Financial Reporting Analysis in Measuring Financial Performance of PT. Garuda Maintenance Facility Aero Asia Tbk
DOI:
https://doi.org/10.35797/ejp.v6i2.61615Keywords:
Financial Performance, Financial Statements, Liquidity Ratio, Activity Ratio, Solvency Ratio, Profitability RatioAbstract
The aim of this research is to analyze the financial performance of PT. Garuda Maintenance Facility Aero Asia (GMF AeroAsia) for the period 2019 to 202 by using liquidity ratio, activity ratio, solvency ratio, and profitability ratio. This research utilizes a quantitative descriptive approach. Data from this research is obtained by collecting financial statements of PT. Garuda Maintenance Facilty Aero Asia Tbk for the 2019-2023 period. The research findings indicate that, based on liquidity, activity, profitability, and solvency ratios, the company's financial performance is in an unfavorable position. Each ratio falls below industry standards, signifying that the company's performance is not optimal. This condition was exacerbated by the impact of the Covid-19 pandemic which resulted in a drastic decline in revenue, and the company's short-term liabilities have exceeded existing current assets. It is expected that PT. Garuda Maintenance Facilty Aero Asia Tbk, should take steps to restructure debt, optimize assets and improve operational efficiency for the company's financial recovery
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