ANALYSIS OF PT INTRACO PENTA TBK FINANCIAL STATEMENTS AS A BASIS FOR EVALUATING COMPANY PERFORMANCE DURING THE PERIOD 2015-2024

Abstract

This study aims to analyze the financial performance of PT Intraco Penta Tbk during the period 2015–2024 as a basis for evaluating the company's health and ability to survive in the heavy equipment industry in Indonesia. The analysis was conducted using financial ratios, including liquidity ratios (current ratio, quick ratio, and cash ratio), solvency ratios (debt to asset ratio and debt to equity ratio), and profitability ratios (return on assets and return on equity). The data used was secondary data in the form of the company's annual financial reports obtained from the Indonesia Stock Exchange (IDX) and the company's official website. The research method used was a descriptive quantitative approach, which compared financial ratios each year and evaluated them based on industry standards, financial theory, and previous research results. The results of the analysis showed that the company's liquidity performance tended to be below the ideal standard, indicating the company's limited ability to meet its short-term obligations. Solvency ratios have increased significantly due to high dependence on debt financing, thereby increasing financial risk. Meanwhile, profitability ratios are on a downward trend, reflecting the company's declining efficiency in generating profits from its assets and equity. Overall, the company's financial condition during the research period is categorized as unhealthy and requires improvement strategies in capital structure, debt management, and operational effectiveness. This study is expected to serve as a consideration for management, investors, and creditors in making economic decisions.