Analisis Risiko Keuangan PT XL Axiata Tbk pada Periode 2021 – 2024

Authors

  • Friska Natalia Purba Universitas Singaperbangsa Karawang
  • Feby Febrianti Universitas Singaperbangsa Karawang
  • Dina Herlina Universitas Singaperbangsa Karawang
  • Gusganda Suria Manda Universitas Singaperbangsa Karawang

DOI:

https://doi.org/10.35870/jemsi.v12i5.7019

Keywords:

Financial Risk, PT XL Axiata, DFL, EPS, Risk Management

Abstract

This study aims to analyze the financial risk of PT XL Axiata Tbk during the period 2021–2024 using a descriptive qualitative approach through library research and secondary data from the company’s financial reports. The analysis employs financial indicators such as Degree of Financial Leverage (DFL), Degree of Operating Leverage (DOL), Debt to Equity Ratio (DER), Debt to Asset Ratio (DAR), and liquidity ratios. The results indicate that the company experienced consistent revenue growth, but profitability remained fluctuating. The level of leverage is relatively high despite showing a declining trend, while liquidity remains low, indicating potential risks in meeting short-term obligations. In addition, fluctuations in DFL and DOL values suggest a high sensitivity to changes in operating income and sales. Overall, the company has shown signs of recovery, but still faces financial risks that need to be managed effectively to maintain financial stability and business sustainability.

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Author Biographies

  • Friska Natalia Purba, Universitas Singaperbangsa Karawang

    Program Studi Manajemen, Ekonomi dan Bisnis, Universitas Singaperbangsa Karawang, Indonesia.

  • Feby Febrianti, Universitas Singaperbangsa Karawang

    Program Studi Manajemen, Ekonomi dan Bisnis, Universitas Singaperbangsa Karawang, Indonesia.

  • Dina Herlina, Universitas Singaperbangsa Karawang

    Program Studi Manajemen, Ekonomi dan Bisnis, Universitas Singaperbangsa Karawang, Indonesia.

  • Gusganda Suria Manda, Universitas Singaperbangsa Karawang

    Program Studi Manajemen, Ekonomi dan Bisnis, Universitas Singaperbangsa Karawang, Indonesia.

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Published

2026-10-01

Issue

Vol. 12 No. 5 (2026): Oktober 2026

Section

Articles

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Copyright (c) 2026 Friska Natalia Purba, Feby Febrianti, Dina Herlina, Gusganda Suria Manda

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How to Cite

Purba, F. N., Febrianti, F., Herlina, D., & Manda, G. S. (2026). Analisis Risiko Keuangan PT XL Axiata Tbk pada Periode 2021 – 2024. JEMSI (Jurnal Ekonomi, Manajemen, Dan Akuntansi), 12(5), 4533-4538. https://doi.org/10.35870/jemsi.v12i5.7019