Masterpiece Journal Society Service Insight
Vol. 2 No. 1 (2026): February 2026

Liquidity and Solvency Analysis in Assessing the Financial Performance of PT Telkom Indonesia (Persero) Tbk Listed on the Indonesia Stock Exchange

Wahyuni (Faculty of Economics and Business, Muhammadiyah University of Makassar)
Musdalifah Hasmal (Program Studi Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Makassar)
Siti Athirah Asmarani (Program Studi Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Makassar)
Lilis Sukanda (Program Studi Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Makassar)



Article Info

Publish Date
02 Feb 2026

Abstract

This study aims to analyze the liquidity and solvency of PT Telkom Indonesia (Persero) Tbk, listed on the Indonesia Stock Exchange, in assessing its financial performance during the 2021–2025 period. The study employed a descriptive quantitative approach. The research object was PT Telkom Indonesia (Persero) Tbk, while the unit of analysis consisted of the company's audited consolidated financial statements for the 2021–2025 period. Secondary data were collected through documentation and literature review. The analysis employed liquidity ratios, namely the Current Ratio (CR), Quick Ratio (QR), and Cash Ratio (CaR), together with solvency ratios consisting of the Debt to Asset Ratio (DAR) and Debt to Equity Ratio (DER). The findings indicate that the company's liquidity fluctuated throughout the observation period. The Current Ratio ranged from 0.777 to 0.886, the Quick Ratio from 0.763 to 0.875, and the Cash Ratio from 0.405 to 0.554. Despite these fluctuations, the company consistently maintained its ability to meet short-term obligations through effective management of current assets and cash resources. In terms of solvency, the Debt to Asset Ratio ranged from 45.46% to 47.69%, while the Debt to Equity Ratio ranged from 83.34% to 91.15%, indicating that the company's capital structure remained financially sound with a relatively controlled level of debt dependence. This study contributes to the literature by utilizing the most recent audited financial statements for the 2021–2025 period and integrating liquidity and solvency ratio analyses to provide a more comprehensive assessment of the financial performance of PT Telkom Indonesia (Persero) Tbk.

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Journal Info

Abbrev

masterpiace

Publisher

Subject

Agriculture, Biological Sciences & Forestry Economics, Econometrics & Finance Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences

Description

Masterpiece Journal Society Service Insight is a scientific journal published by Amerta Institute. It focuses on disseminating the results of community service activities that create real and innovative impacts across various fields, including education, health, economic empowerment, the ...