CURRENT RATIO DAN LEVERAGE RATIO DALAM MEMPERGARUHI PROFITABILITAS PADA PT. ASTRA INTERNASIONAL TBK. PERIODE 2014-2023
DOI:
https://doi.org/10.61722/jrme.v3i2.8900Keywords:
Current Ratio, Debt to Equity Ratio, Return on Assets, Profitability, PT. Astra International, TbkAbstract
This study aims to analyze the effect of Current Ratio (CR) and Leverage Ratio Debt to Equity Ratio (DER) ) on profitability measured using Return on Assets (ROA) at PT. Astra International Tbk. for the period 2014-2023. This type of research is quantitative using secondary data in the form of financial reports. The results of this study indicate that partially Current Ratio has a significant negative effect on Return on Assets. These results are indicated by the value (T count > T table) (-5.247 > 1.8945) Debt to Equity Ratio (DER) has no effect on Return on Assets (ROA). These results are proven by (T count <T table) (568 <1.8945). Simultaneously Current Ratio and Debt to Equity Ratio have an effect on Return on Assets. The results of this study are supported by the (F- count > F-table) (18.572 > 4.74). This study concludes the need for more optimal financial management and consideration of other factors influencing a company's financial performance. This research provides theoretical and practical benefits for the development of financial management science and investment decision-making.
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