FINANCIAL PERFORMANCE EVALUATION OF PT BARITO PACIFIC TBK FOR THE PERIOD 2020-2024 AS SEEN FROM SOLVENCY RATIOS (DAR, DER, ER, LTDAR, AND LTDER)

Abstract

This study was conducted to assess the financial performance of PT Barito Pacific Tbk (BRPT) over the last five years, from 2020 to 2024, through an analysis of solvency ratios, including the Debt to Asset Ratio (DAR), Debt to Equity Ratio (DER), Equity Ratio (ER), Long-Term Debt to Asset Ratio (LTDAR), and Long-Term Debt to Equity Ratio (LTDER). The evaluation results are expected to contribute, either directly or indirectly, as consideration for potential investors in making investment decisions regarding BRPT shares. The research data was obtained from annual financial reports published on the company's official website and the Indonesian Stock Exchange. The research method employed in this study is a descriptive approach with a quantitative orientation. The evaluation results show that BRPT has a relatively high level of solvency, but with an improving trend in several long-term ratios. This condition reflects a stable capital structure and the company's ability to manage external funding efficiently.