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Akhmad Akbar
University of Pamulang
Economics, Econometrics & Finance

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The Effect of Current Ratio (CR) and Assets Structure on Debt To Equity Ratio (DER) in PT Aneka Tambang Tbk from 2011 to 2020 Akhmad Akbar; Endang Nurita
Indonesian Financial Review Vol. 2 No. 2 (2022)
Publisher : Yayasan Pendidikan Penelitian dan Pengabdian Al-amsi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55538/ifr.v2i2.17

Abstract

This study aims to determine the effect of the current ratio (CR) on the debt to equity ratio (DER) and the effect of asset structure on the debt to equity ratio (DER) partially and the effect of the current ratio (CR) and asset structure on the debt to equity ratio (DER). ) simultaneously at PT Aneka Tambang Tbk for the 2011-2020 period. The research method used in this study is descriptive quantitative. The population of this study is the annual financial statements of PT Aneka Tambang Tbk for the period 2011-2020 and the sample in this study is the financial position statements of PT Aneka Tambang Tbk for the period 2011-2020. Data analysis used hypothesis testing with t and F statistical tests using SPSS (Statistical Product and Service Solutions) 25. Partial research results show that the current ratio (CR) has no effect on debt to equity ratio (DER). Asset structure has no effect on the debt to equity ratio (DER). The results of the study simultaneously stated that the current ratio (CR) and asset structure had no effect on the debt to equity ratio (DER).
The Effect of Debt-to-Equity Ratio and Net Profit Margin on Dividend Payout Ratio at PT Mayora Indah Tbk During 2013-2024 Zahra Aulia Fahira; Akhmad Akbar
Indonesian Financial Review Vol. 5 No. 2 (2025)
Publisher : Yayasan Pendidikan Penelitian dan Pengabdian Al-amsi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55538/ifr.v5i2.83

Abstract

This study examines the effect of capital structure and profitability on dividend policy at PT Mayora Indah Tbk during the 2013–2024 period. Using a quantitative approach with multiple regression analysis, the Debt to Equity Ratio (DER) represents capital structure, Net Profit Margin (NPM) measures profitability, and the Dividend Payout Ratio (DPR) reflects dividend policy. The results show that, partially, DER has a significant negative effect on DPR, indicating that higher leverage constrains dividend distribution. NPM also has a significant negative effect on DPR, suggesting that profitability is often retained as internal financing rather than distributed as dividends. Simultaneously, DER and NPM significantly affect DPR. The coefficient of determination of 54.9% indicates that more than half of dividend payout variation is explained by these variables. The findings highlight the strategic role of leverage and profitability in dividend policy decisions.
Co-Authors Endang Nurita Zahra Aulia Fahira