PENGARUH LIKUIDITAS, SOLVABILITAS, DAN PROFITABILITAS TERHADAP KINERJA PERUSAHAAN PADA SEKTOR MANUFAKTUR PERIODE 2022 – 2025

Abstract

This study aims to evaluate the influence of financial ratios on the performance of companies in the food, beverage, and consumer goods manufacturing sector, listed on the Indonesia Stock Exchange (IDX) for the 2022-2025 period. The liquidity financial ratio is proxied by the Current Ratio (CR), solvency by the Debt to Equity Ratio (DER), profitability by Return on Assets (ROA), while company performance is proxied by Economic Value Added (EVA). This study uses a quantitative approach with a multiple linear regression method with a purposive sampling technique, resulting in 82 companies with a total of 328 observations. Secondary data used are from financial statements and annual reports. The results show that simultaneously all independent variables have a significant effect on company performance. Partially, the liquidity and profitability financial ratios have a positive and significant effect on company performance, while the solvency financial ratio has no significant impact on company performance. The coefficient of determination value shows that 52.1% of changes in company performance can be explained by the three independent variables used, while the remaining part is influenced by factors not included in this research model.