Influence of Current Ratio, Debt To Asset and Return On Asset on Financial Distress (Study of Manufacturing Companies Listed on the Indonesian Stock Exchange for the 2021-2023 Period)
Pengaruh Current Ratio, Debt To Asset dan Return On Asset terhadap Financial Distress (Studi pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia Periode 2021-2023)
DOI:
https://doi.org/10.21070/ups.8513Keywords:
Current Ratio, Debt to Asset Ratio, Return on assets, Financial DistressAbstract
This study is to analyze the effect of current ratio, debt to asset ratio, and return on assets on financial distress. The research focuses on manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period. A quantitative method is employed to address the research questions. The population of the study consists of all manufacturing companies listed on the IDX from 2021 to 2023, with a purposive sampling technique used to determine the research sample. Based on the sampling criteria, a total of 56 companies were selected, resulting in 168 financial statements analyzed. Data analysis was conducted using multiple linear regression with the assistance of the EViews software. The results show that the current ratio and return on assets have a significant effect on financial distress. However, the debt to asset ratio does not have a significant effect on financial distress in manufacturing companies listed on the IDX.
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