Moneter : Jurnal Ekonomi dan Keuangan
Vol. 4 No. 3 (2026): Juli : Moneter : Jurnal Ekonomi dan Keuangan

Analysis of Financial Statements Using Solvency Ratios to Assess Financial Stability

Lucia Chandra Dewi (Unknown)
Andi Santoso (Unknown)
Noor Azizah (Unknown)
Totok Adi Prasetyo (Unknown)



Article Info

Publish Date
20 Jul 2026

Abstract

This study aims to analyze the use of solvency ratios in assessing the financial stability and long-term financial performance of companies. A quantitative descriptive approach was employed using secondary data obtained from the 2024 consolidated financial statements of PT Telkom Indonesia (Persero) Tbk. The analysis focuses on four key solvency indicators: Debt to Asset Ratio (DAR), Debt to Equity Ratio (DER), Long-Term Debt to Equity Ratio (LTDER), and Times Interest Earned (TIE). These ratios were selected because they provide comprehensive information regarding a company’s capital structure, debt management, and ability to fulfill long-term financial obligations. The results show that the company recorded a Debt to Asset Ratio of 45.77%, a Debt to Equity Ratio of 84.42%, a Long-Term Debt to Equity Ratio of 37.18%, and a Times Interest Earned ratio of 8.25 times. These findings indicate that PT Telkom Indonesia (Persero) Tbk maintains a relatively healthy capital structure, a well-controlled level of long-term debt, and a strong capacity to meet interest payment obligations through operating income. Therefore, solvency ratio analysis can serve as an effective tool for evaluating financial resilience, supporting strategic business decision-making, and providing valuable insights for investors, creditors, and other stakeholders in assessing the company’s long-term financial sustainability.

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