THE EFFECT OF DEBT TO ASSET RATIO AND DEBT TO EQUITY RATIO ON PROFITABILITY
EMPIRICAL STUDY ON PUBLICLYLISTED COMPANIES OPERATING SPECIFICALLY WITHIN THE MEDIA AND ENTERTAINMENT SECTOR ON THE INDONESIA STOCK EXCHANGE 2022-2024
DOI:
https://doi.org/10.32493/jiim.v3i3.54554Keywords:
Debt to Asset Ratio, Debt to Equity Ratio, ProfitabilityAbstract
This study aims to examine the effect of Debt to Asset Ratio and Debt to Equity Ratio on Profitability through annual financial reports published by Media & Entertainment Industry Sector companies listed on the Indonesia Stock Exchange for the period of 2022-2024. This study uses a quantitative approach. The population of this study consists of 7 Media & Entertainment Industry Sector companies listed on the Indonesia Stock Exchange for the period of 2022-2024. The sampling technique used is purposive sampling, which is a sampling technique with certain considerations. This study uses multiple linear regression analysis with SPSS Version 31 application, including Data Analysis Technique, Classical Assumption Test, Model Feasibility Test, and Coefficient of Determination (R2). Based on the results of multiple linear regression analysis, the equation Y1 = 0.062 - 0.280X1 + 0.086X2 + ε is obtained, which means that the proxy for Debt to Asset Ratio (DAR) shows a Beta value of -0.280 with an alpha (α) value of 0.057. This indicates that (α > 0.05), so H1 is rejected. The proxy for Debt to Equity Ratio (DER) shows a Beta value of 0.086 with an alpha (α) value of 0.065. This indicates that (α > 0.05), so H2 is rejected. Through the Simultaneous Test (F-Test), a value of 2.073 is obtained with a significance value of 0.155, where the significance value is greater than 0.05. Based on this test result, it can be concluded that the independent variables simultaneously do not have a significant effect on the dependent variable, which is Profitability.
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