ANALYSIS OF FINANCIAL STABILITY THROUGH LIQUIDITY, SOLVENCY, ACTIVITY, AND PROFITABILITY RATIOS AT PT CATUR SENTOSA ADIPRANA TBK FOR THE PERIOD 2015–2024

Abstract

This report aims to evaluate the financial stability of PT Catur Sentosa Adiprana Tbk (CSAP) during the period 2015–2024 through an analysis of liquidity, activity, solvency, and profitability ratios. The research method used is a quantitative descriptive approach with a literature study, where secondary data is obtained from annual financial reports and company annual reports. The results show that CSAP's liquidity condition is at a fairly safe level with sufficient ability to meet short-term obligations, although its liquidity margin is relatively thin. The solvency ratio shows a high dependence on debt financing, but it is still within safe limits according to modern financial perspectives. The activity ratio shows declining efficiency due to massive business expansion through the Mitra10 retail network, while the profitability ratio shows stability with thin profit margins typical of the building materials distribution industry. Overall, CSAP has been able to maintain healthy and controlled financial stability over the past decade. These results reinforce empirical evidence that financial ratio analysis can be an important tool for assessing the long-term financial resilience of companies in the distribution and retail sectors.