PENGARUH LIKUIDITAS, SOLVABILITAS DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN TEKSTIL DAN GARMENT DI BEI

Abstract

This research aimed to find out, analyze and examine the effect of liquidity, solvability,
and profability on the firm value of the textile and garment industry listed on the
Indonesia Stock Exchange (IDX) during 2018-2022. Furthermore, liquidity was measured
by the Current ratio, solvability was measured by Debt to Equity Ratio, and profitability
was measured by Return on Asset. The research was causal-comparative with
quantitative. Moreover, the data collection used purposive sampling. The data were
secondary data in the form of companies’ financial statements listed on IDX.
Furthermore, the population was 22 textile and garment industries. In line with that,
there were 9 companies listed on IDX during 2018-2022 as the sample. The data analysis
technique used multiple linear regression SPSS 25.0 version. Additionally, the result
showed that liquidity (CR) had a significantly positive effect on the firm value. However
solvability (DER) had a negative and insignificant effect on the firm value. In contrast,
profitability (ROA) had a significant and positive effect on the firm value.