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