International Journal of Economy, Education and Entrepreneurship (IJE3)
Vol. 4 No. 2 (2024): International Journal of Economy, Education and Entrepreneurship

THE EFFECT OF CURRENT RATIO, RETURN ON ASSETS, AND DEBT TO EQUITY RATIO ON FINANCIAL DISTRESS IN PT HM SAMPOERNA TBK

Irnawati, Jeni (Unknown)
Asyidiq, Hasbi (Unknown)
Rismanty, Vidya Amalia (Unknown)



Article Info

Publish Date
30 Aug 2024

Abstract

This study aims to determine the effect of current ratio, return on assets, and debt to equity ratio on financial distress of PT HM Sampoerna Tbk. The analysis used is quantitative and associative analysis, descriptive test, multiple regression test, classical assumption test, hypothesis testing, determination test. Based on partial tests, current ratio has an influence on financial distress with a regression value of 7.988 and a significance of 0.000, return on assets has an influence on financial distress with a regression value of 9.931 and a significance of 0.000, and debt to equity ratio has an influence on financial distress with a regression value of 2.603 and a significance of 0.035. Based on the simultaneous test, current ratio, return on assets, and debt to equity ratio have an effect on financial distress with a regression value of 168.569 and a significance of 0.000

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Journal Info

Abbrev

home

Publisher

Subject

Economics, Econometrics & Finance Education Other

Description

International Journal of Economy, Education and Entrepreneurship (IJE3) is a peer-refereed open-access international journal which has been established for the dissemination of state-of-the-art knowledge in the field of Economy and Education. Starting from 2021, IJE3 would be published Three times ...