FINANCIAL RATIO ANALYSIS

Abstract

This study aims to analyze the financial performance of PT Adhi Commuter Properti Tbk using financial ratio analysis based on the company's financial statements for the year 2024. Financial statements provide essential information regarding a company's financial condition; however, further analysis is required to assess performance comprehensively. This research employs a descriptive quantitative approach by examining liquidity, solvency, activity, profitability, and market ratios. The results indicate that the company's liquidity condition is relatively adequate based on the current ratio, although the quick ratio shows low short-term liquidity when inventories are excluded. Solvency analysis reveals a high dependence on debt financing, reflected in elevated debt to assets and debt to equity ratios. Activity ratios demonstrate inefficient utilization of assets and inventory, while profitability ratios indicate a low ability to generate returns from assets and equity. Furthermore, market ratios show low earnings per share and a high price earnings ratio, suggesting high market expectations despite weak profitability. Overall, the findings imply that improvements in asset efficiency, debt management, and profitability are necessary to enhance financial performance and investor confidence.