Impact of the Covid-19 Pandemic on Financial Reports on Financial Performance (Study on Hospitality, Restaurant, and Tourism Sub-Sector)

Abstract

The Hospitality, Restaurant, and Tourism sector in Indonesia is facing a number of challenges amid the Covid-19 outbreak. During the current Covid-19 pandemic, hotel, restaurant, and tourism companies will face several possible risks to financial performance. For this reason, it is necessary to conduct research to analyze the impact of Covid-19 on financial performance by analyzing Financial Statements using financial ratios, namely the Current Ratio (CR), Debt to equity ratio (DER), Return on Equity (ROE) and Price Earnings Ratio (PER). This type of research is descriptive quantitative research. The population in this study were 35 of all hospitality, restaurant, and tourism sub-sector companies listed on the Indonesia Stock Exchange for the 2019-2020 period. Samples were collected by 24 companies using purposive sampling method. The data was processed using a paired sample t-test, using SPSS version 25. From the results of the data processing, it shows that the overall impact of Covid-19 on the financial performance of the hospitality, restaurant, and tourism sub-sectors in Indonesia is seen from the results of the Different Test table (Paired Test). Sample T-Test) CR and PER ratios are not significant, indicating differences in financial performance, while the DER and ROE ratios indicate significant differences in financial performance.