Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal JURNAL AKUNTANSI, EKONOMI dan MANAJEMEN BISNIS
Eka Putri, Annisa Anindya
Unknown Affiliation
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Financial Ratio Analysis and Health Level of PT Wijaya Karya (Persero) Tbk Based on Altman Z-Score Eka Putri, Annisa Anindya; Resha Maielyana
Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis Vol. 13 No. 1 (2025): Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis - Juli 2025
Publisher : Politeknik Negeri Batam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30871/jaemb.v13i1.8560

Abstract

This study employs a quantitative descriptive approach to evaluate the financial performance and health of PT Wijaya Karya (Persero) Tbk. It involves analyzing the company's financial ratios, including profitability, liquidity, activity, and solvency ratios, using the financial statements available on the IDX website from 2020-2023. The company's health is assessed using the four-variable version of the Altman Z-Score method. The results indicate a declining trend in liquidity ratios, suggesting a reduced ability to meet short-term obligations. Fluctuations in solvency ratios imply increased risk or development through higher borrowing. Activity ratios reflect an overall increase, but with fluctuations in fixed asset utilization and collection efficiency. Profitability ratios demonstrate a downward trend over time. According to the Altman Z-Score analysis, the company faces a high risk of bankruptcy due to its vulnerable health level, necessitating immediate action to address this critical issue.
Co-Authors Resha Maielyana