FINANCIAL RATIO ANALYSIS FOR EVALUATING THE PERFORMANCE OF PT BAKRIE & BROTHERS TBK (2015–2023)

Abstract

This study aims to evaluate the financial performance of PT Bakrie & Brothers Tbk from 2015 to 2023 by analyzing profitability ratios (ROA, ROE, NPM, GPM), solvency ratios (DAR, DER), and liquidity ratios (Current Ratio, Quick Ratio, Cash Ratio). The research applies a quantitative descriptive method using secondary data obtained from the company’s audited financial statements published by the Indonesia Stock Exchange (IDX). The results indicate that PT Bakrie & Brothers Tbk experienced significant fluctuations across all financial ratios, particularly during the mid-period when the company faced high debt levels and operational inefficiencies. However, toward the end of the analysis period (2022–2023), improvements in profitability and solvency demonstrate better financial management and restructuring efforts. The overall findings suggest that PT Bakrie & Brothers Tbk is gradually stabilizing its operations through enhanced efficiency and debt control, although liquidity remains below the ideal benchmark, reflecting tight working capital conditions