Nomico
Vol. 3 No. 5 (2026): Nomico-June

Analysis of Liquidity, Solvability, and Profitability Levels as a Tool for Assessing the Financial Performance of PT. Megapower Makmur TBK

Ainur Rahmah Julista (Bina Sarana Informatika University)
Apriliana Apriliana (Bina Sarana Informatika University)
Dian Pratika Sari (Bina Sarana Informatika University)
Herlin Febrian (Bina Sarana Informatika University)
Jini Liana (Bina Sarana Informatika University)
Windi Windi (Bina Sarana Informatika University)
Herayati Herayati (Bina Sarana Informatika University)



Article Info

Publish Date
30 Jun 2026

Abstract

  This study aims to evaluate the financial performance of PT Megapower Makmur Tbk. (MPOW) in the 2022–2024 period using Liquidity ratio analysis (Current Ratio and Quick Ratio), Solvency (Debt to Asset Ratio and Debt to Equity Ratio), and Profitability (Return on Assets and Return on Equity). The method applied is descriptive quantitative, utilizing secondary data from the IDX Financial Report. The results show that the company's liquidity level is in poor condition, because current assets are insufficient to meet its short-term liabilities (CR and QR are far below the industry standard of 200% and 100%). In terms of solvency, the company shows a continuous improvement trend with a decrease in DAR and DER values, indicating that dependence on debt is decreasing. Meanwhile, profitability performance continues to show poor results, with net income remaining negative from 2022 to 2024. Therefore, management is advised to restructure short-term debt and evaluate operational cost efficiency to restore profitability.

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Journal Info

Abbrev

NJ

Publisher

Subject

Economics, Econometrics & Finance

Description

The journal publishes original articles on current issues and trends occurring internationally in accounting, financial accounting, public sector accounting, auditing, economics, economics education, development economics, economic statistics, monetary economics, international economics, ...