PENGARUH LIKUIDITAS DAN STRUKTUR MODAL TERHADAP PROFITABILITAS PADA PERUSAHAAN SEKTOR HEALTHCARE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2023-2025.
DOI:
https://doi.org/10.35446/akuntansikompetif.v9i3.2990Abstract
The study aims to examine the effect of liquidity and capital structure on profitability in healthcare sector companies listed on the Indonesia Stock Exchange during the 2023-2025 period. The study uses a quantitative approach using panel data regression analysis. Liquidity is measured by Current Ratio, capital structure is measured by Debt to Equity Ratio, and profitability is measured by Return on Assets. The sample was selected using purposive sampling, resulting in 33 companies with a total of 99 balanced panel observations. The regression analysis using the Random Effect Model (REM) indicates that liquidity has a positive and statistically significant effect on profitability, with a coefficient of 0.013189 and a p-value of 0.0488. In contrast, capital structure has a coefficient of 0.010387 with p-value of 0.4437, indicating that it does not have a statistically significant effect on profitability. Simultaneously, liquidity and capital structure do not have a significant effect on profitability, as indicated by the Prob(F-statistic) value of 0.139843. These findings suggest that a company's ability to meet its short-term obligations contributes to profitability, while its capital structure does not significantly influence profitability among healthcare companies during the study period.
Keywords: Earnings Per Share, Firm Size, Healthcare Sector, Profitability,and Solvability
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