PENGARUH HUTANG JANGKA PANJANG, HUTANG JANGKA PENDEK, DAN PERPUTARAN MODAL KERJA TERHADAP PROFITABILITAS PERUSAHAAN FOOD AND BEVERAGES DI BEI TAHUN 2015-2019

Abstract

This research aimed to examine the effct of long and shor-term debts also working capital flow on profitability of Food and Beverages companies which were listed on Indonesia Stock Exchange 2015-2019 The population was 29 Food and Beverages companies. Moreover, the data collection technique used purposive sampling In line with, there were 12 companies as the sample. Furthermore, the research was quantitative with multiple linear regression as the data analysis technique. The research result concluded that long-emm debts had a negative and signiticant effect on profitability. It meant, the higher the long-term debts was, the higher the amount of interest cost would be taken. As a consequence, it could affiect the creditor to lend its funds. Likewise, working capital flow had a negative and significant effect on profitability. In other words, the fluctuation of its flow would affect profitability. On the other hand, short-temm debts had a positive and ignificant effiect on profitability. It meant, when shor-term debtswere high, it increased the advance of faster fund retum In suggestion, companies had to consider its long-term debts, advance of short-term debts and working capital flow, in order to maximize profitability within the creditors.
Keywords: long-trem debts, short-trem debts, working capital flow