ANALYSIS OF LIQUIDITY, SOLVENCY, ACTIVITY, AND PROFITABILITY RATIOS TO MEASURE FINANCIAL PERFORMANCE AT PT ENVY TECHNOLOGIES INDONESIA TBK FOR THE PERIOD 2016–2024

Abstract

This study aims to analyze the financial performance of PT Envy Technologies Indonesia Tbk over the period 2016–2024 through a comprehensive financial ratio analysis consisting of liquidity, solvency, activity, and profitability indicators. The research employs a descriptive quantitative method using secondary data derived from the company’s financial statements. The objective is to assess the company’s ability to meet its short- and long-term obligations, utilize assets efficiently, and generate sustainable profits in a competitive technological environment. The results show that the company’s liquidity ratio declined sharply after 2020, reflecting weakened short-term solvency. Solvency ratios indicate increasing debt dependency and negative equity, while activity and profitability ratios reveal operational inefficiency and unstable profit generation. The findings suggest that PT Envy Technologies must restructure its capital, reduce debt exposure, and improve cost efficiency to enhance long-term financial sustainability