<![CDATA[This study aims to analyze the financial performance of PT Semen Tonasa Pangkep for the period 2022–2024 using liquidity ratios, solvency ratios, and profitability ratios. The research method employed is a descriptive quantitative method with a financial statement analysis approach. The data analyzed consist of the company’s annual financial statements, which were then assessed using financial ratios including current ratio, quick ratio, cash ratio, debt-to-asset ratio, debt-to-equity ratio, net profit margin, return on investment, and return on equity. The results indicate that the financial performance of PT Semen Tonasa Pangkep in terms of liquidity is still less favourable, as the current ratio and quick ratio are below industry standards, although the cash ratio exceeds the standard. In terms of solvency, the company is in good condition since the debt-to-asset ratio is within the industry benchmark and the debt-to-equity ratio is far below the maximum threshold. However, in terms of profitability, the company has not yet been able to generate optimal profits, as all profitability ratios remain below industry standards. Overall, the financial condition of PT Semen Tonasa Pangkep can be categorized as relatively good in terms of solvency, but improvements in liquidity and profitability are necessary for the company to remain competitive in the future]]>
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