ASSESSING FINANCIAL HEALTH THROUGH LIQUIDITY, SOLVENCY, ACTIVITY, AND PROFITABILITY RATIOS: A CASE STUDY OF PT ANABATIC TECHNOLOGIES TBK (2017–2024

Abstract

This study aims to analyze the financial performance of PT Anabatic Technologies Tbk during the period 2017–2024 through a comprehensive financial ratio analysis consisting of liquidity, solvency, activity, and profitability ratios. The purpose of this research is to assess the company’s ability to manage assets, meet financial obligations, and generate profits consistently in a dynamic business environment. The research uses a quantitative descriptive method with secondary data derived from the company’s annual financial statements. Each ratio is analyzed using standard formulas to identify performance trends and evaluate the company’s financial stability over eight consecutive years.

The results show that the company’s liquidity, as measured by the Current Ratio, fluctuated but recovered after 2022, indicating improved short-term solvency. The solvency ratio, measured by the debt-to-equity rasio, remained at a very high level, showing heavy dependence on debt financing, which increases financial risk. The activity ratio, as measured by Total Asset Turnover, indicated inefficient asset utilization. In contrast, the profitability ratio, as measured by Gross Profit Margin, declined gradually, reflecting reduced cost efficiency and competitiveness.

Overall, the findings indicate that PT Anabatic Technologies Tbk experienced unstable financial performance throughout 2017–2024. To strengthen financial sustainability, the company should improve debt management, optimize asset utilization, and enhance profitability through better cost control and operational efficiency.