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ISSN 2063-5346
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Financial Ratio Analysis A Case Study on PT Barito Pacific Tbk

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Syahrizal Siregar, Fajar Shidiq Hidayat , Iskandarmuda
» doi: : 10.48047/ecb/2023.12.si8.228

Abstract

This research focuses on evaluating the financial performance of PT Barito Pacific Tbk, a publicly listed company operating in the energy, agribusiness, and petrochemical industries in Indonesia. The study analyzes the company's financial statements for the period from 2019 to 2022 using quantitative descriptive research methodology. The financial ratio analysis, including liquidity ratios, solvency ratios, and profitability ratios, is employed as the analytical tool. The results are compared to industry standards and averages to provide insights and recommendations for enhancing the company's financial performance. The research aims to benefit both internal and external stakeholders by providing a clear understanding of the company's financial condition and performance. The findings indicate that PT Barito Pacific Tbk has maintained a healthy liquidity position, as evident from its Current Ratio consistently above 100% throughout the analyzed period. However, the company's Debt to Asset Ratio and Debt to Equity Ratio reveal a significant reliance on debt financing, with variations in its ability to cover long-term obligations. Profitability ratios indicate a moderate net profit margin and returns on assets and equity. Overall, this research offers valuable insights for stakeholders in evaluating PT Barito Pacific Tbk's financial performance and provides recommendations for future improvements.

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