Kinerja Keuangan PT Hutama Karya (Persero): Dampak Kebijakan Program Percepatan Pembangunan Infrastruktur Jalan Tol Trans Sumatra

Abstract

This study aims to investigate the condition of the financial performance of PT Hutama Karya before and after the implementation of the Trans Sumatra Toll Road development policy and the impact of the Trans Sumatra toll road assignment on the assignment financial condition of PT Hutama Karya. This study employs a qualitative method with a content analysis approach. The research data is sourced from the financial statements and annual reports of the company PT Hutama Karya from 2010 to 2019, which were obtained from the company's official website. This study concludes that the level of liquidity and solvency of the company decreased after receiving a government assignment, while the level of profitability increased after receiving a government assignment. Compared to the industry average, the level of liquidity and profitability is still below the industry average, while the company's solvency level is higher than the industry average. The government's assignment to PT Hutama Karya impacts the company's declining liquidity. The decline in the company's solvency level resulted in the Government participating in the state capital to reduce company bankruptcy risk.