Pengaruh Rasio Solvabilitas dan Rasio Profitabilitas terhadap Nilai Perusahaan Pada PT Indocement Tunggal Prakarsa Tbk Tahun 2014-2023

Dina Alfiani; Nani Rusnaeni2

doi:10.58174/8q7kyt88

Authors

Dina Alfiani Universitas Pamulang
Nani Rusnaeni2 Universitas Pamulang

DOI:

https://doi.org/10.58174/8q7kyt88

Keywords:

Rasio Solvabilitas; Rasio Profitabilitas; Nilai perusahaan; Debt to Equity Ratio; Net Profit Margin; Price to Book Value, Solvency ratio; profitability ratio; firm value; debt to equity ratio; net profit margin; price to book value.

Abstract

This study aims to determine the effect of the Solvency Ratio and Profitability Ratio on Firm Value at PT. Indocement Tunggal Prakarsa Tbk for the 2014-2023 period. The method used was a descriptive quantitative approach, with the population and all annual financial reports of PT. Indocement Tunggal Prakarsa Tbk for the 2014-2023 period, and the sample comprising the Balance Sheet and Profit and Loss Statements in the financial statements of PT. Indocement Tunggal Prakarsa. Data analysis used descriptive statistical tests, classical assumption tests, regression analysis, hypothesis testing, correlation tests, and coefficient of determination tests. The results of this study indicate that the Solvency Ratio influences Firm Value, and the hypothesis test obtained a calculated t-value > t-table (-2.735 > 2.36462) with a significant value of 0.029 < 0.05). The profitability ratio has no effect on firm value, with the calculated t-value < t-table value (-0.070 < 2.36462) and a significant value of 0.946 > 0.05. The hypothesis test yielded a calculated F-value > F-table value (5.265 > 4.47) and a significant value of 0.040 < 0.05. Thus, there is a simultaneous significant effect between the solvency ratio and the profitability ratio on firm value.

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