Abstract
This study aims to measure the financial performance of PT AKR Corporindo Tbk's 2015-2019 financial statements by using the solvency ratio. The method in this research is quantitative. The subject in this study is the financial statements of PT AKR Corporindo Tbk in 2015-2019 using the solvency ratio. The results of this study indicate that the assessment of financial performance at PT. AKR Corporindo Tbk, for the debt to asset ratio is considered not good because it exceeds the industry average standard that has been set, the debt to equity ratio is considered healthy even though it exceeds the industry average standard, because large funds are obtained from short-term debt, namely debt business, and the long term debt to equity ratio is also considered good because it is below the industry average standard. The results of this study indicate that the solvency ratio at PT AKR Corporindo Tbk has decreased and increased according to industry standards.
Highlights
Era of globalization, many companies are engaged in the supply of services to assist the operation of production activities
Based on the results of research carried out using the solvency ratio, the following conclusions can be drawn— assessment of financial performance taken from the financial statements of PT
AKR Corporindo Tbk. 2015-2019 is considered less suitable, it has decreased because it exceeds the industry average standard— assessment of financial performance taken from the financial statements of PT
Summary
Many companies are engaged in the supply of services to assist the operation of production activities. The company itself is a place where production activities occur and the gathering of all factors of production. Providing quality services is closely related to resource management, namely financial management, human resources, and the provision of complete facilities and infrastructure. Economic developments in the current era make more interested parties think more creatively in following the development of financial information. The company is the one that provides information about the finances, namely the financial statements used by the company concerned to report its financial condition to parties in need, which are primarily for investors, creditors, and the company's management. The company must be more transparent and complete in presenting its financial statements
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