PENGARUH DEBT TO ASSET RATIO, DEBT TO EQUITY RATIO DAN UKURAN PERUSAHAAN TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN SEKTOR CONSUMER NON-CYCLICAL YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2022-2024

Valencia Angelica (Universitas Bhayangkara Jakarta Raya)
Triana Yuniati (Universitas Bhayangkara Jakarta Raya)
Panata Bangar Hasioan Sianipar (Universitas Bhayangkara Jakarta Raya)

Indonesian Journal of Economics and Strategic Management
Vol. 4 No. 3 (2026): September

This study aims to examine and analyze the influence of debt to asset ratio, debt to equity ratio, and firm size on financial performance. Using a quantitative research design, the population in this study includes 132 companies. Based on the purposive sampling method, a sample of 104 companies was obtained over 3 years of observation. The results show that DAR has a negative effect on financial performance, DER has no effect on financial performance, and firm size has a positive effect on financial performance. Furthermore, the results of the F test indicate that DAR, DER, and firm size simultaneously (together) influence financial performance.