PENGARUH PROFITABILITAS DAN LEVERAGE TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DIBURSA EFEK INDONESIA 2021-2025: The Impact of Profitability and Leverage on Financial Distress in Food and Beverage Manufacturing Companies Listed on the Indonesia Stock Exchange (2021–2025)

Zulfadhli Lutfi A. Lopa (Universitas Sulawesi Barat)
Ahmad Mansur AM (Universitas Sulawesi Barat)
Sufyan Amirullah (Universitas Sulawesi Barat)
Harun (Universitas Sulawesi Barat)

Moneta: Jurnal Manajemen & Keuangan Syariah
Vol. 4 No. 2 (2026): MONETA : Jurnal Manajemen dan Keuangan Syariah

This study aims to examine the effect of profitability and leverage, both partially and through the coefficient of determination, on financial distress in manufacturing companies within the food and beverage sub-sector listed on the Indonesia Stock Exchange. This research employs a quantitative approach. The data collection method used in this study is documentation. The sample consists of 30 companies. The analytical method applied is multiple linear regression analysis using SPSS. Data analysis includes data quality testing, which consists of classical assumption tests, namely normality test, multicollinearity test, autocorrelation test, and heteroscedasticity test. Hypothesis testing is conducted using multiple linear regression analysis, t-test (partial), and the coefficient of determination (R²). The results indicate that partially, the profitability variable has a positive and significant effect on financial distress, while the leverage variable does not have a significant effect on financial distress.