The Effect of Current Ratio, Debt To Asset Ratio and Debt To Equity Ratio on Company Value In Technology Sector Companies
Abstract
This study aims to determine the influence of the variables Current Ratio, Debt to Asset Ratio and Debt to Equity Ratio both partially and simultaneously on the Company Value of Technology Sector companies listed on the IDX for the 2018-2022 Period. The research method used in this study is a quantitative method with a descriptive approach. The population of the study was carried out on 44 companies in the Technology Sector listed on the IDX and a sample of 30 data with 6 companies using financial statements in the form of financial position reports, financial overviews, and stock price overviews for the 2018-2022 period. The analysis technique used is the regression analysis method of panel data using Eviews 12 and hypothesis testing. Based on the results of the partial study using the t-test, the Current Ratio variable partially has no effect on the company value (PBV) with a calculated value of -1.268122 < a ttable of 2.05183 and a significant value of 0.2160 > 0.05, for the variable Debt to Asset Ratio partially has a significant effect on the company value (PBV) by obtaining a calculated value of -2.063895 < a ttable of 2.05183 and a significant value of 0.0491< 0.05, and the variable Debt to Equity Ratio partially affected and significant on the company's value (PBV) by obtaining a tcal of 4.348582 > a ttable of 2.05183 and a significant value of 0.0002< 0.05. The results of the F test simultaneously showed that the Current Ratio, Debt to Asset Ratio, and Debt to Equity Ratio had an effect on the Company Value (PBV) with an Fcal value of 6.691654 > the Ftable which was 2.98 and a significant value of 0.001697 < 0.05. The results of the determination coefficient test with an R Square value of 0.435702 or 43.57%, this shows that the Current Ratio, Debt to Asset Ratio, and Debt to Equity Ratio are able to explain and influence the Company Value (PBV) variables in technology sector companies listed on the IDX. Meanwhile, 56.43% was influenced by other variables.
