Merdeka Copper Gold (MDKA) Financial Ratio Screen

JKT Basic Materials Indonesia IDR 78863703M
RATIOS FAIL*
Automated financial screen · activity assessed separately
Merdeka Copper Gold (MDKA) is potentially non-compliant in the automated ratio model. The company's debt ratio of 32.9% exceeds the 30% MSCI new-inclusion threshold relative to total assets. Merdeka Copper Gold operates in the Basic Materials sector.

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MSCI new-inclusion financial-ratio snapshot

MDKA financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
32.9%
Fail vs 30%
Cash ratio
9.0%
Pass vs 30%
Receivables + cash
12.4%
Pass vs 30%
Impermissible income
0.5%
Pass vs 5%

Calculation date: 2026-08-31. Financial period used: December 2024. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria passedActivity is assessed separately
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2024Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Other Industrial Metals & Mining) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: PT Merdeka Copper Gold Tbk engages in the mining activities in Indonesia. It explores for gold, silver, copper, and other related minerals. The company holds interests in the Tujuh Bukit Copper project; Pani Gold project; Tujuh Bukit Gold project; Merdeka Battery Materials project; and Wetar Copper project. It is also involved in metal manufacturing and trading services business; mining and construction services business; own and lease real estate business; business consulting and business broker services business, as well as consulting management activities. The company was formerly known as PT Merdeka Sera and changed its name to PT Merdeka Copper Gold Tbk in December 2014. PT Merdeka Copper Gold Tbk was founded in 2012 and is headquartered in Jakarta, Indonesia.

Sources to verify: Secondary company profile and classification · Issuer website

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2024

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 32.9%
/ 30%
9.0%
/ 30%
12.4%
/ 30%
0.51%
/ 5%
RATIOS FAIL*
FTSE 32.9%
/ 33%
9.0%
/ 33%
12.4%
/ 50%
0.51%
/ 5%
FINANCIAL SCREEN PASSED*

Financial Highlights

EPS
$-15.83
P/B Ratio
92285.7
EV/EBITDA
196018.1
EV: $78.9T
Revenue
$2.2B
Growth: -24.6%
Beta
1.2
High volatility
Current Ratio
1.0

Profitability

Gross Margin 12.1%
Operating Margin 9.9%
Net Margin -1.3%
Return on Equity (ROE) 1.5%
Return on Assets (ROA) 1.9%

Cash Flow & Balance Sheet

Free Cash Flow-$272M
Total Debt$1.7B
Debt-to-Equity67.0
Current Ratio1.0
Total Assets$5.2B

Price & Trading

Last CloseIDR 3,240.00
50-Day MAIDR 3,315.60
200-Day MAIDR 2,576.38
Avg Volume106.8M
Beta1.2
52-Week Range
IDR 1,040.00
IDR 3,960.00

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2024. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Merdeka Copper Gold (MDKA)

CEO
Mr. Albert Saputro
Employees
9,796
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Country
Indonesia
Exchange
JKT
Market Cap (listing currency)
IDR 78863703M
Currency
IDR

PT Merdeka Copper Gold Tbk engages in the mining activities in Indonesia. It explores for gold, silver, copper, and other related minerals. The company holds interests in the Tujuh Bukit Copper project; Pani Gold project; Tujuh Bukit Gold project; Merdeka Battery Materials project; and Wetar Copper project. It is also involved in metal manufacturing and trading services business; mining and construction services business; own and lease real estate business; business consulting and business broker services business, as well as consulting management activities. The company was formerly known as PT Merdeka Sera and changed its name to PT Merdeka Copper Gold Tbk in December 2014. PT Merdeka Copper Gold Tbk was founded in 2012 and is headquartered in Jakarta, Indonesia.

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Frequently Asked Questions

Is Merdeka Copper Gold (MDKA) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Merdeka Copper Gold's debt ratio?

Merdeka Copper Gold's debt ratio is 32.9% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Merdeka Copper Gold's key financial metrics?

Merdeka Copper Gold has a market capitalization of IDR 78863703M in its listing currency, and revenue of $2.2B. The company maintains a gross margin of 12.1% and a net margin of -1.3%. Return on equity stands at 1.5%.

How often is the screening data updated?

Calculation date: 2026-08-31. Financial period: December 2024. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.