The Effect of Liquidity and Debt Policy on Company Performance at PT. Fast Food Indonesia Tbk.
Abstrak
This study aims to assume whether there is an effect of Liquidity and Debt Policy on Company Performance at PT. Fast Food Indonesia Tbk in 2011-2021 either partially or simultaneously. The research method used is quantitative research method . The population used in this study is the financial statements of PT. Fast Food Indonesia Tbk. The sample used is the financial statements in the form of balance sheets and income statements of PT. Fast Food Indonesia Tbk in 2011-2021. Based on the results of the research, the results of the t-test obtained a count for Liquidity (Current Ratio) of 1.191 < table 2.20099 and a significance value of 0.268> 0.05, meaning that partially Liquidity (Current Ratio) has no positive and significant effect on Company Performance (Return On). equity). And count Debt Policy (Debt To Equity Ratio) of -2,930 > table 2.20099 and a significance value of 0.019 <0.05, meaning that partially Debt Policy (Debt To Equity Ratio) has a negative and significant effect on Company Performance (Return On Equity). For the F test, Fount is 32.417 > Fable 4.26 and a significance value of 0.000 <0.05, which means that simultaneously Liquidity (Current Ratio) and Debt Policy (Debt To Equity Ratio) have a positive and significant effect on Company Performance (Return On Equity).
Referensi
Armin, K. (2019). Pengaruh Current Ratio dan Debt to Equity Ratio terhadap Return on Equity pada perusahaan Food and Baverage yang terdaftar di Indonesia Stock Exchange (IDX) tahun 2012-2016. Jurnal Media Wahana Ekonomika, 15(2), 53-63.
Dr. H.B. Siswanto., M. (2018). Pengantar Manajemen. Jakarta: Bumi Aksara.
Fahmi, Irham. (2014). Analisis Kinerja Keuangan. Bandung: CV Alfabeta.
Ghozali, Imam. (2018). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 25. Cetakan ke-9. Semarang : Badan Penerbit Universitas Diponogoro.
Hakim, L., Sunardi, N. (2017). Determinant of leverage and it's implication on company value of real estate and property sector listing in IDX period of 2011-2015. Man in India, 97(24), pp. 131-148.
Hendawati, H. (2017). Analisis Current Ratio, Debt to Equity Ratio dan Total Asset Turn Over Terhadap Return on Equity. Jurnal Sikap, 1(2), 97-111.
Husain, T., & Sunardi, N. (2020). Firm's Value Prediction Based on Profitability Ratios and Dividend Policy. Finance & Economics Review, 2(2), 13-26.
Kadim, A., & Sunardi, N. (2022). Financial Management System (QRIS) based on UTAUT Model Approach in Jabodetabek. International Journal of Artificial Intelligence Research, 6(1).
Kadim, A., Sunardi, N & Husain, T. (2020). The modeling firm's value based on financial ratios, intellectual capital and dividend policy.Accounting, 6(5), 859-870.
Kasmir, S. M. (2016). Pengantar Manajemen Keuangan. Jakarta: Kencana Prenada Media Group.
Kasmir. (2015). Analisis Laporan Keuangan. Cetakan ke-8. Jakarta: PT RajaGrafindo Persada.
Khoiriah, N. (2019). Pengaruh Current Ratio, Debt To Equity Ratio Dan Total Asset Turnover Terhadap Return On Equity Implikasinya Pada Nilai Perusahaan (Pbv). Jurnal Ekonomi Efektif, 2(1).
Latan, Hengki dan Selva Temalagi. (2013). Analisis Multivariate Teknik dan Aplikasi Menggunakan Program IBM SPSS 20.0. Cetakan kesatu. Bandung: CV Alfabeta.
Mawarni, A. N., & Kusjono, G. (2021). Pengaruh Current Ratio dan Debt To Equity Ratio terhadap Return On Equity pada PT Pan Pacific Insurance, Tbk Tahun 2011-2018. Jurnal Disrupsi Bisnis: Jurnal Ilmiah Prodi Manajemen, Fakultas Ekonomi, Universitas Pamulang, 4(1), 76-85.
Nardi Sunardi Et Al (2020). Determinants of Debt Policy and Company’s Performance, International Journal of Economics and Business Administration Volume VIII Issue 4, 204-213
Nurmasari, I. (2019). Pengaruh Pertumbuhan Pendapatan, Current Ratio Dan Debt to Equity Terhadap Return on Equity Pada Perusahaan Perkebunan Di Bursa Efek Indonesia 2010-2017. Jurnal Sekuritas (Saham, Ekonomi, Keuangan Dan Investasi), 2(3), 34-44.
Pongrangga, R. A. (2015). Pengaruh Current Ratio, Total Asset Turnover dan Debt to Equity Ratio Terhadap Return On Equity (Studi Pada Perusahaan Sub Sektor Property dan Real Estate yang Terdaftar di BEI Periode 2011-2014). Jurnal Administrasi Bisnis, 25(2).
Pratomo, A. J. (2017). Pengaruh Debt to Equity Ratio (DER) dan Current Ratio (CR) Terhadap Return on Equity (ROE). Studi Empiris Pada Perusahaan Sub Sektor Kabel Yang Terdaftar di Bursa Efek Indonesia Pada Tahun 2013-2016. Jurnal Administrasi Bisnis, 5(4), 942-956.
Priyatno, Duwi. 2017. Panduan Praktis Olah Data Menggunakan SPSS. Yogyakarta: C.V ANDI OFFSET.
Prof. Dr. H. Musthafa, S. M. (2017). Manajemen Keuangan. Yogyakarta: CV. ANDI OFFSET.
Rue, G. R. (2019). Dasar-Dasar Manajemen. Jakarta: Bumi Aksara.
Sabrina, N. (2020). Pengaruh Current Ratio dan Debt To Equity Ratio Terhadap Return On Equity pada PT. Indah Kiat Pulp & Paper, Tbk Periode 2012-2018. WACANA EKONOMI (Jurnal Ekonomi, Bisnis dan Akuntansi), 19(2), 98-107.
Sagala, I. A. W., Pane, C. J., Yolanda, E., Yanti, N. F., & Panggabean, M. S. (2020). Pengaruh Debt to Equity Ratio, Current Ratio, dan Total Asset Turnover terhadap Return on Equity pada Perusahaan Consumer Goods Industry. Jurnal Ilmiah Universitas Batanghari Jambi, 20(3), 856-861.
Sugiyono. (2017). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Cetakan ke-27 Bandung: CV Alfabeta.
Sunardi, N., & Febrianti, F. (2020). Likuiditas dan Kebijakan Hutang pengaruhnya terhadap Kinerja Perusahaan dan dampaknya terhadap nilai perusahaan pada industri sektor telekomunikasi di indonesia. JIMF (Jurnal Ilmiah Manajemen Forkamma), 3(3).
Sunardi, N., & Lesmana, R. (2020). Konsep Icepower (Wiramadu) sebagai Solusi Wirausaha menuju Desa Sejahtra Mandiri (DMS) pada Masa Pandemi Covid-19. JIMF (Jurnal Ilmiah Manajemen Forkamma), 4(1).
V. Wiratna Sujarweni, L. R. (2019). The Master Book of SPSS. Yogyakarta: Anak Hebat Indonesia.
Wahyuni, S. F. (2017). Peran kepemilikan institusional dalam memoderasi pengaruh Current Ratio, Debt to Equity ratio, Total asset turnover dan inventory turnover terhadap Return On Equity di Bursa Efek Indonesia. Jurnal Riset Finansial Bisnis, 1(2), 147-158.
##submission.copyrightStatement##
##submission.license.cc.by4.footer##Open Access
IDEA (International Development of Economics and Administration Journal) is a national peer reviewed and open access journal that publishes significant and important research from all area of Development of Economics and Administration.
This journal provides immediate open access to its content that making research publish in this journal freely available to the public that supports a greater exchange of knowledge.
Copyright
Submission of a manuscript implies that the submitted work has not been published before (except as part of a thesis or report, or abstract); that it is not under consideration for publication elsewhere; that its publication has been approved by all co-authors. If and when the manuscript is accepted for publication, the author(s) still hold the copyright and retain publishing rights without restrictions. Authors or others are allowed to multiply article as long as not for commercial purposes. For the new invention, authors are suggested to manage its patent before published. The license type is CC-BY-SA 4.0.
Disclaimer
No responsibility is assumed by publisher and co-publishers, nor by the editors for any injury and/or damage to persons or property as a result of any actual or alleged libelous statements, infringement of intellectual property or privacy rights, or products liability, whether resulting from negligence or otherwise, or from any use or operation of any ideas, instructions, procedures, products or methods contained in the material therein.