ANALISIS KINERJA FINANSIAL BUMN PERIKANAN

Abstract

The objective of this research is to analyze the financial performance in state own enterprisess
of PT Perikanan Nusantara ( PT Usaha Mina, PT Perikanan, PT Tirta Raya Mina, and
PT Perikanan Samudra Besar. This Research done on 2009 in each branchs of PT Perikanan
Nusantara. The result show that the cash ratio of PT Perikanan Nusantara is 0.08. The
Solvability value, PT Perikanan Nusantara is below 0.53, though minimum standard of that
solvability ratio is 1 : 1, in this case cash ratio of PT Perikanan Nusantara is below minimum
standard of solvability ratio. , meaning ability of company to pay for debt of estae had ill assorted.
Minimum standard (current ratio 0 which ought to is 2 : 1, in this case current ratio of
PT Fishery of Nusantara reside in far below the mark minimize current ratio that is only 0.24.
Meaning, PT Perikanan Nusantara unable to fulfill obligation short-range him, in the form
of fluent debt and long-range debt. Depended to this debt can be seen from side of leverage
ratio PT Perikanan Nusantara which equal to 1.88. This number means that the capital of the
company is mostly external financing. This suggests that the company depends on the debt,
even this company is not stabile yet .
Keywords: Cash Ratio, Leverage Ratio, and Solvability Value