Indonesia Stock Exchange Indonesia Stock Exchange Development

65 1. Cash Flow to Current Liabilities CFCL 2. Net Worth and Total Liabilities to Fixed Asset 3. Gross Profit to Sales GPS 4. Net Income to Sales NIS 5. Operating Income to Total Liabilities OITL 6. Net Worth to Sales NWS 7. Net Income to Total Liabilities NITL 8. Net Income to Net Worth NINW 9. Net Worth to Total Liabilities NWTL For calculating financial ratios, needs company financial data which being as a sample. Those financial data is sourced from three financial report, which are: 1. Balance sheet This report shows asset, liability and equity a company at particular time. Data token from balance sheet for ratios calculations are: a. Total asset b. Total liability c. Current liability d. Net Worth 66 2. Net Income This report shows income that got in a period of time also expenses in a period of time. For ratios calculations, data used are shown below: a. Net income b. Gross profit c. Operating Income d. Total Sales 3. Cash Flow This report shows cash flow that happen in a company. Those which related to cash flow are operational activity, invest activity and financing activity. Token data from cash flow report for ratios calculation above are increasing decreasing of cash flow.

2. Cash Flow to Current Liabilities Variable

Cash flow to current liabilities is the huge of gotten cash of a company to pay debt in a maturity date. Higher this ratio, ability to pay debt in a short term also huge. In this table shows the value of CFCL in every company that listed in BEI in a research period of time. Value of CFCL the highest one in 2006 is held by Bank Bukopin which is 0.178 and the lowest one is held by Bank Ekonomi Raharja. in 2004 is held by Bank Ekonomi 67 Raharja for 0.056837832 and the lowest one held by Bank Agroniaga. In 2005 the highest one is held by Bank Ekonomi Raharja for 0.220186013 and the lowest one is held by Bank Bukopin . In 2006 the highest one is held by Bank Bumi Artha and the lowest one is held by Bank Ekonomi Raharja. Highest Mean during research period is held by Bank Bumi Artha and the lowest one is held by Bank Agroniaga.. CFCL Figure 4.1 CFCL Data -1 -0.8 -0.6 -0.4 -0.2 0.2 0.4 0.6 0.8 1 2003 2004 2005 2006 Bank Agroniaga Bank Bukopin Bank Bum i Art ha Bank Capit al Bank Ekonom i Bank Him punan Saudara Bank Tabungan Negara Bank Tabungan Pensiunan Bank Windu Kent jana Bank Vict oria Int ernat ional