Healthy Financial Performance of KUD Mina "Samudra Jaya" Panarukan Cooperative
Keywords:
Financial Health, Cooperatives, Savings and Loans, Fishermen, PanarukanAbstract
People who work as fishermen usually live close to coastal waters. They have an economic life related to marine resources. Fishing activities by fishermen affect the costs incurred. The large costs incurred by fishermen mean that fishermen's finances must be stable for expenses. This stability needs to be balanced with stable income. The urgency of this research is that fishermen's catch of fish is difficult due to weather changes and the damage to the potential of the Panarukan sea, which has triggered the development of the pesse budu' or childbirth money loan business to drive the fishermen's economy. The aim is that researchers are interested in analyzing the financial health of cooperatives. The research method used is qualitative. This qualitative method was used to find out more about the role of the healthy financial performance of KUD Mina "Samudra Jaya" on the fishermen's economy which influences the development of the money-bearing culture. Data collection in the field was carried out through direct observation, study literature. The result is Liquidity Ratio, namely the calculation of the current ratio with a result of 181.3% in 2018 with good criteria, in 2019 with a value of 160.6% with quite good criteria. Solvency Ratio , Total Debt to Total Assets Ratio with a value of 55.2% in 2018 with fairly good criteria and 62.3% in 2019 with poor criteria. Total Debt to Equity Ratio with a value of 66.7% in 2018 and 59.3% in 2019 with very good criteria in those 2 years. Profitability Ratio, Return on Assets (ROA) with a value of 12.3% in 2018 and 14.3% in 2019 with very good criteria in those 2 years. Return on Equity (ROE) was 14.8% in 2018 and 13.5% in 2019 with fairly good criteria in those 2 years.
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