FINANCIAL PERFORMANCE ANALYSIS OF PT TOWER BERSAMA INFRASTRUCTURE TBK USING LIQUIDITY, SOLVENCY, AND PROFITABILITY RATIOS (2015–2024)

Abstract

An in-depth evaluation of PT Tower Bersama Infrastructure Tbk’s financial performance from 2015 to 2024 was conducted using financial ratio analysis focusing on liquidity, solvency, and profitability aspects. This research adopts a descriptive quantitative approach using secondary data sourced from the company’s annual reports listed on the Indonesia Stock Exchange (IDX). Financial ratios analyzed include the Current Ratio (CR) to assess liquidity, the Debt to Equity Ratio (DER) to measure solvency, and the Return on Assets (ROA) to evaluate profitability. The results show that the company’s liquidity fluctuated over the observed period, indicating varying abilities to meet short-term obligations. The solvency level, represented by the DER, remained stable with a downward trend, showing efficient management of debt and equity. Meanwhile, profitability, reflected by the ROA, demonstrated consistent growth, suggesting that the company effectively utilized its assets to generate income. Overall, PT Tower Bersama Infrastructure Tbk maintained a solid financial position, characterized by healthy liquidity, controlled leverage, and improving profitability throughout the ten-year period