ANALISIS KINERJA KEUANGAN DITINJAU DARI TINGKAT RASIO LIKUIDITAS, SOLVABILITAS, DAN PROFITABILITAS PADA PT. PERUSAHAAN LISTRIK NEGARA (PERSERO)

Abstract

The purpose of this study is to determine and analyze the growth of the financial performance of PT. PLN (Persero) in the period 2015 – 2020 in terms of the liquidity ratio using indicators (current ratio and quick ratio), solvency ratio using indicators (total debt to equity ratio and total debt to total asset ratio), and profitability ratios using indicators (return on equity, net profit margin, and return on assets.

The theoretical basis used in this research is financial management, which includes the understanding and functions of financial management, financial statement analysis, financial performance, financial ratios, and financial ratio analysis.

The analytical tool used in this research is the liquidity ratio, namely the current ratio and the quick ratio. The solvency ratio is the total debt to equity ratio and the total debt to total asset ratio. Profitability ratios are return on equity, net profit margin, and return on assets.

The results of this study indicate the financial performance of PT. PLN (Persero) for the period 2015 - 2020 for the liquidity ratio, the current ratio did not experience growth because it had a fluctuating value which tends to decrease, slightly different from the Quick Ratio which experienced growth despite fluctuating but at the end of 2020 it had a slightly higher value than the period start of calculation. The solvency ratio calculated by the total debt to equity ratio and the total debt to asset ratio grew even though it had experienced a drastic decline in 2016 but after that it increased from 2017 to 2019 although in the end it decreased in 2020. The profitability ratio calculated by return on equity, net profit margin, return on assets did not experience growth, indicated by a decrease in net profit due to the company's increased financial burden