PENGARUH PROFITABILITAS, SOLVABILITAS, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR SEKTOR FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aims to determine, examine, and analyze the effect of profitability, solvability, and liquidity on the firm value of Pharmaceutical manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2019-2023. The profitability was measured by Return On Assets, solvability was measured by Debt to Assets Ratio, and liquidity was measured by Current Ratio. The study applies quantitatively manufacturing companies listed on the Indonesia Stock Exchange (IDX). The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 6 companies as the sample. Moreover, the data were taken for 5 years (2019-2023). In total, 30 data samples were analyzed. The data analysis technique used multiple linear regression with SPSS 26 version. The result shows profitability (Return On Assets) has a positive and significant effect on firm value. However, solvability (Debt to Assets Ratio). As well as liquidity (Current Ratio), has a negative and insignificant effect on firm value.