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Laporan ManajemenManagement ReportProfil PerusahaanCompany ProfileAnalisa & Diskusi ManajemenManagement Discussion & AnalysisIkhtisar 20202020 HighlightsPT Pertamina Hulu Energi2020 Laporan Tahunan TerintegrasiIntegrated Annual Report 254KEMAMPUAN MEMBAYAR UTANG DAN KOLEKTIBILITAS PIUTANGSolvability and Collectibility%u2022 Liability Ratio against Assets, which is calculated by comparing total liabilities and total assets. The Company%u2019s total Solvency Ratio in 2020 showed a decrease, which was influenced by the increase of Company equity higher than the increase of Company liabilities. In general, the Company%u2019s capability to pay its obligations was relatively good.COLLECTABILITYThe Company does not separate the calculation of receivables collectibility between long term and short term. The PHE Receivables Collectability rate in 2020 was recorded at 84.75 days, an increase compared to 72.17 days in 2019. This condition occurred due to an increase in the balance of trade receivables between the Company and Pertamina (Persero) and entities under common control as well as administrative constraints due to the Covid-19 pandemic.%u2022 Rasio Liabilitas terhadap Aset yang dihitung dengan cara membandingkan jumlah liabilitas dengan jumlah aset. Nilai Rasio Solvabilitas Perusahaan pada tahun 2020 menunjukkan adanya adanya peningkatan, dan hal ini dipengaruhi oleh peningkatan liabilitas Perusahaan serta penurunan ekuitas Perusahaan. Secara umum kemampuan Perusahaan dalam membayar kewajibankewajibannya masih relatif baik. UraianDescription 2020 2019Pertumbuhan | GrowthJumlah Amount %Rasio Solvabilitas (%) | Solvency Ratio (%)Rasio Liabilitas terhadap EkuitasLiabilities to Equity Ratio 91,85 81,02 10,83 13,37Rasio Liabilitas terhadap AsetLiabilities to Assets Ratio 47,88 44,76 3,12 6,97TINGKAT KOLEKTIBILITAS PIUTANGPerusahaan tidak memisahkan perhitungan tingkat kolektibilitas piutang jangka panjang dan jangka pendek. Tingkat Kolektibilitas Piutang PHE pada tahun 2020 tercatat 84,75 hari, bertambah dibanding dengan tahun 2019 sebanyak 72,17 hari. Kondisi tersebut terjadi karena adanya peningkatan saldo piutang usaha antar Perusahaan dengan Pertamina (Persero) dan entitas sepengendali serta kendala administrasi dampak pandemi Covid-19.UraianDescription 2020 2019Pertumbuhan | GrowthJumlah Amount %Rasio Perputaran (Hari) | Turnover Ratio (Days)Collection PeriodCollection Period 84,75 72,17 41,50 135,30Perputaran Total AsetTotal Assets Turnover 42,45 65,21 (5,46) (7,73)

