Garuda's Financial Performance Analysis: Review of Liquidity, Profitability, and Capital Structure for 2021-2023

Muhammad Farhan

doi:10.55927/jambak.v4i2.412

Authors

Muhammad Farhan Perbanas Institute

DOI:

https://doi.org/10.55927/jambak.v4i2.412

Keywords:

Financial Ratio, Liquidity, Profitability, Financial Performance

Abstract

This study analyzes the financial performance of PT Garuda Indonesia Tbk from 2021 to 2023 using descriptive quantitative methods and secondary data in the form of company financial statements. Financial ratio analysis, which includes liquidity, activity, solvency, and profitability, is used to evaluate a company's condition and performance. The results showed a significant improvement in liquidity ratios and receivables collection efficiency, as reflected in the increase in the Current Ratio and Quick Ratio, as well as a decrease in the Average Collection Period. Nonetheless, there is an increase in financial risk due to debt dependence reflected in the increase in the Debt-to-Equity Ratio. Corporate profitability also showed fluctuations, with a sharp increase in 2022 followed by a decline in 2023, signaling the need for improvements in cost and asset management.

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