PENGARUH MATURITAS UTANG, PROFITABILITAS, CASH HOLDING, DAN PERTUMBUHAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN PERTAMBANGAN

Abstract

This research examines the effect of debt maturity, profitability, cash holding, and company growth on firm value. The debt maturity was measured by Debt Maturity (DM), profitability was measured by Net Profit Margin (NPM), cash holding was measured by Cash Holding (CH), company growth was measured by Total Asset Growth (TAG), and firm value was measured by Price to Book Value (PBV). The research applies quantitatively. Furthermore, the population consists of mining companies listed on the Indonesia Stock Exchange (IDX) 2019-2023. The data used were secondary in the form of the annual report. Moreover, the data collection technique used purposive sampling with 3 criteria given for the sample. In line with that, there were 21 companies fulfilled the criteria as the sample. Therefore, 105 data samples were analyzed. Additionally, the data analysis technique used multiple linear regression. The result shows that debt maturity, profitability, cash holding, and company growth have a positive effect on firm value. It means, the higher the debt maturity and profitability are, the more firm value will increase. Likewise, the higher, the cash holding and company growth are, the higher the firm value will be. In short, debt maturity, profitability, cash holding, and company growth can give positive signals to investors to make investment decision-making.