PENGARUH LIKUIDITAS, AKTIVITAS, PROFITABILITAS DAN PERTUMBUHAN PENJUALAN TERHADAP STRUKTUR MODAL INDUSTRI BARANG KONSUMSI DI BURSA EFEK INDONESIA (BEI)

Abstract

Increasingly high business competition requires companies to pay attention to funding
management to ensure the availability of capital, so that growth and increase in
market share can run well. The aims of this study is to examine the effect of CR, TATO,
ROA, and sales growth on capital structure. The population is 72 consumer goods
industrial companies that go public and the sample used is 18 companies using
judgment sampling technique with associative research methods. The results showed
that simultaneously, CR, TATO, ROA, and Sales Growth had an effect on the capital
structure. Partially TATO, and sales growth affect the capital structure, while CR and
ROA have no significant effect. The company management should consider CR, ROA.
This is because the company must determine the ratio of the amount of debt and its
own capital so that the optimal capital structure can be achieved. This method is done
by considering factors such as liquidity (current ratio), profitability (return on assets),
and sales growth.