International Journal of Management, Economic and Accounting
Vol. 3 No. 5 (2025): October 2025

The Effect Of The Current Ratio (CR), Return On Assets (ROA), and Debt To Equity Ratio (DER) on Stock Prices in Banking Companies Listed on The Indonesia Stock Exchange For The 2020-2023 Period

Lulu Nur Awaliyah (Unknown)
Dwi Saraswati (Unknown)



Article Info

Publish Date
18 Sep 2025

Abstract

This study aims to analyze the effect of the Current Ratio (CR), Return On Assets (ROA), and Debt to Equity Ratio (DER) on stock prices in banking companies listed on the Indonesia Stock Exchange for the 2020-2023 period. The type of research used is quantitative research. The population used is 21 telecommunications companies listed on the Indonesia Stock Exchange. Data collection techniques were carried out by visiting the official website of the Indonesia Stock Exchange and each company studied. The results of the study show that the t-value is 0.143 <1.99 (t-table) and sig 0.887 > 0.05, so H1 is rejected and H0 is accepted, it can be concluded that the current ratio does not have a significant partial effect on the stock prices of banking companies listed on the Indonesia Stock Exchange for the 2020-2023 period. The t-count value is 0.859 <1.99 (t-table) and sig 0.393 > 0.05, so H2 is rejected and H0 is accepted, it can be concluded that return on assets does not have a partial significant effect on the price of banking shares listed on the Indonesia Stock Exchange for the 2020-2023 period. The t-count value is 3.032 > 1.99 (t-table) and sig 0.003 < 0.05, so H2 is accepted and H0 is rejected, it can be concluded that the debt to equity ratio has a partial significant effect on the price of banking shares listed on the Indonesia Stock Exchange for the 2020-2023 period. The calculated F-value of 4.841 is greater than the F-table value of 2.71, with a significance level of 0.000, which is much lower than 0.05. Therefore, it can be concluded that hypothesis H4 is accepted, meaning the current ratio, return on assets, and debt-to-equity ratio simultaneously have a positive and significant effect on the stock prices of banks listed on the Indonesia Stock Exchange for the 2020-2023 period.

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Journal Info

Abbrev

IJMEA

Publisher

Subject

Economics, Econometrics & Finance

Description

The International Journal of Management, Economic and Accounting is an academic journal published bimonthly. This journal features the latest research in the fields of management, economics, and accounting, covering topics such as strategic management, micro and macroeconomics, corporate finance, ...