Pengaruh likuiditas, leverage, dan struktur modal terhadap kinerja keuangan

Abstract

The purpose of this study is to conduct empirical tests on liquidity, leverage, and capital structure on financial performance. This study is a quantitative study using secondary data in the form of financial statements of manufacturing companies in the food and beverage sub-sector as many as 26 companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2020 observation period. The population in this study are all food and beverage sub-sector companies in 2015-2020. The sample selection in this study used a purposive sampling method so as to obtain as many as 10 companies with 60 observational data carried out for 6 observation periods. The data analysis method used was multiple linear regression analysis which was obtained with the SPSS Version-23 application program. The variables used to measure liquidity are the current ratio (CR), leverage is measured by debt to equity ratio (DER), and capital structure is measured by debt to assets ratio (DAR). Based on the results of the research analysis, it can be concluded that liquidity (CR), leverage (DER), and capital structure (DAR) affect financial performance (ROA).