PENGARUH PROFITABILITAS, FREE CASH FLOW, PERTUMBUHAN PENJUALAN, UKURAN PERUSAHAAN TERHADAP KEBIJAKAN HUTANG

Abstract

This study aimed to analyze and examine the effect of profitability, free cash flow, sales growth and size of the
company debt policy. The population in this study are firms Food and Beverages in the Indonesia Stock
Exchange. The sampling technique used purposive sampling, data collection techniques using documentation
technique derived from the annual report. Analysis of data using multiple linear regression analysis. The results
of this study indicate that profitability has a negative impact, which means companies with a high rate of return
that allows the company to finance the majority of internal funding, free cash flow has a negative relationship
means with their free cash flow that is higher by a manager can be used to pay debt , to distribute dividends to
shareholders, and to finance the company's operations and can be reinvested, sales growth has a negative
impact, which means that companies that have a high acceptance, it means having the ability of internal funding
is high, while the size of the company has a positive effect means that the size of the company which likely means
companies have more stable cash flow, the lower the risk of defaults, and have easy access to credit
Keywords: profitability, free cash flow, sales growth, firm size, debt policy.