Financial Performance Analysis Measured by Cash Flow, Liquidity, Profitability and Solvency at PT Garuda Indonesia (Persero) Tbk During 2020-2024 Period

This study aims to analyze the financial performance of PT Garuda Indonesia (Persero) Tbk during the 2020–2024 period using cash flow ratios, liquidity ratios, profitability ratios and solvency ratios. The background of this research is based on the company's financial condition which is experiencing significant pressure due to the COVID-19 pandemic, high debt burden, and fluctuations in operational costs. The method used in this research is quantitative descriptive, with secondary data taken from the company's annual financial reports. The results of the study show that the company's cash flow performance experienced a positive increase, especially in operating activities. However, the liquidity and profitability ratios still show fluctuating conditions and are not consistently stable. Despite improvements in some financial indicators, the company still faces challenges in maintaining long-term profitability and solvency. These findings are expected to provide input for management in making strategic decisions and become a consideration for investors and creditors in assessing the company's financial health.