THE EFFECT SHORT-TERM AND LONG-TERM LIABILITIES ON NET PROFIT OF PT. GUDANG GARAM TBK 2015-2024

Abstract

This study is intended to analyze the effect of short-term liabilities and long- term liabilities on net profit at PT Gudang Garam Tbk during the period 2015 - 2024. This study uses a quantitative approach with a multiple linear regression analysis pattern. The data used is secondary data obtained from the company's annual financial statements published through the official website of the Indonesia Stock Exchange. The independent variables in this study consist of short-term liabilities (X₁) and long- term liabilities (X₂), while the dependent variable is net profit (Y). The test results showed that either partially or simultaneously, short-term liabilities and long-term liabilities did not have a significant effect on PT Gudang Garam Tbk's net profit. These findings suggest that changes in liability structures do not directly affect a company's profitability. External factors such as production costs, tax policies, and cigarette market conditions are likely to have a greater influence on net profit. This research is expected to be a reference for company management and investors in understanding the relationship between funding policy and the company's financial performance.