This alternative rating way is simpler and easier, but it has benefits for diverse backgrounds decision makers. Hence, it can be concluded that the rating by using qualitative characteristics of financial statements can be used as an alternative way and provide value-added information. The results showed that the rating of companies that have good, and mid quality in qualitative characteristics are in line with the companies rating using other indicators such as compliance with GCG, the resilience of economy, the business continuity assessed using the financial performance, and also the pattern of active shares in the capital market. The data used was secondary data collected using documentation. This study used an exploratory non mainstream approach on 438 companies in Indonesia. Accounting viewpoint question is by using qualitative characteristics as indicators that must be met in a Financial Statement. The purpose of this study is to provide alternative rating of quality measurement information from the Financial Statement Accounting standpoint. Currently, easy and time saving way frequently used by decision-makers is the use of intermediary analyzes in the form of rating information on the quality of companies financial statements. However, there are 2 ratios that show good results, namely the ratio of cash coverage to interest and the ratio of capital expenditures.High-quality information plays an important role and should be obtained by decision makers from a variety of backgrounds. This is indicated by the results of the analysis of the average cash flow ratio which is less than the efficiency standard. The results show that the performance of PT Garuda Indonesia Tbk is not good. The data is analyzed by 8 ratios which consist of operating cash flow, fund flow coverage ratio, cash coverage ratio to interest, cash coverage ratio to current liabilities, capital expenditure ratio, total debt ratio, net cash flow ratio, and cash flow adequacy ratio. The writer uses secondary data from PT Garuda Indonesia financial statement in year 2016 – 2020. In this research, the writer uses quantitative data analysis and descriptive research method. This study aims to analyze the cash flow by utilizing cash ratio to assess the financial performance of PT Garuda Indonesia Tbk. This can be seen by the company’s financial performance based on the financial statement. Financial health is the key to maintain the company running well.
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March 2023
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