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

NYSE: TLKAssets, liabilities, debt and equity over 10 years.

TLK balance sheet, 2025

December 31, 2025 · IDR

IDR 288.45T assets = IDR 137.55T liabilities + IDR 150.90T equity

Both columns are drawn to the same scale: what TLK owns equals what it owes plus shareholders’ equity. Hover a block for its value.

TLK financial health

Current ratio0.82

Tight · current assets cover current liabilities 0.82×

Debt / equity0.57

Moderate leverage · IDR 0.57 of debt for each $1 of equity

Equity / assets45.4%

Equity-funded · of assets funded by shareholders

Cash / debt47.6%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles3.2%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

TLK balance sheet trends, 2016–2025

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk balance sheet trends
Metric	Then	Latest	Change
Total assets	IDR 179.61T2016	IDR 288.45T2025	+5.4%/yr
Total liabilities	IDR 74.07T2016	IDR 137.55T2025	+7.1%/yr
Shareholders’ equity	IDR 84.38T2016	IDR 131.00T2025	+5.0%/yr
Cash & short-term investments	IDR 31.00T2016	IDR 35.73T2025	+1.6%/yr
Total debt	IDR 31.80T2016	IDR 75.09T2025	+10.0%/yr
Net cash (debt)	−IDR 798.00B2016	−IDR 39.36T2025	IDR 38.6T
Working capital	IDR 7.94T2016	−IDR 13.15T2025	IDR 21.1T
Current ratio	1.202016	0.822025	−0.38
Debt / equity	0.382016	0.572025	+0.20
Shares outstanding	986.4M2016	990.6M2025	+0.0%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

TLK assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

TLK liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

TLK debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

TLK balance sheet in IDR

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	IDR 35.73T	IDR 35.03T	IDR 30.67T	IDR 32.88T	IDR 38.74T	IDR 21.82T	IDR 18.62T	IDR 18.60T	IDR 26.91T	IDR 31.00T
Cash & equivalents	IDR 34.49T	IDR 33.91T	IDR 29.25T	IDR 31.95T	IDR 38.31T	IDR 20.59T	IDR 18.24T	IDR 17.43T	IDR 25.14T	IDR 29.77T
Short-term investments	IDR 1.24T	IDR 1.12T	IDR 1.42T	IDR 936.00B	IDR 429.00B	IDR 1.23T	IDR 378.00B	IDR 1.16T	IDR 1.76T	IDR 1.23T
Receivables	IDR 14.04T	IDR 15.67T	IDR 13.93T	IDR 11.72T	IDR 11.72T	IDR 12.59T	IDR 13.08T	IDR 11.49T	IDR 9.22T	IDR 7.36T
Inventory	IDR 903.16B	IDR 1.10T	IDR 997.00B	IDR 1.14T	IDR 779.00B	IDR 983.00B	IDR 585.00B	IDR 717.00B	IDR 631.00B	IDR 584.00B
Other current assets	IDR 10.31T	IDR 11.30T	IDR 3.19T	IDR 9.31T	IDR 10.03T	IDR 11.14T	IDR 9.44T	IDR 12.47T	IDR 10.80T	IDR 8.75T
Total current assets	IDR 60.98T	IDR 63.09T	IDR 48.79T	IDR 55.06T	IDR 61.28T	IDR 46.53T	IDR 41.72T	IDR 43.27T	IDR 47.56T	IDR 47.70T
Property, plant & equipment (net)	IDR 193.88T	IDR 207.48T	IDR 203.34T	IDR 188.52T	IDR 178.54T	IDR 173.22T	IDR 155.81T	IDR 142.01T	IDR 131.52T	IDR 113.08T
Goodwill & intangible assets	IDR 9.26T	IDR 17.65T	IDR 16.84T	IDR 15.52T	IDR 14.90T	IDR 13.49T	IDR 9.58T	IDR 6.32T	IDR 5.05T	IDR 4.51T
Long-term investments	IDR 7.39T	IDR 8.34T	IDR 8.16T	IDR 8.65T	IDR 13.80T	IDR 4.24T	IDR 2.20T	IDR 2.66T	IDR 2.15T	IDR 1.85T
Other non-current assets	IDR 16.95T	IDR 3.12T	IDR 9.91T	IDR 7.44T	IDR 8.67T	IDR 8.39T	IDR 11.90T	IDR 11.94T	IDR 12.21T	IDR 12.48T
Total assets	IDR 288.45T	IDR 299.68T	IDR 287.04T	IDR 275.19T	IDR 277.18T	IDR 245.87T	IDR 221.21T	IDR 206.20T	IDR 198.48T	IDR 179.61T
Liabilities
Accounts payable	IDR 16.22T	IDR 15.34T	IDR 18.61T	IDR 18.46T	IDR 17.17T	IDR 17.00T	IDR 13.90T	IDR 14.77T	IDR 15.57T	IDR 13.52T
Short-term debt	IDR 30.62T	IDR 32.84T	IDR 25.50T	IDR 21.97T	IDR 22.33T	IDR 24.09T	IDR 18.21T	IDR 10.34T	IDR 7.50T	IDR 5.43T
Deferred revenue	IDR 9.49T	IDR 10.61T	IDR 6.85T	IDR 8.68T	IDR 9.21T	IDR 9.86T	IDR 8.64T	IDR 6.82T	IDR 6.67T	IDR 6.40T
Total current liabilities	IDR 74.13T	IDR 76.77T	IDR 71.57T	IDR 70.39T	IDR 69.13T	IDR 68.50T	IDR 58.37T	IDR 46.26T	IDR 45.38T	IDR 39.76T
Long-term debt	IDR 26.10T	IDR 43.99T	IDR 42.62T	IDR 41.07T	IDR 46.68T	IDR 40.78T	IDR 33.87T	IDR 33.75T	IDR 27.97T	IDR 26.37T
Lease obligations	IDR 24.49T	IDR 23.93T	IDR 20.30T	IDR 18.66T	IDR 16.39T	IDR 14.88T	IDR 4.66T	IDR 3.15T	IDR 3.80T	IDR 4.01T
Other long-term liabilities	IDR 37.33T	IDR 16.43T	IDR 16.29T	IDR 14.47T	IDR 15.97T	IDR 16.08T	IDR 11.72T	IDR 8.88T	IDR 13.00T	IDR 7.94T
Total liabilities	IDR 137.55T	IDR 137.19T	IDR 130.48T	IDR 125.93T	IDR 131.78T	IDR 125.36T	IDR 103.96T	IDR 88.89T	IDR 86.35T	IDR 74.07T
Shareholders' equity
Common stock & paid-in capital	IDR 4.96T	IDR 4.95T	IDR 4.95T	IDR 4.95T	IDR 4.95T	IDR 4.95T	IDR 4.95T	IDR 4.95T	IDR 5.04T	IDR 5.04T
Retained earnings (deficit)	IDR 106.86T	IDR 118.35T	IDR 111.85T	IDR 96.56T	IDR 89.25T	IDR 95.21T	IDR 76.15T	IDR 91.49T	IDR 69.56T	IDR 61.28T
Treasury stock	—	—	—	—	—	—	—	IDR 0	−IDR 2.54T	−IDR 2.54T
Accumulated other comprehensive income	IDR 16.89T	IDR 16.48T	IDR 16.23T	IDR 15.34T	IDR 15.34T	IDR 236.00B	IDR 15.34T	IDR 321.00B	IDR 15.34T	IDR 15.34T
Minority interest	IDR 19.55T	IDR 20.26T	IDR 20.66T	IDR 19.85T	—	—	—	IDR 0	IDR 0	IDR 0
Total shareholders' equity	IDR 131.00T	IDR 142.09T	IDR 156.56T	IDR 149.26T	IDR 145.40T	IDR 120.51T	IDR 117.25T	IDR 117.30T	IDR 92.71T	IDR 84.38T
Key figures
Total debt	IDR 75.09T	IDR 76.83T	IDR 68.12T	IDR 63.04T	IDR 69.08T	IDR 64.87T	IDR 52.08T	IDR 44.09T	IDR 35.47T	IDR 31.80T
Net cash (debt)	−IDR 39.36T	−IDR 41.81T	−IDR 37.46T	−IDR 30.16T	−IDR 30.34T	−IDR 43.05T	−IDR 33.46T	−IDR 25.49T	−IDR 8.56T	−IDR 798.00B
Working capital	−IDR 13.15T	−IDR 13.67T	−IDR 22.78T	−IDR 15.33T	−IDR 7.85T	−IDR 21.97T	−IDR 16.65T	−IDR 2.99T	IDR 2.19T	IDR 7.94T
Tangible book value	IDR 121.74T	IDR 124.45T	IDR 139.72T	IDR 133.74T	IDR 130.50T	IDR 107.02T	IDR 107.67T	IDR 110.98T	IDR 87.66T	IDR 79.88T
Shares outstanding	990.6M	990.6M	990.6M	990.6M	990.6M	990.6M	990.6M	990.6M	990.6M	986.4M
Current ratio	0.82	0.82	0.68	0.78	0.89	0.68	0.71	0.94	1.05	1.20
Quick ratio	0.67	0.66	0.62	0.63	0.73	0.50	0.54	0.65	0.80	0.96
Debt / equity	0.57	0.54	0.44	0.42	0.48	0.54	0.44	0.38	0.38	0.38
Equity / assets	45.4%	47.4%	54.5%	54.2%	52.5%	49.0%	53.0%	56.9%	46.7%	47.0%

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	IDR 56.48T	IDR 39.12T	IDR 35.47T	IDR 33.05T	IDR 34.43T	IDR 35.71T	IDR 35.19T	IDR 27.18T	IDR 28.12T	IDR 30.67T	IDR 30.67T	IDR 27.45T
Cash & equivalents	IDR 54.58T	IDR 37.55T	IDR 34.23T	IDR 31.55T	IDR 33.19T	IDR 34.41T	IDR 23.37T	IDR 24.54T	IDR 25.46T	IDR 29.25T	IDR 29.25T	IDR 25.91T
Short-term investments	IDR 1.90T	IDR 1.58T	IDR 1.24T	IDR 1.50T	IDR 1.24T	IDR 1.30T	IDR 1.28T	IDR 2.63T	IDR 2.67T	IDR 1.42T	IDR 1.42T	IDR 1.55T
Receivables	IDR 14.27T	IDR 14.33T	IDR 11.22T	IDR 17.36T	IDR 15.50T	IDR 17.87T	IDR 14.64T	IDR 18.35T	IDR 18.21T	IDR 13.93T	IDR 13.93T	IDR 12.93T
Inventory	IDR 788.00B	IDR 842.00B	IDR 901.00B	IDR 1.08T	IDR 979.00B	IDR 1.13T	IDR 1.10T	IDR 903.00B	IDR 1.04T	IDR 997.00B	IDR 997.00B	IDR 1.48T
Other current assets	IDR 9.39T	IDR 11.63T	IDR 14.19T	IDR 6.91T	IDR 9.47T	IDR 8.77T	IDR 12.15T	IDR 5.94T	IDR 7.37T	IDR 3.19T	IDR 3.19T	IDR 8.87T
Total current assets	IDR 80.93T	IDR 65.93T	IDR 61.78T	IDR 58.41T	IDR 60.38T	IDR 63.48T	IDR 63.08T	IDR 52.37T	IDR 54.73T	IDR 48.79T	IDR 48.79T	IDR 50.73T
Property, plant & equipment (net)	IDR 190.50T	IDR 182.48T	IDR 185.16T	IDR 197.11T	IDR 197.32T	IDR 198.88T	IDR 200.45T	IDR 198.67T	IDR 197.62T	IDR 203.34T	IDR 203.34T	IDR 191.57T
Goodwill & intangible assets	IDR 10.01T	IDR 18.55T	IDR 18.07T	IDR 18.59T	IDR 18.50T	IDR 18.23T	IDR 9.44T	IDR 17.86T	IDR 17.31T	IDR 16.84T	IDR 16.84T	IDR 16.48T
Long-term investments	IDR 6.74T	IDR 6.76T	IDR 7.39T	IDR 7.27T	IDR 7.37T	IDR 8.70T	IDR 8.34T	IDR 7.68T	IDR 7.31T	IDR 7.77T	IDR 8.16T	IDR 8.71T
Other non-current assets	IDR 14.91T	IDR 16.24T	IDR 14.88T	IDR 10.52T	IDR 10.23T	IDR 10.25T	IDR 18.37T	IDR 8.56T	IDR 9.01T	IDR 10.30T	IDR 9.91T	IDR 8.72T
Total assets	IDR 303.09T	IDR 289.95T	IDR 287.28T	IDR 291.90T	IDR 293.80T	IDR 299.55T	IDR 299.68T	IDR 285.13T	IDR 285.99T	IDR 287.04T	IDR 287.04T	IDR 276.21T
Liabilities
Accounts payable	IDR 13.34T	IDR 14.81T	IDR 16.83T	IDR 14.31T	IDR 12.76T	IDR 14.98T	IDR 15.34T	IDR 14.38T	IDR 14.99T	IDR 18.61T	IDR 18.61T	IDR 13.45T
Short-term debt	IDR 34.95T	IDR 26.73T	—	IDR 33.84T	IDR 41.26T	IDR 28.40T	IDR 11.53T	IDR 34.23T	IDR 40.44T	IDR 25.50T	IDR 25.50T	IDR 29.46T
Deferred revenue	IDR 8.29T	IDR 10.22T	—	IDR 10.60T	IDR 10.17T	IDR 10.66T	—	IDR 9.78T	IDR 10.06T	IDR 6.85T	IDR 6.85T	IDR 9.46T
Total current liabilities	IDR 102.36T	IDR 71.61T	IDR 74.30T	IDR 75.69T	IDR 85.00T	IDR 71.70T	IDR 76.77T	IDR 74.98T	IDR 83.17T	IDR 71.57T	IDR 71.57T	IDR 70.69T
Long-term debt	IDR 27.62T	IDR 24.54T	IDR 26.10T	IDR 43.83T	IDR 43.54T	IDR 40.76T	IDR 43.99T	IDR 38.91T	IDR 22.89T	IDR 25.68T	IDR 27.77T	IDR 39.54T
Lease obligations	IDR 23.97T	IDR 23.28T	IDR 24.49T	IDR 24.16T	IDR 23.91T	IDR 23.85T	IDR 23.93T	IDR 23.64T	IDR 22.51T	IDR 20.40T	IDR 20.30T	IDR 18.88T
Other long-term liabilities	IDR 38.26T	IDR 38.00T	IDR 37.17T	IDR 17.37T	IDR 16.89T	IDR 16.78T	IDR 16.44T	IDR 16.89T	IDR 32.65T	IDR 33.23T	IDR 31.14T	IDR 16.49T
Total liabilities	IDR 168.24T	IDR 134.15T	IDR 137.58T	IDR 136.88T	IDR 145.44T	IDR 129.24T	IDR 157.58T	IDR 130.78T	IDR 138.72T	IDR 130.48T	IDR 130.48T	IDR 126.72T
Shareholders' equity
Common stock & paid-in capital	IDR 4.95T	IDR 4.95T	—	IDR 4.95T	IDR 4.95T	IDR 4.95T	IDR 4.95T	IDR 4.95T	IDR 4.95T	IDR 4.95T	IDR 4.95T	IDR 4.95T
Retained earnings (deficit)	IDR 101.81T	IDR 102.20T	IDR 122.13T	IDR 104.33T	IDR 99.52T	IDR 115.40T	IDR 124.93T	IDR 103.20T	IDR 97.18T	IDR 111.85T	IDR 111.85T	IDR 98.03T
Accumulated other comprehensive income	IDR 10.75T	IDR 15.34T	—	IDR 15.34T	IDR 15.34T	IDR 15.34T	—	IDR 15.34T	IDR 15.34T	IDR 16.23T	IDR 16.23T	IDR 15.34T
Minority interest	IDR 16.52T	IDR 21.32T	IDR 19.55T	IDR 17.87T	IDR 16.22T	—	—	—	—	—	—	—
Total shareholders' equity	IDR 118.33T	IDR 134.49T	IDR 130.15T	IDR 137.14T	IDR 132.14T	IDR 148.12T	IDR 142.09T	IDR 135.70T	IDR 130.17T	IDR 135.74T	IDR 135.74T	IDR 130.69T
Key figures
Total debt	IDR 80.89T	IDR 68.73T	IDR 26.10T	IDR 77.68T	IDR 84.80T	IDR 69.16T	IDR 55.51T	IDR 73.14T	IDR 79.12T	IDR 68.12T	IDR 68.12T	IDR 69.00T
Net cash (debt)	−IDR 24.40T	−IDR 29.61T	IDR 9.37T	−IDR 44.62T	−IDR 50.37T	−IDR 33.45T	−IDR 20.32T	−IDR 45.96T	−IDR 50.99T	−IDR 37.46T	−IDR 37.46T	−IDR 41.55T
Working capital	−IDR 21.43T	−IDR 5.68T	−IDR 12.52T	−IDR 17.28T	−IDR 24.62T	−IDR 8.22T	−IDR 13.69T	−IDR 22.61T	−IDR 28.44T	−IDR 22.78T	−IDR 22.78T	−IDR 19.97T
Tangible book value	IDR 108.33T	IDR 115.94T	IDR 112.08T	IDR 118.55T	IDR 113.64T	IDR 129.89T	IDR 132.65T	IDR 117.84T	IDR 112.86T	IDR 118.90T	IDR 118.90T	IDR 114.21T
Shares outstanding	988.2M	989.6M	99.05B	990.6M	990.6M	990.6M	99.06B	990.6M	990.6M	990.6M	990.6M	990.6M
Current ratio	0.79	0.92	0.83	0.77	0.71	0.89	0.82	0.70	0.66	0.68	0.68	0.72
Quick ratio	0.69	0.75	0.63	0.67	0.59	0.75	0.65	0.61	0.56	0.62	0.62	0.57
Debt / equity	0.68	0.51	0.20	0.57	0.64	0.47	0.39	0.54	0.61	0.50	0.50	0.53
Equity / assets	39.0%	46.4%	45.3%	47.0%	45.0%	49.4%	47.4%	47.6%	45.5%	47.3%	47.3%	47.3%

Quarterly columns are labeled by the month the quarter ended. Figures in IDR as reported (latest annual report filed May 15, 2026); data from EODHD.

TLK financial position

At the end of fiscal 2025 (December 31, 2025), Perusahaan Perseroan PT Telekomunikasi Indonesia Tbk had total assets of IDR 288.45 trillion (down 3.7% from a year earlier), total liabilities of IDR 137.55 trillion and shareholders' equity of IDR 131.00 trillion. It held IDR 35.73 trillion in cash and short-term investments against IDR 75.09 trillion of debt, net debt of IDR 39.36 trillion. Its current ratio was 0.82. In the latest quarter (ended June 30, 2026) total assets were IDR 303.09 trillion and equity IDR 118.33 trillion.

Related: TLK income statement, TLK cash flow statement, TLK key metrics. See the TLK stock overview for the latest quote and news.

TLK balance sheet FAQ

What are Perusahaan Perseroan PT Telekomunikasi Indonesia Tbk's total assets?

Perusahaan Perseroan PT Telekomunikasi Indonesia Tbk reported total assets of IDR 288.45 trillion at the end of fiscal 2025 (December 31, 2025), compared with IDR 299.68 trillion a year earlier.

How much debt does Perusahaan Perseroan PT Telekomunikasi Indonesia Tbk have?

Perusahaan Perseroan PT Telekomunikasi Indonesia Tbk had IDR 75.09 trillion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.57.

How much cash does Perusahaan Perseroan PT Telekomunikasi Indonesia Tbk have?

Perusahaan Perseroan PT Telekomunikasi Indonesia Tbk held IDR 35.73 trillion in cash and short-term investments at the end of fiscal 2025; with IDR 75.09 trillion of debt that is net debt of IDR 39.36 trillion.

What is Perusahaan Perseroan PT Telekomunikasi Indonesia Tbk's book value?

Perusahaan Perseroan PT Telekomunikasi Indonesia Tbk's shareholders' equity (book value) was IDR 131.00 trillion at the end of fiscal 2025.

What is Perusahaan Perseroan PT Telekomunikasi Indonesia Tbk's current ratio?

Perusahaan Perseroan PT Telekomunikasi Indonesia Tbk had current assets of IDR 60.98 trillion and current liabilities of IDR 74.13 trillion, a current ratio of 0.82 (current liabilities exceed current assets).

How much goodwill does Perusahaan Perseroan PT Telekomunikasi Indonesia Tbk have?

Perusahaan Perseroan PT Telekomunikasi Indonesia Tbk carried IDR 9.26 trillion of goodwill and intangible assets, 3.2% of total assets, at the end of fiscal 2025.