Pengaruh Likuiditas Operasi, Leverage Keuangan, Dan Struktur Utang Terhadap Kinerja Perusahaan (Studi Pada Industri Retail Di Indonesia)

Abstract

This study aimed to analyze the effect of operating liquidity, financial leverage and debt structure on the profitability of retail companies listed in the Indonesia Stock Exchange. Operating liquidity is measured by three-proxy as in research Goel et al (2015) that cash conversion cycle, current ratio and operating cash flow margin. Financial leverage measured by debt to assets ratio and debt structure is measured by the ratio of current liabilities to total liabilities. Performance is measured by return on assets. Results of testing with multiple regression analysis found that the cash conversion cycle has a significant positive effect on the performance, and financial leverage has a significant negative effect on the company\u27s performance. While the current ratio, operating cash flow margins, and debt structure does not significantly influence the company\u27s performance.