eCo-Buss
Vol. 9 No. 1 (2026): eCo-Buss

Stock Prices Assessment Using Debt to Equity Ratio, Return on Asset and Current Ratio

Pipit Pitriani (Universitas Indonesia Membangun)
Ferry Kosadi (Universitas Indonesia Membangun)



Article Info

Publish Date
10 Aug 2026

Abstract

This study looks at how Indonesian mining industry stock prices are affected by debt to equity, return on assets, and current ratios from 2015 to 2024. Employing a quantitative approach that is both descriptive and verifiable, the study examines 60 financial statements from a particular mining sector. Multiple regression analysis, the determination coefficient examination, conventional assumption exams, and coefficient of correlation trials for product moments, such as t-tests and F-tests for evaluating hypotheses, were all used to assess the correlations between the variables. The results of the incomplete test indicate that while DER and CR has no effect on stock prices, ROA do. Nevertheless, the simultaneous test's findings show that ROA, DER, and CR all significantly affect stock prices when taken together. These results show that activity DER, ROA, and CR mix are more important factors in determining stock prices in the mining industry than short-term. This highlights the importance of stock prices as measured by the capacity to boost profits, allowing the business to concentrate on operations and be appropriately overseen by the financial perspektive structure.

Copyrights © 2026






Journal Info

Abbrev

eb

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Focus on the development of economic sciences especially ECommerce and Business, both scientific and practical review, so it is expected to become a scientific medium for the creation of integration between theoretical studies and practical studies for the development of economic science in various ...