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All Journal MIX : Jurnal Ilmiah Manajemen Jurnal EMT KITA Syntax Literate: Jurnal Ilmiah Indonesia SEIKO : Journal of Management & Business Ecobisma (Jurnal Ekonomi, Bisnis dan Manajemen) TIN: TERAPAN INFORMATIKA NUSANTARA Economics and Digital Business Review Economics, Business and Management Science Journal Manajemen dan Bisnis JRMB (JURNAL RISET MANAJEMEN & BISNIS) East Asian Journal of Multidisciplinary Research (EAJMR) Jurnal Ilmiah Manajemen dan Bisnis (JIMBI) EDUCTUM: Journal Research Journal of Islamic Economics and Business Eduvest - Journal of Universal Studies Regress: Journal of Economics & Management Riwayat: Educational Journal of History and Humanities Journal of Management and Economics Research
Pane, Sri Gustina
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Journal : EDUCTUM: Journal Research

 1 
Liquidity Ratio and Solvency Ratio Analysis to Assess the Company's Financial Performance at PT. Wahana Pronactural Tbk for the Period 2019 – 2023 Ningsih, Suci Cahya Widya; Pane, Sri Gustina; Rangkuti, Lusi Elviani
EDUCTUM: Journal Research Vol. 4 No. 4 (2025): Eductum: Journal Research
Publisher : Lembaga Riset Mutiara Akbar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56495/ejr.v4i4.1161

Abstract

This study aims to analyze liquidity and solvency ratios as tools for assessing the financial performance of PT Wahana Pronatural Tbk during the 2019–2023 period. The method used is descriptive quantitative, utilizing secondary data from the financial statements of companies listed on the Indonesia Stock Exchange. The ratios analyzed include the current ratio, quick ratio, and cash ratio to measure liquidity, as well as the debt-to-asset ratio (DAR) and debt-to-equity ratio (DER) to assess solvency. The analysis results show that the average current ratio of 212% reflects good liquidity. However, the quick ratio of 147% and the cash ratio of 20% indicate suboptimal conditions because they are below industry standards, caused by a decrease in cash and receivables and an increase in current liabilities from year to year. Meanwhile, the solvency aspect shows a significant increase in the company's debt since 2021, with a DAR of 29% and a DER of 43%. Despite the increase in financial risk, the company is still considered capable of meeting its short-term and long-term obligations. These findings are expected to provide evaluation material for management in efforts to improve the company's efficiency and financial stability.
Working Capital and Solvency Analysis to Increase Profitability at PT Perusahaan Gas Negara Tbk for the 2019-2023 Period Safira, Eka; Pane, Sri Gustina; Lubis, Farida Khairani
EDUCTUM: Journal Research Vol. 4 No. 4 (2025): Eductum: Journal Research
Publisher : Lembaga Riset Mutiara Akbar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56495/ejr.v4i4.1162

Abstract

The purpose of this study is to determine and analyze working capital and solvency in increasing the profitability of PT Perusahaan Gas Negara Tbk. The data analysis technique used is descriptive analysis. Data collection techniques were carried out through documentation studies and literature studies. The data used in this study are secondary data obtained from the annual financial statements of PT Perusahaan Gas Negara Tbk listed on the Indonesia Stock Exchange (IDX). Based on the results of the study, it is known that the company's net working capital fluctuated and at the end of the period there was a sharp decline. This decline was caused by a greater increase in current liabilities compared to the increase in current assets. The solvency ratio can be said to be quite good, although a high debt to equity ratio (DER) is not ideal, because a higher DER indicates that the company's funding comes more from debt. However, the decreasing value of the debt to asset ratio (DAR) indicates that the company is able to reduce its dependence on debt.
Co-Authors Adriyanto, Hasri Agusnarya, Luther Asyira, Nurul Bangun, Mira Srinina Beby Karina Fawzeea Sembiring Depari, Emenda Tinalyta Didik Darmawan, Didik Eddi Suprayitno Efdiono, Efdiono Fauzi, Ismart Harahap, Seri Devi Hasibuan, Lena Melyana Hasibuan, Nurul Febriyana Luhty Hasibuan, Zul Henry Awal Helmi, Tengku Ahmad Hendrian Hendrian, Hendrian Herbert P.A Butar-Butar, Rio Hot Tua Siboro, Ricardo Maruba Hutapeya, Rico Marcahaya Irawan, Dodi Iriani Iriani Iwan Kristoni Napitupulu, Iwan Kristoni Kusuma, Fandi Lubis, Farida Khairani Lubis, Hasrita Lubis, Rahma Padilah M Tahir Marbun, David Christian Marpaung, Rahmad Yani Martunis Meutia, Meutia Muslim Muslim Nasti, Nilawati Nasution, Mahdayani Ningsih, Suci Cahya Widya Nur M Ridha Tarigan Nur Rizki Panjaitan, Gresnani Panjaitan, Hesty Triana Paradiba, Ananda Pinem, M. Nelson Purba, Rafles Ricadson Purtaminingsih, Endang Putra, Rici Santridin Putri Handayani Rahmad, Juhari Rangkuti, Lusi Elviani Rika Mayasari Riza, Tauviq Sadly, Effendy Sadly, M. Khairul Imam Safira, Eka Safrida Safrida Shiddiq, Ady Akmal Shine Pintor Siolemba Patiro Sianturi, Purwanto Silvia, Yunita Simanjuntak, Nelly Agustini Sinurat, Jekinya Andi S. Siregar, Anggun Oktaviani Siregar, Nurul Khadijah Siregar, Rahayu Marsellyna Siregar, Suryani Sitti Aminah Situmorang, Beringin Raja Sonata, Ilham Sormin, Feddy Agustinus SRI RAHAYU Sunarya Sunarya Suprayitno, Eddi Tambunan, Cherish Rosari Teuku Mirza, Teuku Thaha, Rahmawati WAHYU HERMAWAN, WAHYU Wahyudi, Hendy Wahyuni, Neni Sri Wasesa, Supar Yulianto Yulianto Yusriani, Sri Yusrita, Yusrita Zenni Riana ZUWANDA, ARI