Analysis of The Health of Financing Companies

This study aims to determine and analyze the soundness of the case study financing company PT Astra Sedaya Finance (ASF) for the period 2020-2021 in terms of governance ratios, risk profiles, profitability and capital. The non-bank financial institution that is the main focus of this research is the financing company PT Astra Sedaya Finance (ASF). This research uses descriptive analytic method. The data used uses the financial statements of PT Astra Sedaya Finance (ASF) for 2020-2021. The results of this study indicate that PT Astra Sedaya Finance (ASF) during 2020-2021 in terms of governance factors, the results of self-assessment research get a value of 1, in accordance with applicable regulations to support the implementation of good corporate governance principles in every line of work. and operations of the Company. The results of the second factor research are the risk profile has inherent risk which is dominated by credit risk, has a strong risk management application, from the active supervision of the Board of Directors, Board of Commissioners, and DPS, as well as the completeness of policies and units in identifying, controlling, and monitoring management. risk in all functions, including the existence of three lines of defense in risk management. Thus, the risk profile of PT Astra Sedaya Finance is considered quite good. The results of the research on the third factor are profitability as long as, in terms of performance, it is very good, the ability of profits to increase capital and the prospect of future profits is still high with a value of 1 or very good. And the fourth factor, namely capital, as well as the profitability factor, has been very good. Different from banks which have minimum capital requirements regulated by OJK Regulation Number 11/POJK.03/2016 concerning Minimum Capital Adequacy Requirements for Commercial Banks, which is 8% of Risk Weighted Assets, with a capital ratio of 41.52% much higher than minimum requirement of 10%.