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Articles

Analyzing the Liquidity and Solvency of the Cement Industry in the Indonesian Market: Financial Challenges and Prospects

  • 1*,2 Universitas Tangerang Raya.
  • 3 Universitas Audi Indonesia.

* Corresponding Author: Susilowati Susilowati

Open Access
DOI
https://doi.org/10.59431/ijer.v6i2.784
Published
Pages
457–466

Issue

Vol. 6 No. 2 (2026)

Indonesian Journal Economic Review (IJER)
June

Abstract

This study analyzes the liquidity and solvency of cement companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2025 period. The primary focus of the research is to identify the influence of financial ratios on the performance of cement companies, with particular attention to how liquidity and solvency ratios affect corporate stability and competitiveness in a highly competitive market. The study employs a descriptive quantitative approach, using secondary data collected from annual financial reports. The variables analyzed include liquidity ratios (Current Ratio and Quick Ratio), solvency ratios (Debt to Equity Ratio and Interest Coverage Ratio), and profitability ratios (Return on Assets and Return on Equity) as indicators of financial performance. The findings indicate that companies with strong liquidity and solvency ratios tend to maintain stable performance despite facing economic uncertainty. This study provides recommendations for cement companies to improve the management of financial ratios in order to strengthen their market position and ensure long-term operational sustainability.

Keywords

Liquidity Solvency Financial Performance Financial Ratios Cement Companies Indonesia Stock Exchange

How to Cite

Susilowati, S., Yulianti, E., & Putra, R. R. (2026). Analyzing the Liquidity and Solvency of the Cement Industry in the Indonesian Market: Financial Challenges and Prospects. Indonesian Journal Economic Review (IJER), 6(2), 457–466. https://doi.org/10.59431/ijer.v6i2.784

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Author Biographies

  • Susilowati Susilowati, Universitas Tangerang Raya.

    Accounting Study Program, Faculty of Economics and Business, Universitas Tangerang Raya, Tangerang City, Banten Province, Indonesia.

  • Erni Yulianti, Universitas Tangerang Raya.

    Accounting Study Program, Faculty of Economics and Business, Universitas Tangerang Raya, Tangerang City, Banten Province, Indonesia.

  • Robby Rahadi Putra, Universitas Audi Indonesia.

    Accounting Study Program, Faculty of Social Sciences & Humanities, Universitas Audi Indonesia, Medan City, North Sumatra Province, Indonesia.

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Copyright (c) 2026 Susilowati Susilowati, Erni Yulianti, Robby Rahadi Putra

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