ANALISIS KINERJA KEUANGAN DENGAN MENGGUNAKAN METODE FREE CASH FLOW (FCF) DAN LEVERAGE PADA PT AIR ASIA INDONESIA Tbk

Rifka Fikriah Hasdik. 2022. Analysis of Financial Performance Using Free Cash Flow (FCF) and Leverage Method at PT AirAsia Indonesia Tbk, supervised by Mr. Abdul Rauf and Mrs. Hariatih
This study was conducted to determine and analyze financial performance using the Free Cash Flow and Leverage method at PT AirAsia Indonesia Tbk for the 2016-2020 period. The research data is sourced from secondary data taken from the
Indonesia Stock Exchange in the form of the 2016-2020 Financial Statements. Data collection method used is documentation technique. This type of research used
descriptive quantitative analysis. The data analysis technique used is to perform calculations using the FCF and Leverage methods after all the necessary data is collected and analysed in this research.
Based on the data results and discussion of the research, it shows that the Free Cash Flow (FCF) generated for the 2016 and 2019 periods showed negative results, this indicates that internal funding sources are insufficient to meet the company's investment needs, thus requiring additional external funds in the form ofdebt or other treat. While the positive Free Cash Flow (FCF) for the period 2017, 2018, and 2020, it indicates that the company has the opportunity to grow and create sustainable business continuity.
The Debt to Total Assets Ratio generated for the 2016 and 2019 periods shows the results that are less than 100%, the DAR indicates that the company is in the healthy category and for the 2017 2018 and 2020 periods the results are morethan 100%. The DAR indicates that the company still needs to manage its debt properly and optimally. While Debt to Equity Ratio in 2016, 2017 and 2019 showedresults of more
than 1 or 100%, and in 2018 and 2020 showed negative results. Themain cause of the DER showing results above 1 or 100% and even experiencing a minus is that the company records its losses every year and the composition of liability owned by PT AirAsia Indonesia Tbk is dominant with current liability.