PENGARUH CURRENT RATIO, RETURN ON ASSETS, DAN DEBT TO EQUITY RATIO TERHADAP HARGA SAHAM LQ45 DI BEI

Abstract

This research aimed to examine the financial ratio on the company’s stock price which was included in the LQ45 index at the Indonesia Stock Exchange. Furthermore, the financial ratios were the liquidity ratio which was measured by Current Ratio (CR), the profitability ratio which was measured by Return on Assets (ROA), and the leverage ratio which was measured by Debt to Equity Ratio (DER). The research was quantitative. Moreover, the data collection technique used a purposive sampling i.e., a sample selection with determined criteria. In line with that, there were 24 samples from specified 45 populations. In total, 120 data samples were analyzed. Additionally, the data analysis technique used multiple linear regressions with SPSS (Statistical Product and Service Solution) 29. The result showed that the Current Ratio (CR) had a positive but insignificant effect on the stock price of the LQ45 companies index. On the other hand, the Return on Assets (ROA) had a negative and significant effect on the stock price of the LQ45 companies index. Likewise, Debt to Equity Ratio (DER) had a negative and significant effect on the stock price of the LQ45 companies index.