PENGARUH LEVERAGE DAN LIKUIDITAS TERHADAP PROFITABILITAS PADA PERUSAHAAN OTOMOTIF DI BEI

Abstract

The purpose of this research is to find out the influence of debt to asset ratio, debt to equity ratio, time interest
earned, current ratio and cash ratio to the profitability of a automotive companies which are listed in Indonesia
stock exchange (IDX) in 2010-2014 periods. Based the result of the analysis and the hypothesis, it hs been
generated: (1) Debt to asset ratio has significant negative influence to the profitability of automotive companies
which are listed in Indonesia Stock Exchange; (2) Debt to equity ratio has positive significant influene to the
profitability of automotive companies which are listed in Indonesia Stock Exchange; (3) Time interesteEarned
has positif signifikan influence to the profitability of automotif companies which are listed in Indonesia Stock
Exchange; (4) Current ratio has positive significant influence to the profitability of automotive companies which
are listed in Indonesia Stock Exchange; (5) Cash ratio has significant negative influence to the profitability of
automotive companies which are listed in Indonesia Stock Exchang. It has been found from the result of the
research that Time Interest Earned has the most dominant influence to the profitability. The determination
coefficient which has been gained is 0.0630 or 63%. It shows that the influence of independent variables is 63%.

Keywords: DAR, DER, TIER, CR, and CHR