Garuda Indonesia Persero Tbk (GIAA) - Net Assets
Based on the latest financial reports, Garuda Indonesia Persero Tbk (GIAA) has net assets worth Rp-25.62 Trillion IDR (≈ $-1.50 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp112.51 Trillion ≈ $6.59 Billion USD) and total liabilities (Rp138.13 Trillion ≈ $8.09 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Garuda Indonesia Persero Tbk asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp-25.62 Trillion |
| % of Total Assets | -22.77% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -242.2% |
| Growth Volatility | 302.56 |
Garuda Indonesia Persero Tbk - Net Assets Trend (2004–2024)
This chart illustrates how Garuda Indonesia Persero Tbk's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Garuda Indonesia Persero Tbk for the complete picture of this company's asset base.
Annual Net Assets for Garuda Indonesia Persero Tbk (2004–2024)
The table below shows the annual net assets of Garuda Indonesia Persero Tbk from 2004 to 2024. For live valuation and market cap data, see Garuda Indonesia Persero Tbk market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp-1.35 Billion ≈ $-79.22K |
-5.39% |
| 2023-12-31 | Rp-1.28 Billion ≈ $-75.16K |
+16.44% |
| 2022-12-31 | Rp-1.54 Billion ≈ $-89.95K |
+74.88% |
| 2021-12-31 | Rp-6.11 Billion ≈ $-358.03K |
-214.46% |
| 2020-12-31 | Rp-1.94 Billion ≈ $-113.85K |
-369.63% |
| 2019-12-31 | Rp720.62 Million ≈ $42.23K |
-20.83% |
| 2018-12-31 | Rp910.19 Million ≈ $53.33K |
-2.91% |
| 2017-12-31 | Rp937.47 Million ≈ $54.93K |
-7.17% |
| 2016-12-31 | Rp1.01 Billion ≈ $59.18K |
+6.22% |
| 2015-12-31 | Rp950.72 Million ≈ $55.71K |
+3.71% |
| 2014-12-31 | Rp916.71 Million ≈ $53.72K |
-17.94% |
| 2013-12-31 | Rp1.12 Billion ≈ $65.46K |
+0.20% |
| 2012-12-31 | Rp1.11 Billion ≈ $65.33K |
+33.82% |
| 2011-12-31 | Rp833.20 Million ≈ $48.82K |
+118.92% |
| 2010-12-31 | Rp380.60 Million ≈ $22.30K |
+11.37% |
| 2009-12-31 | Rp341.75 Million ≈ $20.03K |
+1150.95% |
| 2008-12-31 | Rp27.32 Million ≈ $1.60K |
-85.98% |
| 2007-12-31 | Rp194.88 Million ≈ $11.42K |
+133.40% |
| 2006-12-31 | Rp83.49 Million ≈ $4.89K |
+79.90% |
| 2005-12-31 | Rp46.41 Million ≈ $2.72K |
-100.00% |
| 2004-12-31 | Rp1.21 Trillion ≈ $70.81 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Garuda Indonesia Persero Tbk's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 350598148500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rp2.13 Billion | % |
| Other Components | Rp55.15 Million | % |
| Total Equity | Rp-1.32 Billion | 100.00% |
Garuda Indonesia Persero Tbk Competitors by Market Cap
The table below lists competitors of Garuda Indonesia Persero Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Afyren SAS
PA:ALAFY
|
$103.15 Million |
|
Putra Mandiri Jembar Tbk PT
JK:PMJS
|
$103.17 Million |
|
Shin Foong Specialty and Applied Materials Co
TW:6582
|
$103.20 Million |
|
SD Standard Drilling PLC
OL:SDSD
|
$103.21 Million |
|
Indorama Synthetics Tbk
JK:INDR
|
$103.14 Million |
|
D&C Media Co.Ltd
KQ:263720
|
$103.13 Million |
|
KCC Engineering & Construction Co. Ltd
KQ:021320
|
$103.11 Million |
|
SUN KWANG CO.Ltd
KQ:003100
|
$103.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Garuda Indonesia Persero Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -1,247,379,312 to -1,319,475,531, a change of -72,096,219.
- Net loss of 72,709,450 reduced equity.
- Other comprehensive income decreased equity by 17,391,454.
- Other factors increased equity by 18,004,685.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp-72.71 Million | -5.51% |
| Other Comprehensive Income | Rp-17.39 Million | -1.32% |
| Other Changes | Rp18.00 Million | +1.36% |
| Total Change | Rp- | % |
Book Value vs Market Value Analysis
This analysis compares Garuda Indonesia Persero Tbk's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | Rp0.00 | Rp68.00 | x |
| 2006-12-31 | Rp0.00 | Rp68.00 | x |
| 2007-12-31 | Rp0.01 | Rp68.00 | x |
| 2008-12-31 | Rp0.00 | Rp68.00 | x |
| 2009-12-31 | Rp0.02 | Rp68.00 | x |
| 2010-12-31 | Rp0.02 | Rp68.00 | x |
| 2011-12-31 | Rp0.03 | Rp68.00 | x |
| 2012-12-31 | Rp0.04 | Rp68.00 | x |
| 2013-12-31 | Rp0.05 | Rp68.00 | x |
| 2014-12-31 | Rp0.03 | Rp68.00 | x |
| 2015-12-31 | Rp0.03 | Rp68.00 | x |
| 2016-12-31 | Rp0.04 | Rp68.00 | x |
| 2017-12-31 | Rp0.03 | Rp68.00 | x |
| 2018-12-31 | Rp0.03 | Rp68.00 | x |
| 2019-12-31 | Rp0.02 | Rp68.00 | x |
| 2020-12-31 | Rp-0.07 | Rp68.00 | x |
| 2021-12-31 | Rp-0.23 | Rp68.00 | x |
| 2022-12-31 | Rp-0.06 | Rp68.00 | x |
| 2023-12-31 | Rp-0.01 | Rp68.00 | x |
| 2024-12-31 | Rp-0.01 | Rp68.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Garuda Indonesia Persero Tbk utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.13%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (5.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -150.78% | -6.19% | 1.44x | 16.90x | Rp-74.88 Million |
| 2006 | -26.24% | -1.81% | 1.35x | 10.75x | Rp-30.29 Million |
| 2007 | 14.11% | 2.04% | 1.28x | 5.41x | Rp8.00 Million |
| 2008 | 262.92% | 3.81% | 1.35x | 51.33x | Rp58.28 Million |
| 2009 | 31.69% | 6.29% | 1.09x | 4.61x | Rp73.97 Million |
| 2010 | 14.91% | 2.87% | 1.31x | 3.95x | Rp18.63 Million |
| 2011 | 10.69% | 3.25% | 1.38x | 2.39x | Rp5.77 Million |
| 2012 | 9.94% | 3.19% | 1.38x | 2.26x | Rp-710.54K |
| 2013 | 0.99% | 0.30% | 1.26x | 2.65x | Rp-100.53 Million |
| 2014 | -41.27% | -9.48% | 1.27x | 3.43x | Rp-463.44 Million |
| 2015 | 8.19% | 2.00% | 1.15x | 3.55x | Rp-16.87 Million |
| 2016 | 0.81% | 0.21% | 1.03x | 3.76x | Rp-91.21 Million |
| 2017 | -24.21% | -5.18% | 1.11x | 4.21x | Rp-306.06 Million |
| 2018 | 0.09% | 0.02% | 1.00x | 5.06x | Rp-85.53 Million |
| 2019 | -5.60% | -0.85% | 1.03x | 6.41x | Rp-108.44 Million |
| 2020 | 0.00% | -163.71% | 0.14x | 0.00x | Rp-2.25 Billion |
| 2021 | 0.00% | -312.27% | 0.19x | 0.00x | Rp-3.57 Billion |
| 2022 | 0.00% | 177.99% | 0.34x | 0.00x | Rp3.89 Billion |
| 2023 | 0.00% | 8.51% | 0.44x | 0.00x | Rp374.78 Million |
| 2024 | 0.00% | -2.13% | 0.52x | 0.00x | Rp59.24 Million |
Industry Comparison
This section compares Garuda Indonesia Persero Tbk's net assets metrics with peer companies in the Airlines industry.
No peer company data available for comparison.
About Garuda Indonesia Persero Tbk
PT. Garuda Indonesia (Persero) Tbk operates as an airline company in Indonesia and internationally. It operates through Flight Operation, Aircraft Maintenance Services, and Other Operations segments. The company undertakes the scheduled and non-scheduled commercial air transportation for domestic or international passengers, cargoes, and mails; and provides aircraft repair, maintenance, and overh… Read more