Analisis Pengelolaan Hutang Jangka Pendek terhadap Kelancaran Arus Kas pada UMKM Toko Madura di Kota Surabaya

Mahsa Alifyah Tsani; Jihan Bintang Angely; Sri Rahayuningsih

doi:10.61132/keat.v2i3.1753

Authors

Mahsa Alifyah Tsani Universitas 17 Agustus 1945 Surabaya
Jihan Bintang Angely Universitas 17 Agustus 1945 Surabaya
Sri Rahayuningsih Universitas 17 Agustus 1945 Surabaya

DOI:

https://doi.org/10.61132/keat.v2i3.1753

Keywords:

Cash Flow, Financial Management, MSMEs, Short-Term Debt, Toko Madura

Abstract

This study aims to analyze the management of short-term debt and its impact on cash flow smoothness in Toko Madura micro, small, and medium enterprises (MSMEs) in Surabaya City. Using a qualitative descriptive approach, the research was conducted through in-depth interviews and field observations at Toko Madura Barokah located in Pasar Wonokromo. The results show that short-term debt management is characterized by flexibility and trust-based relationships between store owners and suppliers, with payment terms ranging from 10 to 14 days. Debt management is carried out adaptively according to sales fluctuations and cash flow conditions. The average ratio of short-term debt to monthly cash flow is 17.2%, indicating that the debt level remains within a safe and manageable range. However, the financial recording system remains simple and lacks separation between personal and business finances, which may cause inaccuracies in cash control. Overall, short-term debt management contributes positively to cash flow stability through trust and payment discipline. Nevertheless, improving financial literacy and implementing a more structured accounting system are necessary to support sustainable business growth and better financial decision-making.

Downloads

Download data is not yet available.

References

Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99–120. https://doi.org/10.1177/014920639101700108

Brigham, E. F., & Houston, J. F. (2019). Dasar-dasar manajemen keuangan (Edisi 15). Salemba Empat.

Gitman, L. J., & Zutter, C. J. (2015). Principles of managerial finance. Pearson.

Hery. (2020). Akuntansi dasar 1 & 2. Grasindo.

Kasmir. (2021). Analisis laporan keuangan. Rajawali Pers.

Miles, M. B., Huberman, A. M., & Saldaña, J. (2014). Qualitative data analysis: A methods sourcebook (3rd ed.). Sage Publications.

Moleong, L. J. (2019). Metodologi penelitian kualitatif. PT Remaja Rosdakarya.

Rahmawati, S. (2021). Pengaruh manajemen hutang terhadap likuiditas UMKM. Jurnal Akuntansi Indonesia, 9(1), 45–55.

Riyanto, B. (2019). Dasar-dasar pembelanjaan perusahaan. BPFE.

Ross, S. A., Westerfield, R., & Jordan, B. D. (2019). Fundamentals of corporate finance. McGraw-Hill Education.

Sari, M., & Hartono, R. (2023). Analisis penggunaan modal kerja terhadap efisiensi arus kas UMKM ritel. Jurnal Ekonomi Terapan, 11(3), 112–124.

Setiawan, R., & Pratama, H. (2021). Analisis arus kas terhadap kelangsungan usaha UMKM. Jurnal Ekonomi dan Bisnis, 15(2), 87–96. https://doi.org/10.24853/trd.2.2.87-102

Sugiyono. (2020). Metode penelitian kuantitatif, kualitatif, dan R&D. Alfabeta.

Wulandari, N. (2022). Pengaruh hutang dagang terhadap kinerja keuangan UMKM ritel. Jurnal Bisnis dan Manajemen, 18(1), 33–42.

Yuliana, D. (2022). Pengaruh pengelolaan hutang jangka pendek terhadap kelancaran arus kas pada UMKM di Jawa Timur. Jurnal Ekonomi dan Bisnis Nusantara, 8(2), 145–156.