEs to
Improving Governance in The Provision of Tollroad in Indonesia | 37
