This study aims to assess financial performance using financial ratio analysis methods in coal mining sector companies listed on the Indonesia Stock Exchange during the 2020–2024 period. This research was conducted on companies engaged in the coal mining industry listed on the IDX, with the main focus on financial statement analysis to evaluate financial performance using financial ratio methods. This research uses a quantitative descriptive approach, and the data utilized are secondary data. The secondary data consist of annual financial statements of coal mining sector companies listed on the IDX from 2020 to 2024, including statements of financial position and comprehensive income statements obtained from the official Indonesia Stock Exchange website. The data are analyzed using financial ratio analysis methods, namely liquidity ratios, solvency ratios, activity ratios, and profitability ratios. The population in this study includes coal mining sector companies listed on the IDX for the 2020–2024 period. The sampling method uses purposive sampling technique, resulting in 5 companies as samples. Data collection is conducted through documentation methods.

The results of the study indicate that the financial performance of coal mining sector companies listed on the Indonesia Stock Exchange during 2020–2024, when viewed from the current ratio, shows that 2 companies meet the general industry standard average, indicating their ability to fulfill short-term obligations. Based on the debt to asset ratio, only 1 company meets the general industry standard average, suggesting better capability in obtaining loans. In terms of total asset turnover, 4 companies do not meet the general industry standard average, indicating that companies have not been able to utilize their assets efficiently, resulting in sales that are not proportional to their asset values. Meanwhile, based on return on assets, 3 companies do not meet the general industry standard average, indicating that they have not been successful in managing assets effectively to generate profits.

Keywords: Financial Statements, Financial Performance, Financial Ratios