COSTING: Journal of Economic, Business and Accounting Volume 8 Nomor 3, Tahun 2025 e-ISSN : 2597-5234 KINERJA KEUANGAN SEBELUM DAN SESUDAH PROSES DEBT TO EQUITY SWAP PADA PERUSAHAAN YANG TERDAFTAR DI BEI PERIODE 2017-2023 Endang Rahmawijaya, M. Irfan Tarmizi, Andry Priharta Universitas Muhammadiyah Jakarta endang.rahmawijaya71@gmail.com, m.irfan@umj.ac.id, andry.priharta@umj.ac.id ABSTRACT The debt to equity swap method is carried out by private companies to save their companies. This study aims to analyze whether there is a difference between the current ratio, debt to equity ratio, return on equity ratio of the company before and after carrying out the debt to equity swap process. The type of quantitative analysis method used in this study is a difference test using the help of SPSS statistical software. The research data was obtained from the company's annual financial report published on the company's website and on the Indonesia Stock Exchange website during the 2017-2023 period. The research was conducted on companies listed on the Indonesia Stock Exchange during the 2017-2023 period. The number of research samples was 18 companies. The results of this study indicate that the current ratio is proven to have a significant difference before and after the implementation of the debt to equity swap. While the debt to equity ratio does not have a significant difference before and after the implementation of the debt to equity swap. Finally, the return on equity ratio does not have a significant difference before and after the implementation of the debt to equity swap. Keywords: Current Ratio, Debt To Equity Ratio, Return on Equity Ratio, Debt To Equity Swap ABSTRAK Metode debt to equity swap dilakukan perusahaan swasta atau private company untuk menyelamatkan perusahaannya. Penelitian ini bertujuan untuk menganalisis apakah ada perbedaan antara current ratio, debt to equity ratio, return on equity ratio perusahaan sebelum dan setelah melakukan proses debt to equity swap. Jenis metode analisis kuantitatif yang digunakan dalam penelitian ini adalah uji beda dengan menggunakan bantuan software statistik SPSS. Data penelitian diperoleh dari laporan keuangan tahunan perusahaan yang diterbitkan pada situs perusahaan dan di website Bursa Efek Indonesia selama periode 2017-2023. Penelitian dilakukan pada perusahaan yang terdaftar Bursa Efek Indonesia selama periode 2017-2023. Jumlah sampel penelitian adalah 18 perusahaan. Adapun hasil penelitian ini menunjukkan bahwa current ratio terbukti memiliki perbedaan signifikan sebelum dan setelah pelaksanaan debt to equity swap. Sedangkan debt to equity ratio tidak memiliki perbedaan signifikan sebelum dan setelah pelaksanaan debt to equity swap. Terakhir, return on equity ratio tidak memiliki perbedaan signifikan sebelum dan setelah pelaksanaan debt to equity swap. Kata Kunci: Current Ratio, Debt To Equity Ratio, Return on Equity Ratio, Debt To Equity Swap