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Journal : Formosa Journal of Multidisciplinary Research (FJMR)

The Influence of the Current Ratio and Debt to Asset Ratio on Firm Value at PT Surya Semesta Internusa Tbk Bulan Oktrima
Formosa Journal of Multidisciplinary Research Vol. 3 No. 5 (2024): May 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/fjmr.v3i5.9234

Abstract

The results of this research aim to reveal several things, namely, to determine the influence of the Current Ratio (CR), Debt to Asset Ratio (DAR)) on Firm Value (Tobin's Q), with partial and simultaneous Firm Value (Tobin's Q) at PT Surya Semesta Internusa Tbk for the 2009-2019 period. The nature of this research is quantitative descriptive. using secondary data, with the classic Asumi test and the method used to test and analyze the influence partially and simultaneously is by using the correlation coefficient test, coefficient of determination test, and hypothesis testing, namely the t test and f test. Testing the Current Ratio (CR) hypothesis does not have a significant effect on the Firm Value (Tobin's Q) at PT Surya Semesta Internusa Tbk for the 2009 - 2019 period. The results of the T test show that Tcount is 0.684 with a comparison of Ttable of 1.860. The significant value is 0.514 > 0.05 then it can be concluded that Ho1 is accepted and Ha1 is rejected. Debt to Asset Ratio (DAR) has a positive and insignificant effect on Firm Value (Tobin's Q) at PT Surya Semesta Internusa Tbk for the 2009 - 2019 period. The results of the T test show that Tcount is 2.134 as large as the Ttable ratio of 1.860. As for the significant value of 0.065 > 0.05, it can be concluded that Ho2 is accepted and Ha2 is rejected. Current Ratio (CR) and Debt to Asset Ratio (DAR) together do not have simultaneous a significant effect on Firm Value (Tobin's Q) at PT Surya Semesta Internusa Tbk. The results of the F test show that Fcount is 2.376 with a comparison of Ftable of 4.460. As for the significant value of 0.155 > 0.05, it can be concluded that Ho3 is accepted and Ha3 is rejected. Y=0.126 – 0.106X1 + 1.331X2.
Co-Authors Ade Ratna Sari Ade Ratna Sari, Ade Ratna Akbar, Arief Rahman Ali Zaenal Abidin Ali Zaenal Abidin Ali Zainal Abidin Ali Zainal Abidin Amelia, Hilda Nur Anjani, Fera Aria Aji Priyanto Arief Rahman Akbar Asridah Warni Tanjung AYU LESTARI Baliyah Munadjat Munadjat Budhi Prabowo Budi Sutrisno Cay, Sam DARSITA, ITA Derita Qurbani Dewi Kurnia Dewi Nari Ratih Permada Ega Saputri J., Andriny Eko Sudarso Eko Sudarso Eti Ariyanti Fahmi Susanti Febriyanti Feliana, Lia Fidia Safitri Gina Fauziah Gos Ishak Handayani, Pamella Saras HENDRI PRASETYO Hendri Prasetyo Heri Saputra Hestu Nugroho Warasto Hira Maulida Ina Lisa Astuti Indriani, Vini Intan sari Budhiarjo Irawati, Laila Ishak, Gos Ita Darsita Jamaludin . Jamaludin Jamaludin Jati, Waluyo Krisnaldy Laila Irawati Maulida, Hira Metarini, Rr. Ayu Muhammad Iqbal Juliansyah Muliahadi Tumanggor Muliahadi Tumanngor Munadjat, Baliyah Munadjat Novratilova Riani Nurmin Arianto Nursanda Putri, Fika Nurwita Nurwita Nurwita, Nurwita Pasaribu, Veta Lidya Delimah Permada, Dewi Nari Ratih Priyanto, Aria Aji Putri, Firliana Andita Qurbani, Derita Rahmawati, Hanny Alfiyyah Rianti, Lutfinaya Habibah Rifa’i, Rohman Risza Putri Elburdah Rohman Rifa’i Rr Ayu Metarini Rr. Ayu Metarini Rusilowati, Umi Safan, Azian M. Sairin Sairin Saputra, Heri Shelby Virby Styo Budi Utomo Sudarso, Eko Sulaiman Sulaiman Sulaiman Sulaiman Sulaiman Sulaiman Sumiaty, Raden Yeti Supardi Supardi Supardi Supardi Susanti, Fahmi Tanjung, Jepri Tri Wartono Tumanngor, Muliahadi Ugeng Budi Haryoko Utomo, Styo Budi Veta Lidya Delimah Pasaribu Wahyudi Wahyudi Waluyo Jati Waluyo Jati Wartono, Tri Widia Astuti Widia Astuti