PENGARUH CASH FLOW DAN DEBT RATIO TERHADAP STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR INDUSTRI TEKSTIL DAN GARMEN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research was conducted to examine the effect of cash flow and debt ratio on the capital structure of the textile and garment industry sub-sector manufacturing companies. The data used in this study were obtained from annual reports. Manufacturing companies, textile and garment industry sub-sectors which are the objects of research through the website while other secondary data is obtained from the site of the Bank Indonesia report and the Central Statistics Agency's publication report. The sampling technique used was purposive sampling. The sample in this study were 9 textile and garment companies. The data analysis technique used in this study is multiple linear analysis, classical assumptions and hypothesis testing. Based on the analysis, the results are obtained the cash flow affects the capital structure, and the debt ratio does not affect the capital structure. Judging from the value of R (Square) 0.697 which means that the cash flow and debt ratio have an effect of 69.7% on the capital structure, and 30.3% is influenced by other variable factors not examined in this study. From the F test analysis, the cash flow and debt ratio jointly influence the capital structure of the textile and garment industry sub-sector service companies