ANALYSIS OF LIQUIDITY, SOLVABILITY, ACTIVITY, AND PROFITABILITY RATIOS TO MEASURE FINANCIAL PERFORMANCE AT PT. NUSANTARA PELABUHAN HANDAL, TBK FOR THE PERIOD 2015-2024

Abstract

This study aims to evaluate the financial performance of PT Nusantara Pelabuhan Handal Tbk for the 2015–2024 period using Liquidity, Solvency, Activity, and Profitability ratios. The research adopts a quantitative descriptive method and uses secondary, time series data obtained from the company’s financial statements available on the Nusantara Port website. The findings show that the company’s liquidity position is generally unhealthy. The average Current Ratio (163.6%) and Quick Ratio (123.3%) are below industry standards of 200% and 150%. Only the Cash Ratio (63.8%) exceeds the benchmark of 50%. The solvency condition is also weak, with a Debt to Asset Ratio of 57.3% (industry standard 35%) and a very high Debt to Equity Ratio of 464.6% (standard 90%). Activity ratios indicate poor operational efficiency. Total Asset Turnover (0.02 times) and Fixed Asset Turnover (0.03 times) are far below their industry standards of 2 times and 5 times. Profitability ratios also show unhealthy performance: Gross Profit Margin (26.8%), Net Profit Margin (–1.3%), Return on Assets (–0.6%), and Return on Equity (23.7%) all fall short of the required industry benchmarks.