This study aims to find out how the company's financial performance before and after the company conducted a rights issue in 2017-2019. The objects in this study are non-financial go public companies that conducted rights issues in 2017, 2018 and 2019. The type of research used is quantitative research to determine the company's financial performance one year before and one year after the rights issue. Hypothesis testing using the Wilcoxon Signed Ranks Test. The results of testing the hypothesis show that: (1) there is no significant difference in the financial performance of non-financial companies with the profitability ratios represented by Return On Equity before and after the rights issue. This means that the performance of Return On Equity after the rights issue does not show a significant change. (2) there is no significant difference in the financial performance of non-financial companies with a liquidity ratio represented by the Current Ratio before and after the rights issue. This means that the performance of the Current Ratio after the rights issue did not show a significant change. (3) there is no significant difference in the financial performance of non-financial companies with the activity ratio represented by Total Asset Turnover before and after the rights issue. This means that the performance of Total Asset Turnover after the rights issue did not show a significant change. (4) there is no significant difference in the financial performance of non-financial companies with leverage ratios represented by the Debt to Equity Ratio before and after the rights issue. This means that the performance of the Debt to Equity Ratio after the rights issue did not show a significant change.

Keywords: return on equity, current ratio, total asset turnover, and debt to equity ratio