Penulis: Iqlima Azhar, Alisa Afrianti
Terbitan: Volume 1, Issue 12
🌐 Akses Naskah & Sertifikat Resmi:
https://apasific.org/article/dd2721db-01b3-42ce-901c-1beee23827f1
Abstrak:
Financial performance is an important indicator in assessing a company’s success in managing resources. This study aims to analyze the effect of liquidity ratios, solvency ratios, and activity ratios on financial performance in cigarette industry companies listed on the Indonesia Stock Exchange for the period 2016–2024. This study uses a quantitative method with a descriptive approach and secondary data in the form of annual financial reports of four companies selected using a purposive sampling technique with a total of 35 observations. Data analysis was performed using multiple linear regression, classical assumption tests, partial tests, simultaneous tests, and coefficient of determination tests. The results show that the liquidity ratio has no effect on financial performance, the solvency ratio has a negative effect, while the activity ratio has a positive effect on financial performance. Simultaneously, all three ratios have a significant effect on financial performance. These findings indicate that effective capital structure management and asset utilization play an important role in improving a company’s financial performance.
Kata Kunci: Scope: Akuntansi, Liquidity Ratio, Solvency Ratio, Activity Ratio, Financial Performance
