Analisis Rasio Keuangan untuk Mengukur Kinerja Keuangan PT Waskita Karya (Persero) Tbk

Muhammad Asrin Jazuli; Khanti Listya; Raya Puspita Sari Hasibuan; Fatma Dwi Jati

doi:10.30640/jmcbus.v4i3.7172

Authors

Muhammad Asrin Jazuli Politeknik Negeri Medan
Khanti Listya Politeknik Negeri Medan
Raya Puspita Sari Hasibuan Politeknik Negeri Medan
Fatma Dwi Jati Politeknik Negeri Medan

DOI:

https://doi.org/10.30640/jmcbus.v4i3.7172

Keywords:

Activity Ratio, Financial Performance, Liquidity Ratio, Profitability Ratio, Solvency Ratio.

Abstract

This study aims to examine the financial performance of PT Waskita Karya (Persero) Tbk for the period 2022–2024, focusing on liquidity, solvency, activity, and profitability ratios. The research method employed is descriptive quantitative, utilizing the company’s financial statements for 2022–2024. The analysis results indicate that the company’s liquidity ratio declined due to high current liabilities and limited current assets, leading to an unhealthy liquidity condition. The solvency ratio reveals a very high level of debt and a low ability to cover interest expenses, placing the company under considerable financial pressure. The activity ratio shows improvement in inventory management; however, the efficiency of working capital and asset utilization remains suboptimal. Meanwhile, the profitability ratio demonstrates a decrease in the company’s ability to generate profits, driven by ineffective management of assets and equity, compounded by declining net sales. Overall, the company’s financial performance continues to face significant challenges, particularly in liquidity and solvency aspects.

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