Financial Performance as a Mirror of Corporate Stability of PT BFI Finance and PT Clipan Finance

Abstract

Financial performance is one of the important benchmarks to assess the extent to
which a company is able to maintain its business stability and sustainability. In finance
industries that have a high risk level and are sensitive to macroeconomic conditions,
analysis of financial performance is an important tool for assessing the fundamental
strengths of companies. This research aims to identify how financial performance can
play a role as a mirror of corporate stability, by taking case studies at PT BFI Finance
Indonesia Tbk and PT Clipan Finance Indonesia Tbk. The research approach used is
descriptive comparative to quantitative methods. The data analyzed are secondary
data sourced from the annual financial statements of the two companies during the
2020–2024 period, obtained from the official website and trusted financial
publications. The analysis is done using financial ratios, including liquidity ratios,
solvency, activity, and profitability, to describe the overall financial condition and
stability of the company. The research results show that PT BFI Finance Indonesia Tbk
has relatively stable financial conditions with profit performance that tends to
increase, healthy liquidity levels, and efficient capital structure. On the other hand, PT
Clipan Finance Indonesia Tbk shows fluctuations in profitability and solvency ratios,
indicating pressure on its financial stability. This finding strengthens the view that
financial performance can be an important indicator in assessing the stability of a
company, where the ability to maintain the efficiency and consistency of financial
management is a key factor in maintaining business sustainability.
This research is expected to contribute to the development of literature in the field of
financial management as well as to be considered by investors, management, and
other related parties in evaluating the stability of companies based on measured
financial indicators.