ANALYZING FINANCIAL RATIOS TO ASSESS THE COMPANY'S PERFORMANCE AT PT MEDIKALOKA HERMINA TBK BEFORE, DURING, AND AFTER COVID

Abstract

Background: Analysis of financial statements is an important record for a company, so the analysis of a company's financial statements assesses what results the company has or may achieve in the past, present, and future to obtain information about how the company is performing and what it can achieve (Bungin, 2010). Reports are historical tools that provide information about what has happened, creating information gaps. Analyzing a company's financial statements is helpful in determining the company's financial status and performance (Loho et al., 2021). Of course, one of the functions of financial statements is to fill the information gap by re-analyzing the information in the financial statements to ensure financial health (Khothimah, 2024). This helps decision-makers determine what policies should be implemented in the company. In addition, one way to check the health of a company's financial reporting is to conduct a financial ratio analysis (Loho et al., 2021). Purpose: Analyzing financial ratios to assess the company's performance at PT Medikaloka Hermina Tbk. Before, during, and after covid using liquidity, solvency, activity, and profitability ratio analysis

The results of financial ratio analysis can be used as a tool to assess what needs to be done in the future to further maximize or maintain the company's performance after the company's goals are achieved. The results of this metric can also be used to determine the policies that the company owner must adhere to in the event of a change in the membership of the board of directors in the future. Financial ratio analysis is differentiated into liquidity ratio, solvency ratio, activity ratio, and profitability ratio (Widiyanti, 2014).