Solvency Ratio Research Articles

Analisis Rasio Keuangan Dalam Mengukur Kinerja Keuangan Pada PT. Garuda Food Putra Putri Jaya Tbk Tahun 2022-2023

This research aims to analyze financial ratios starting from liquidity ratios, solvency ratios, activity ratios and profitability ratios to measure financial performance at PT. Garuda Food Putra Putri Jaya Tbk. This research uses quantitative descriptive methods and the data used in this research is secondary data from PT's financial reports. Garuda Food Putra Putri Jaya Tbk in the period 2022 to 2023. The results of this research state that the financial performance of PT. Garuda Food Putra Putri Jaya Tbk in 2022-2023, if seen from the liquidity analysis, even though inventory management is very good, liquidity problems can affect the business's ability to meet short-term financial obligations, while the solvency ratio is still said to be not good because it has the value of assets financed by debt is quite high. in the activity ratio there are obstacles in optimizing asset use, which may reduce operational efficiency, even though working capital investment management is effective. If the company's profitability ratio is able to generate healthy profits from sales, increasing optimal profitability requires improvements in cost management, operational efficiency and use of capital.

Analis Rasio Keuangan Untuk Mengukur Kinerja Keuangan Pada PT. Astra Otoparts, Tbk Periode Tahun 2021-2023

Abstract : This study aims to assess the financial performance of PT Astra Otoparts Tbk from 2021 to 2023 using Liquidity, Solvency, Activity, and Profitability Ratios, based on secondary data from financial reports obtained from the IDX website. This study employs a qualitative descriptive method. The findings indicate that Liquidity Ratios and Solvency Ratios are below industry standards, reflecting an unhealthy financial condition, except for the Debt to Equity Ratio which is healthy. Activity Turnover Ratios in 2023 are also below industry averages, although Days of Receivable, Fixed Asset Turnover, and Working Capital Turnover in 2021-2022 show satisfactory conditions. Profitability Ratios, including Profit Margin on Sales, Net Profit Margin, and Return on Investment, remain below industry averages, indicating poor financial health.

Analysis of Profitability Ratios and Solvency Ratios on Financial Performance at PT Bank Negara Indonesia Tbk Listed on the Indonesia Stock Exchange (BEI) 2018-2022

Financial performance is one of the important factors in assessing a company's success, especially for public companies. PT Bank Negara Indonesia Tbk is one of the registered banking companies in the Indonesia Stock Exchange and has significant financial performance in the capital market. This study aims to analyze the profitability ratios and solvency ratios on the financial performance of PT Bank Negara Indonesia Tbk that is listed on the Indonesia Stock Exchange (BEI) for the period of 2018-2022. The data used in this research are the financial statements of PT Bank Negara Indonesia Tbk for the same period. The analysis methods that are used in this study are quantitative analysis. The research findings show that the profitability ratios, consisting of Return on Assets (ROA), Profit Margin, and Return on Equity (ROE), have a positive and significant effect on the financial performance of PT Bank Negara Indonesia Tbk. Meanwhile, the solvency ratios, consisting of Debt to Assets Ratio (DAR), Debt to Equity Ratio (DER), and Interest Coverage Ratio (ICR), have a negative and significant effect on financial performance. Based on the results, it can be concluded that PT Bank Negara Indonesia Tbk needs to pay attention to the profitability ratios and solvency ratios in maintaining its good financial performance. In terms of this, the company needs to maximize the use of its assets to increase its profitability and reduce its dependency on debt financing sources to uphold its healthy solvency.

Penilaian Tingkat Kesehatan Keuangan pada PT. Jasa Marga Persero Tbk Periode 2018–2022

Assessing the level of financial health of a company is an important thing that can help evaluate the company's current and past financial position and operating results. This also does not fail to happen to State-Owned Enterprises (BUMN). To measure financial performance or health, the Ministry of BUMN has regulated it and made it an assessment standard for BUMN, which is stated in the Decree of the Minister of BUMN No. KEP-100/MBU/2002. This research aims to analyze the financial statements for the 2018–2022 period of PT. Jasa Marga Persero Tbk based on the Ministerial Decree. This research uses quantitative data measured on a numerical scale. This research uses quantitative descriptive analysis, which explains the research results in the form of financial report data related to company performance. The data is in the form of accounting information which will then be analyzed using the necessary financial ratios and can show information regarding liquidity, solvency, activity and profitability. The research results show that the assessment of the health level of PT. Jasa Marga (Persero) Tbk. 2018–2022 based on the Decree of the Minister of BUMN No. KEP-100/MBU/2002, if seen from the profitability and the liquidity ratio is considered to be getting better, while the activity and solvency ratio is considered to be less good. Apart from that, the research results also showed that the level of financial health was “not healthy,” but in 2022 the health level of PT. Jasa Marga (Persero) Tbk improved to “healthy.”

Analisis Kinerja Keuangan pada Koperasi Usaha Warga Pupuk Kujang Periode 2018-2022

This research analyzes the financial performance of the Koperasi Usaha Warga Pupuk Kujang Cikampek during 2018–2022, focusing on financial ratios such as liquidity, solvency, profitability, and activity. Using a quantitative descriptive approach, the study employs annual financial data to identify trends and factors influencing performance. Findings reveal significant fluctuations in the cooperative's financial ratios over the examined period. While liquidity ratios fluctuate, solvency ratios show improvement over time, indicating efficient debt management and asset utilization. However, profitability ratios exhibit a declining trend, emphasizing the need for measures to enhance revenue generation and cost management. Meanwhile, activity ratios depict gradual improvement, indicating enhanced operational efficiency. The implications suggest the importance of careful monitoring, risk management, and strategic initiatives to ensure sustainable growth and financial stability for Koperasi Usaha Warga Pupuk Kujang Cikampek.

Analisis Rasio dan Penilaian Prestasi pada Perusahaan Tri Banyan Tirta Tbk Periode 2020-2022

A company performance evaluation report is a document used to assess and analyze the operational, financial, and strategic performance of a company over a certain period. This report typically covers various aspects such as sales, profits, productivity, efficiency, and the achievement of company goals. This research aims to determine the financial performance of the company evaluated through financial ratio analysis, which includes liquidity ratios, solvency ratios, profitability ratios, and activity ratios of PT. Tri Banyan Tirta Tbk from 2020 to 2022. The data collection technique is conducted through literature study, which involves searching for information sources related to ratio analysis and literature review on PT Tri Banyan Tirta Tbk. The results of this analysis based on liquidity ratios, viewed from the current ratio and quick ratio, indicate that the company's financial performance is considered poor. Based on solvency ratios, viewed from the debt to assets ratio and debt to equity ratio, the company's financial performance is considered poor. Based on profitability ratios, viewed from the net profit margin, Return on Assets, and Return on Equity, the company's financial performance is considered very poor. The results of this study indicate that the company's financial performance declined during the research period. Therefore, efforts are needed to improve the company's financial performance in implementing business strategies

Pengaruh Rasio Likuiditas, Rasio Solvabilitas, Rasio Profitabilitas, dan Rasio Aktivitas Terhadap Perubahan Laba Pada Industri Farmasi

This study aims to examine how influential the Liquidity Ratio, Solvency Ratio, Liquidity Ratio and Profitability Ratio have on Profit Changes in the Pharmaceutical Industry Listed on the Indonesian Stock Exchange in 2016-2020. This type of research is quantitative by taking data on company financial reports that have been published on the Indonesia Stock Exchange. The theory used in this research is Signaling Theory. The sampling method used purposive sampling technique. The samples used in this study were 10 pharmaceutical companies listed on the Indonesia Stock Exchange. With a total of 50 data with a period of 5 years. The analytical method used is multiple linear analysis supported by IBM SPSS Statistics version 25. The results of this study indicate that the Activity Ratio variable has an effect on earnings changes. However, the Profitability Ratio has a negative effect on Profit Changes, while the Liquidity Ratio and Solvability Ratio have no effect on Profit Changes at all.

DO FUNDAMENTAL FINANCIAL RATIOS AFFECT THE COMPANY'S STOCK PRICE? INDONESIA EVIDENCE

The objectives of this research aims to examine the effect of corporate fundamental financial ratios on stock prices and to examine whether firm age determine stock prices in the perspective of signaling theory. Here Generalized Least Squares (GLS) approach was used as the main analysis technique, and Ordinary Least Squares (OLS) was incorporated for the robustness test. The research was conducted on companies listed on the Indonesia Stock Exchange during the 2014-2020 period. This study finds that return on assets, solvency ratio, and Tobin's Q positively affect stock prices, that cash ratio has a negative effect on stock prices, and that, interestingly, older companies convey better signals than the younger ones. These findings can assist investors in making quality decisions and company managers in making consideration for developing company strategies. Further, this study comprehensively analyzes the effect of corporate financial ratios on stock prices using the perspective of signaling theory and Modigliani-Miller theory looks at the differences between older and younger companies.

Analisis Kinerja Keuangan Perusahaan Industri Sub-Sektor Farmasi yang Tercatat pada Indonesia Stock Exchange (IDX)

This research aims to evaluate end clarify variations in financial overall effectiveness prior to , all through and after COVID-19, in pharmacological commercial agencies indexed at the Indonesia Stock Change (IDX). Research used is quantitative studies. This studies method is comparative information. The population in this study was 288 populations. Providing secondary information with a sampling approach using purposive sampling with a sample size of 240 samples. This research technique is comparative statistics. Data testing was carried out only using the anova examination method which was calculated using the Statistical Bundle Social Sciences (SPSS) software program. The Result of this research show that there are not any good sized differences in liquidity ratios before, at some point of and after COVID-19. There are not any great differences in profitability ratios before, for the duration of and after COVID-19. The solvency ratio remains relatively consistent before, during, and after the impact of COVID-19, without any significant variations. There are good sized variations in interest ratios before, at some stage in and after COVID-19. So only the interest ratio is one of a kind earlier than, at some point of and after COVID-19. this is due to a lower overall asset turnover which isn't utilized optimally and does no longer make a contribution to earnings. aside from that, there are rules at some stage in COVID-19 which mean that companies cannot manage their property optimally and demand for purchasing strength has reduced.

FINANCIAL RATIO ANALYSIS AS A TOOL FOR MEASURING FINANCIAL PERFORMANCE IN PT. BATURAJA CEMENT (PERSERO)

The financial performance of PT Semen Baturaja (Persero) for the period 2020-2022 needs to be evaluated to determine the effectiveness of management in managing the company's finances. The purpose of the study is to measure the financial performance of PT Semen Baturaja (Persero) through financial statement analysis over the period 2020, 2021, and 2022. This study uses various types of financial ratios such as Liquidity, Solvency, and Profitability. The research method used is qualitative with a quantitative approach. The data used is sourced from the financial statements of PT Semen Baturaja (Persero) Tbk for the years 2020, 2021, and 2022, obtained from the Indonesia Stock Exchange. The analysis results show that the company has good liquidity because current assets are higher than current liabilities. The solvency ratio level is quite healthy. Although the Debt to Asset Ratio (DAR) indicates high debt, the low Debt to Equity Ratio (DER) values show that most of the assets are still funded by equity. The company's profitability level is less healthy. Although the Gross Profit Margin (GPM) shows positive results and is higher than the industry average, other ratios such as Operating Profit Margin (OPM), Net Profit Margin (NPM), Return on Assets (ROA), and Return on Equity (ROE) indicate that the company has significant room for improvement in operational efficiency, cost management, and optimization of asset and equity utilization. Keywords: Analysis, Liquidity, Solvency, Profitability

The Analysis of Financial Performance of Tourism Sector Company Listed on the Indonesian Stock Exchange Before and During the COVID-19 Pandemic

This study aims to analyze the financial performance of the hotel, restaurant, and tourism sub-sectors listed on the Indonesia Stock Exchange (IDX) before and during the COVID-19 pandemic. Financial performance is measured by using the ratio of liquidity (CR), solvency, activity (DER), activity ratio (TATO), and profitability (ROA). The data used are secondary data obtained from the official website of IDX in 2018-2021. The population of this study is 38 companies and the number of research samples is 26 companies, which were obtained through purposive sampling in 2018-2021. The analytical method used is descriptive statistical test, data normality test, and Wilcoxon signed rank test. The results of this study show that CR and DER both increased during the pandemic compared to before, while TATO and ROA decreased. The decline in TATO is attributed to inefficient asset allocation, and the lower ROA is due to ongoing operating costs during the pandemic. In summary, there are differences in CR, DER, TATO, and ROA of hotel, restaurant, and tourism subsector companies that are listed on the IDX between before and during the COVID-19 pandemic

The Effect of Solvency Ratio and Profitability on The Financial Performance of PT Charoen Pokphand Indonesia Tbk

The purpose of this study is to effect solvency ratio and profitability on financial performance of PT Charoen Pokphand Indonesia Tbk. Descriptive research using a qualitative approach is the type of research used in this study. Based on the results of the study, the financial performance of PT Charoen Pokphand Indonesia Tbk during the period 2021 to 2023 illustrates extraordinary achievements in terms of profitability, efficiency of asset use, and debt management. During the period, the company managed to increase its net profit margin from 10% to 40%, indicating excellent financial performance. Return on Assets (ROA) increased from 7% to 34%, indicating improved efficiency in asset use. The suggestion proposed is to continue to monitor and improve the efficiency of asset use, as well as consider investments that can increase asset returns. Return on Equity (ROE) also experienced a significant increase from 8% to 42%, demonstrating the company's ability to generate high returns on equity.

FINANCIAL PERFORMANCE ANALYSIS OF PT. INDORITEL MAKMUR INTERNATIONAL TBK, ON THE INDONESIAN STOCK EXCHANGE Ismah1), Muryani Arsal 2) Nasrullah3)

The aim of this research is to determine the comparison of financial performance as measured through financial ratio analysis, which consists of: Liquidity Ratios With Indicators Current Ratio, Cash Ratio,Working Capital To Asstes, Solvency Ratios With Indicators Debt Ratio,Debt Ratio, Debt To Equity Ratio, Activity Ratios With Indicators Total Asset Turnover, Receivable Turnover, Working Capital Turnover, And Profitability Ratios With Profit Indicators, Margin. Return On Investment, Return On Equity. The objek of research is PT. Indoritel Makmur Internasional Tbk. The type of research carried out is quantitative. The results of this research show the financial performance of PT. Indoritel Makmur Internasional, Tbk on the indonesia stock exchange 2019-2023. The liquidity value decreases, the solvency ratio value decreases, the activity ratio decreases, the profitability ratio is constant. The results of this research can be used by PT. Indoritel Makmur Internasional, Tbk to evaluate financial performance, espacially those experiencing decline.

Pengaruh Likuiditas dan Solvabilitas Terhadap Perubahan Laba Pada Perusahaan Manufaktur (Studi Empiris Pada Sektor Aneka Industri)

Liquidity ratios and solvency ratios are measurements to determine the extent of changes in profits in a company. This research was conducted in manufacturing companies in various industrial sectors that are registered on the IDX. In a research, there must be a research method in it, the method used in this research is the liquidity ratio to measure the Current Ratio (current assets) and the Debt to Equity Ratio which is used to determine the comparison between the recapitulation of company debt and company capital, the technique used to take samples namely purposive sampling. Hypothesis testing in this research was carried out using multiple linear regression analysis techniques. The conclusion that can be drawn from the results of this research is that the Current Ratio score influences changes in profit as evidenced by a significant value of 0.008 < 0.05. Meanwhile, the Debt to Equity Ratio has a value of 0.055>0.05, which means that the debt to equity ratio has no significant impact on changes in profits. Simultaneously, the current ratio and debt to equity ratio have a significant impact on changes in profit.

Pandemic Unveils Transportation Sector's Financial Resilience

This study investigates the financial performance of transportation and logistics companies listed on the Indonesia Stock Exchange (IDX) during the period of 2017-2022, specifically focusing on the impact of the Covid-19 pandemic. Analyzing key financial ratios including Return On Assets (ROA), Current Ratio (CR), Debt To Equity Ratio (DER), and Total Asset Turnover (TATO), the research aims to identify differences in performance before and during the pandemic. Utilizing a comparative research design and employing the Wilcoxon signed rank test for data analysis, findings reveal a significant decrease in Total Asset Turnover during the pandemic, indicating decreased asset efficiency. However, no significant differences were observed in ROA, CR, and DER, suggesting relatively stable profitability, liquidity, and solvency ratios despite the challenges posed by the pandemic. These results offer valuable insights for industry stakeholders, policymakers, and investors, aiding in strategic decision-making and resilience planning for future crises. Highlight: Examines financial performance of transportation companies during Covid-19 pandemic. Significant decrease in Total Asset Turnover (TATO) during pandemic. Stability observed in ROA, CR, and DER despite pandemic challenges. Keyword: Transportation industry, Financial performance, Covid-19 pandemic, Indonesia Stock Exchange (IDX), Comparative research.

Analisis Rasio Likuiditas, Solvabilitas dan Profitabilitas Terhadap Kinerja Keuangan

This research was conducted to finding out how big a percentage of PT's financial performance is. Mayora Indah Tbk. using Liquidity, Solvency and Profitability ratios for the 2020-2022 period. The nature of the research in this research is qualitative research. In this research, the data used in the annual financial reports of PT. Mayora Indah Tbk. 2020-2022 period. The population in this research is all assets, equity and income of PT. Mayora Indah Tbk. The sampling technique used in this research used purposive sampling. The data collection method used by the author is using internet research data collection methods, namely collecting indirect observation data by collecting data from PT's annual financial reports. Mayora Indah Tbk. 2020-2022 period. The results of this research show that the liquidity ratio as measured using the current ratio and quick ratio shows good results for company performance, the solvency ratio as measured using the Debt to Asset Ratio is 43% for 2020 and in 2021, 2022 is 42%, and Debt to equity ratio was 73.5% in the 2020 and 2022 periods, while in 2021 it was 75.35.

Pengaruh Rasio Keuangan Terhadap Financial Distress Pada Perusahaan Manufaktur Yang Terdaftar Di Jakarta Islamic Index 70 (JII70) Periode 2018-2021

Financial management is very important and vital for a company to maintain its business continuity and avoid financial distress. Financial distress is a condition of financial difficulties that can cause bankruptcy in a company which can be characterized by low financial ratios. This quantitative study aims to determine the effect of financial ratios on financial distress partially and simultaneously on the financial distress conditions of manufacturing companies listed on the Jakarta Islamic Index 70 (JII70) during the 2018-2021 period. This research involved 48 annual financial reports from 12 manufacturing companies in JII70 during the 2018-2021 period obtained from a purposive sampling technique. Data analysis used panel data regression which was processed using Eviews12 software. The results of this study indicate that financial ratios consisting of liquidity, solvency, activity and profitability ratios significant effect on financial distress. Then partially, the liquidity ratio and activity ratio have a positive and significant effect on financial distress. The solvency ratio has a negative and significant effect on financial distress. Meanwhile, the profitability ratio has no effect on financial distress. Following up on the findings of this study, companies need to pay attention to their financial ratios so they can avoid financial distress.

PENGARUH MANAJEMEN LABA DAN RASIO KEUANGAN PERUSAHAAN TERHADAP NILAI PERINGKAT OBLIGASI

This research aims to analyze the influence of earnings management and financial ratios on bond rating values (Study of companies listed on the Indonesian Stock Exchange for the 2022 period). This type of research is associative research. The population in this study were 44 financial companies that issued bonds. Sampling in this study used a purposive sampling method with certain criteria, namely 44 bond issuing companies. The research variables in this study use Earnings Management proxied by Estimated Management Accruals (EDAit) and Solvency Ratio proxied by Debt to Equity Ratio (DER) and Activity Ratio proxied by Total Asset Turnover (TAT) as an independent variable, and Bond Rating Value as a variable dependent. The analysis method in this research uses Logistic Regression analysis techniques. The results of this research show that Earnings Management (EDAit) has no effect on the Bond Rating Value, the Solvency Ratio (DER) has a positive and significant effect on the Bond Rating Value, and the Activity Ratio (TAT) has no effect on the Bond Rating Value.

ANALISIS LAPORAN KEUANGAN UNTUK MENGUKUR KINERJA KEUANGAN PT BANK RAKYAT INDONESIA (PERSERO) TBK

This study aims to determine the financial performance of PT Bank Rakyat Indonesia (Persero) Tbk using the rations of liquidity, profitability, and solvency. This type of research is a type of quantitative descriptive analysis research with data collection techniques used are documentation and literature study. The data analysis techniques used is the analysis of liquidity, solvency, and profitability rations. The sample in this study is the balance sheet and profit/loss statement for the last 4 years published from the official website www.bri.co.id for the period 2019 to 2022. the result showed that the liquidity rations, namely the quick ratio, asset to loan ratio, and loan to deposit ratio (LDR) were in very good condition in accordance with BI standarts. In the profitability ratio, namely net profit margin, return on asset, and return on equity in a very good condition in accordance with BI satndarts. And in the solvency ratio, namely the primary ratio, capital ratio, and capital adequacy ratio (CAR) in very good condition in accordance with BI standarts.

일본 손해보험산업의 재무성과 분석에 관한 연구

Purpose: This study examines financial performance of the Japanese non-life insurance industry comparing USA and Korean non-life insurance industry by using the A.M. Best’s rating technique. We also aim to contribute to an improved understanding of the relationship between growth, efficiency, profitability, safety, and liquidity in Japanese non-life insurance industry. Research design, data, and methodology: We conduct factor analysis to measure the validity of key variable factors of property-liability insurers in Japan, USA, and Korean for the 2010 to 2019 time period. After factor analysis, we also calculate total score of each non-life insurance industry and compare total scores without weighting value by using principal component analysis. Also, we analyze the relationship among these variables and the interdependence between profitability and safety by using a multiple linear regression analysis. Implications: Three findings are highlighted as follow: First, the correlation coefficient in the Japan general insurance industry represents the linear relationship between variables. It can be seen that profitability has a positive relationship with growth of the premium, asset size of the Japanese non-life insurance industry, and liquidity and it has a negative relationship with safety and efficiency. The highest correlation among the variables occurs between profitability and safety because less profitable insurers are more willings to take risks. Second, there is strong relationship between profitability and safety, which is signifiant at 0.01 level in the Japan general insurance industry. We conclude that insurers with a higher solvency ratio should show a better profitability than other peers. Finally, Japan non-life insurance has good level of efficiency, safety, and liquidity, the growth and profit performance shows the margin(below) of average level, it should improve profitability and growth areas in order to take comparative advantages in a competitive global general insurance industry.