What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) Balance Sheet: Assets & Liabilities

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Balance Sheet Analysis

Values in trillions IDR

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) - Annual data in trillions IDR
Breakdown	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Mar 2022	Dec 2021	Mar 2021	Dec 2020	Mar 2020	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	34.49	34.23	33.91	33.91	29.01	31.95	38.31	38.31	20.59	20.59	18.24	17.44	25.15
Short-Term Investments	1.24	1.24	1.12	1.12	1.66	0.94	0.43	0.43	1.23	1.30	0.38	1.16	1.76
Cash & Short-Term Investments	35.73	35.47	35.03	35.03	30.67	32.88	38.74	38.74	21.82	21.89	18.62	18.60	26.91
Accounts Receivable	14.04	11.22	15.67	12.19	10.95	8.63	11.04	8.51	12.59	12.38	11.80	11.41	9.22
Inventory	0.90	0.90	1.10	1.10	1.00	1.14	0.78	0.78	0.98	0.98	0.59	0.72	0.63
Other Current Assets	10.31	0.63	11.30	0.45	7.73	0.48	10.73	0.40	11.14	11.04	10.72	12.55	11.07
Total Current Assets	60.98	61.78	63.09	63.09	55.63	55.07	61.29	61.29	46.53	46.50	41.72	43.27	47.56
Non-Current Assets
Property, Plant & Equipment (Net)	193.88	185.16	207.48	190.22	188.00	187.57	177.12	177.12	173.22	179.49	155.81	142.01	131.52
Long-Term Investments	7.51	0.11	8.46	0.11	0.11	0.12	13.80	0.14	4.24	4.05	1.94	2.66	2.15
Goodwill	0.92	0.91	1.00	1.00	1.09	1.10	1.10	1.10	1.31	1.30	1.40	1.05	0.65
Intangible Assets	8.34	17.16	16.64	16.64	13.78	13.94	13.32	13.32	12.18	6.85	8.18	5.28	4.40
Other Non-Current Assets	10.20	0.24	-0.82	0.26	5.43	0.34	5.71	0.45	4.65	9.87	9.26	9.46	9.40
Total Non-Current Assets	227.47	225.50	236.20	227.92	223.92	219.74	214.87	214.87	199.34	-	179.49	162.93	150.92
Total Assets	288.45	287.28	299.68	291.01	279.55	274.82	276.16	276.16	245.87	246.94	221.21	206.20	198.48
Current Liabilities
Accounts Payable	16.22	16.83	15.34	15.79	19.05	18.46	17.78	17.78	17.00	0.58	13.88	14.77	15.57
Short-Term Debt	30.62	24.68	32.84	27.39	19.93	17.05	21.90	16.37	24.09	9.93	18.22	10.34	7.50
Current Portion of Long-Term Debt	-	17.75	-	15.87	10.28	8.86	-	9.69	-	9.35	-	-	-
Accrued Liabilities	-	14.87	-	14.19	13.08	15.45	-	15.89	-	16.98	-	-	-
Deferred Revenue	9.49	9.49	10.61	10.61	9.41	8.68	9.21	9.21	9.86	7.83	8.64	6.82	6.67
Other Current Liabilities	17.79	0.47	17.98	2.87	2.57	2.38	15.89	2.42	14.84	2.02	14.21	38.54	39.62
Total Current Liabilities	74.13	74.30	76.77	76.72	71.45	70.24	68.70	68.70	68.50	69.09	58.37	46.26	45.38
Non-Current Liabilities
Long-Term Debt	44.75	26.10	44.00	25.52	27.77	27.33	46.68	36.32	40.63	30.56	44.84	33.74	27.97
Deferred Tax Liabilities	1.24	1.23	0.99	0.99	0.84	1.02	0.86	0.86	0.61	0.56	1.23	1.20	0.93
Other Non-Current Liabilities	14.58	0.24	12.95	0.22	0.29	0.59	13.47	0.70	14.61	16.18	0.75	7.04	11.55
Total Non-Current Liabilities	63.43	63.27	60.42	60.43	58.91	55.51	62.29	62.29	56.86	56.96	45.59	42.63	40.98
Total Liabilities	137.55	137.58	137.19	137.15	130.36	125.74	130.99	130.99	125.36	126.05	103.96	88.89	86.35
Stockholders' Equity
Common Stock	4.96	4.95	4.95	4.95	4.95	4.95	4.95	4.95	4.95	4.95	4.95	4.95	5.04
Retained Earnings	106.86	122.13	118.35	125.91	121.11	121.73	114.44	114.44	95.21	94.49	76.15	91.49	69.56
Accumulated Other Comprehensive Income	16.89	1.12	16.49	0.76	0.50	0.56	15.34	0.26	0.24	0.37	15.34	0.32	15.34
Treasury Stock	-	0.03	-	-	-	-	-	-	-	-	-	-	-
Additional Paid-in Capital	2.29	1.98	2.31	1.98	1.98	1.98	1.98	1.98	1.98	-	2.71	1.98	2.39
Minority Interest	19.90	19.55	20.40	20.26	20.66	19.85	23.54	23.54	18.14	-	17.69	18.39	19.42
Shares Outstanding	-	0.10	-	0.10	0.10	0.10	-	0.10	-	-	-	-	-
Total Stockholders' Equity	131.00	130.15	142.09	133.60	128.54	129.22	121.63	121.63	102.37	120.89	99.56	98.91	92.71
Total Liabilities & Equity	288.45	287.28	299.68	291.01	279.55	274.82	277.18	276.16	245.87	-	221.21	206.20	198.48

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Balance Sheet Analysis

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