PENGARUH HUTANG JANGKA PENDEK, HUTANG JANGKA PANJANG DAN KINERJA KEUANGAN TERHADAP PROFITABILITAS

Abstract

This research aims to examine the influence of short-term debt, long-term debt and financial performance proxyed by the Current Ratio and Total Debt to Total Assets Ratio to profitability proxied by Return on Assets Ratio through financial statements prepared by the paper and pulp companies which listed on the Indonesia Stock Exchange. The population in this research is obtained by using purposive sampling method at paper and pulp companies which listed in Indonesia Stock Exchange (IDX) during 2010-2016 period and based on predetermined criterion, the sample of 5 companies of paper and pulp. The analysis method used is multiple linear regression analysis with using SPSS version 20. The results of research based on t test show that partially long-term debt variable has a negative and significant influence on profitability, and variable Current Ratio have a positive and significant influence on profitability. While the variable short-term debt and Total Debt to Total Assets Ratio has influenced positively and not significant on profitability. Based on F test, simultaneously variable of short term debt, long term debt, Current Ratio and Total Debt to Total Assets Ratio have an effect on profitability with significance level equal to 0,025.
Keywords: Short-term debt, long-term debt, financial performance, profitability.