CASH FLOWS FROM OPERATING ACTIVITIES
Net cash from operating activities in 2021 reached Rp9.83 trillion, an increase of 32.80% or Rp7.43 trillion compared to Rp7.40 trillion in 2020. This was mainly due to the increase in cash receipts from customers, both old and new receivables, interest income and tax receipts.
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash used for investment activities in 2021 reached Rp845.88 billion, a decrease of 79.36% or Rp13.53 billion or compared to Rp17.02 trillion in 2020. This was mainly due to the placement of short-term investments.
CASH FLOWS FROM FINANCING ACTIVITIES
Net cash used for financing activities in 2021 reached Rp5.01 trillion, an increase of 748.94% or Rp4.42 trillion compared to Rp589.82 billion in 2020. This mainly due to loan repayments from banks and other financial institutions.
ABILITY TO PAY DEBT AND RECEIVABLES COLLECTIBILITY
ABILITY TO PAY DEBT
The Company is committed to fulfilling the rights of creditors by making timely payments of loan principal and interest. Pelindo’s ability to fulfill its obligations can be seen in a number of indicators, for example: short-term financial condition and long-term financial condition.
The ability to pay short-term debt is reflected in the liquidity ratio, while the ability to pay long-term debt is reflected in the solvency ratio. The liquidity ratio and solvency ratio are presented as follows.
ABILITY TO PAY SHORT-TERM DEBT (LIQUIDITY)
The 2021 liquidity ratio is measured using the cash ratio and current ratio. The cash ratio is obtained from the addition of cash, time deposits, and short-term securities, divided by the amount of short-term liabilities. Meanwhile, the current ratio is obtained by dividing the amount of current assets with the amount of current liabilities.
