Analysis of Cash Ratio, Current Ratio, Quick Ratio, Debt to Asset Ratio and Debt to Equity Ratio in Assessing the Financial Performance of PT Astra International Tbk
Keywords:
Financial Performance, Cash Ratio, Current Ratio, Quick Ratio, Debt to Assets Ratio, and Debt to Equity RatioAbstract
This study aims to determine the financial performance of PT Astra International Tbk for the period 2020 to 2024, measured using liquidity ratios, including the cash ratio, current ratio, and quick ratio, as well as solvency ratios, including the debt to asset ratio and debt to equity ratio. The method used in this study is descriptive quantitative. The type of data used in this study is secondary data in the form of PT Astra International Tbk's financial reports for the period 2020 to 2024, which were obtained from the website. The results of the study show that the financial performance of PT Astra International Tbk from 2020 to 2024, as measured by the Liquidity Ratio, is considered poor because the Cash Ratio, Current Ratio, and Quick Ratio are still below the industry average standard, meaning that the company's performance in paying or fulfilling its short-term obligations is considered poor. Meanwhile, the financial performance of PT Astra International Tbk from 2020 to 2024, as measured by the Solvency Ratio, namely the Debt to Asset Ratio, is considered poor because the figure is high and above the industry average standard, meaning that the company's total assets are mostly financed by debt, resulting in high financial risk for the company. However, the Debt to Equity Ratio is considered good because the ratio is lower and below the industry standard, meaning that the company's equity or capital is not heavily financed by debt, and funding comes more from its own capital.
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