<![CDATA[This study aims to analyze the effects of Financial Stability and External Pressure on Financial Targets among healthcare companies in the hospital subsector listed on the Indonesia Stock Exchange (IDX) during the 2021–2025 period. This study employs a quantitative associative approach using secondary data obtained from annual financial statements. Financial Stability is proxied by Asset Change (ACHANGE), External Pressure by the Debt to Asset Ratio (DAR), and Financial Targets by Return on Assets (ROA). The data were analyzed using panel data regression in EViews with the Random Effect Model (REM), based on 40 observations after outlier treatment. The results indicate that Financial Stability has a negative and significant effect on Financial Targets, whereas External Pressure has a negative but insignificant effect. Simultaneously, Financial Stability and External Pressure have a significant effect on Financial Targets. The Adjusted R-squared value of 0.303565 indicates that the two variables explain 30.3565% of the variation in Financial Targets, while the remaining variation is explained by factors outside the research model. These findings highlight the importance of effective asset management and financing structures in supporting the profitability of hospital companies.]]>
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