CREDIT RISK ANALYSIS OF INDONESIAN NICKEL INDUSTRY BUSINESS PERFORMANCE FROM BANK FINANCING PERSPECTIVES
At the beginning of 2023 there was a demand increase of bank loan facilities for the purchase of new nickel transportation boats (tugboats and barges) at PT Bank Negara Indonesia (Persero), Tbk Batam Commercial Business Centre. Loan repayment will be from mining companies’ payment to shipping co...
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| Format: | Theses |
| Language: | Indonesia |
| Subjects: | |
| Online Access: | https://digilib.itb.ac.id/gdl/view/86861 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | At the beginning of 2023 there was a demand increase of bank loan facilities for
the purchase of new nickel transportation boats (tugboats and barges) at PT Bank
Negara Indonesia (Persero), Tbk Batam Commercial Business Centre. Loan
repayment will be from mining companies’ payment to shipping companies,
therefore credit risk analysis of Indonesia nickel industry as the source of loan
repayment is urgently needed.
The analysis is conducted including business environment to financial condition of
selected Indonesian public-listed nickel companies to represent the nickel industry.
Research found that market risk of nickel is highly affected by China as the largest
nickel buyer to fulfil demand of its stainless-steel industry and growing EV
industry. Commodity risk analysis shows nickel price annual volatility in the period
2018 to 2023 has reach 0.50 or 50%. Stress test resulted that if nickel price reached
USD 13.011,50/ton will cause companies unable to repay their debt obligation.
From financial risk analysis shows in 2022 industry average Profit Margin has
reached 15,97%, and decent financial ratio including CR (2.7 times), DER (115%),
and DSCR (35.64 times). |
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