Pengaruh Current Ratio, Debt to Equity Ratio dan Return on Asset terhadap Harga Saham pada Perusahaan Manufaktur Sektor Property dan Real Estate yang Terdaftar di  BEI

Juwita Manalu; Rikananda Sibarani; Benny Rojeston Marnaek Nainggolan

doi:10.31539/jomb.v4i2.4680

Juwita Manalu Universitas Prima Indonesia
Rikananda Sibarani Universitas Prima Indonesia
Benny Rojeston Marnaek Nainggolan Universitas Prima Indonesia

DOI: https://doi.org/10.31539/jomb.v4i2.4680

Abstract

This study aims to determine the effect of the variable current ratio, debt to equity ratio and ROA on capital structure. This research method is descriptive quantitative. Data collection techniques were carried out through documentation techniques and data analysis using multiple linear analysis using the F test and t test. The results showed, a) the current ratio variable has a value of tcount<ttable, namely -0.988<1.66105 with a significant level of 0.326> 0.05; b) the variable debt to equity ratio has a value of tcount<ttable, namely -3.217> 1.66105o with a significant level of 0.002<0.05; c) the ROA variable has a tcount<ttable value of 5.112>1.66105o with a significant level of 0.000<0.05. In conclusion, partially the current ratio has no significant effect on capital structure, the debt to equity ratio has a significant negative effect on capital structure and ROA has a significant positive effect on capital structure. Simultaneously showing the current ratio, debt to equity ratio and ROA affect the capital structure.

Keywords: Current Ratio, Debt to Equity Ratio, ROA, Capital Structure

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