The Effect of Current Ratio, Return on Assets, Total Asset Turnover and Sales Growth on Capital Structure in Manufacturing Company

Mohd. Nawi Purba; Erika Kristiany Br Sinurat; Ahmad Djailani; Winda Farera

doi:10.23887/ijssb.v4i3.27958

Authors

Mohd. Nawi Purba Fakultas Ekonomi, Universitas Prima Indonesia Medan, Indonesia
Erika Kristiany Br Sinurat Fakultas Ekonomi, Universitas Prima Indonesia Medan, Indonesia
Ahmad Djailani Fakultas Ekonomi, Universitas Prima Indonesia Medan, Indonesia
Winda Farera Fakultas Ekonomi, Universitas Prima Indonesia Medan, Indonesia

DOI:

https://doi.org/10.23887/ijssb.v4i3.27958

Keywords:

Capital Structure, Current Ratio, Return on Assets, Sales Growth Total Asset Turnover

Abstract

This study aimed to determine how much effect the Current Ratio, Return on Assets, Total Asset Turnover and Sales Growth have on the Capital Structure of manufacturing companies listed on the IDX from 2016 to 2018. The research method used was descriptive method and multiple linear analysis method. The population of this study was 144 companies with a sample of these companies, namely 73. The data used were financial reports published by the Indonesia Stock Exchange through the website www.idx.co.id. The variables related to this research are the Current Ratio, Return on Assets, Total Asset Turnover, and Sales Growth. The results showed that partially Current Ratio has a negative and significant effect on Capital Structure, Return on Asset did not have a significant effect on Capital Structure, and Total Asset Turn Over has no significant effect on Capital Structure, and Sales Growth has no significant effect on Capital Structure in manufacturing companies listed on the Indonesia Stock Exchange. Simultaneously Current Ratio, Return on Asset, Total Asset Turn Over and Sales Growth together have a significant effect on the capital structure of companies listed on the Indonesia Stock Exchange.

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