Impact of Current Ratio and Debt to Equity Ratio on Stock Prices of Energy Sector Companies

Oktari Helia Putri, Renil Septiano

Abstract


Sector companies energy has the main goal, namely making a profit . Share price is a measure of a company's ability to generate profits . The increase and decrease in share prices is influenced by CR and DER, where CR is the current ratio which compares the current set with current debt. Meanwhile, DER is a debt ratio that compares all total debt compared to capital. This research aims to find out whether the Current Ratio (CR) has an effect on stock prices and the Debt to Equity Ratio (DER) has an effect on stock prices . The population in this research is energy sector companies listed on the IDX in 2018-2022. The sample determination method was total sampling, so that the sample in this study was 7 companies. The data analysis method is multiple linear regression, with partial hypothesis testing. The results of this research show that CR partially has a significant positive effect on share prices, the value obtained from the current ratio variable is 6.219147 > ttable 1.69389 . Based on partial test results, it shows that DER does not have a significant effect on share prices, the value obtained from the debt to equity ratio variable is - 0.163554 < ttable 1.69389

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References


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