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Table 2 SMGR’s lists of debts

From: A failure innovation strategy of acquisition during excess capacity: financial approach based on case study at the state-owned cement holding PT Semen Indonesia (Persero) Tbk

  FY2018 FY2017
Net proportion 10% total revenue 6% total revenue
Proportion rights over SBI Rp 664 billion (US$47.43 million) n/a
Total debts Rp 45 trillion (US$3,214.29 million) Rp 18 trillion (US$1,285.71 million)
Interest rate 9%  
DER 1,41 0,56
Short-term debts Rp 14 trillion (US$1,000 million) Rp 8 trillion (US$571.43 million)
Long-term debts Rp 31 trillion (US$2,214.29 million) Rp 10 trillion (US$714.29 million)
  1. Source: Author’s taken based on the published annual report