Financial Ratio Analysis and Financial Health Comparison Of Islamic Banks During The 2020-2022 Period
Abstract
This study aims to analyze the financial ratios and comparative health levels of three Islamic banks, namely Bank Syariah Indonesia (BSI), BTPN Syariah, and Bank Panin Syariah, during the period of 2020-2022. The financial ratios used are profitability ratio, liquidity ratio, and solvency ratio. Financial data was obtained from the official financial statements of each bank. The results of the analysis indicate that the three Islamic banks experienced fluctuations in financial ratios and health levels during the observed period. BSI showed better performance in profitability and liquidity ratios, while Bank Panin Syariah exhibited better performance in solvency ratio. However, BTPN Syariah experienced a significant improvement in performance in 2022, especially in profitability and solvency ratios. Based on the WACC calculation, the three Islamic banks showed different health levels. BSI demonstrated the healthiest level, followed by Bank Panin Syariah and BTPN Syariah. The conclusion of this study is that the analysis of financial ratios and health levels can provide useful information for internal and external parties to make decisions and understand the financial condition of banks.
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