Pengaruh Leverage Terhadap Profitabilitas Pada PT.Pabrik Kertas Tjiwi Kimia Tbk

Devi; Shinta Prasetia; Haribowo; Siget Fitrianto; Damayanti; Vidya; Hamdani; Umar; Siswanto; Ely

Jurnal Ekonomi, Bisnis dan Manajemen (EBISMEN)

Universitas Maritim AMNI

📄 Abstract

This study examines the effect of leverage on the profitability of PT Pabrik Kertas Tjiwi Kimia Tbk during the 2020–2024 period. Using a causal research method with secondary data obtained from financial reports published on the Indonesia Stock Exchange (IDX), the study analyzes the relationship between Debt to Equity Ratio (DER) as the leverage indicator and Return on Assets (ROA) as the profitability indicator. The results indicate a significant negative relationship between leverage and profitability. Increased DER is associated with a decrease in ROA, suggesting that excessive debt reduces financial performance due to higher interest costs and financial risks. This study contributes to the understanding of leverage's impact on profitability in the manufacturing sector, offering valuable insights for corporate management, investors, and academics. Recommendations include enhancing operational efficiency and optimizing debt management strategies to improve long-term profitability

🔖 Keywords

#Leverage; Profitability #Debt to Equity Ratio; Return on Assets; Financial Risk

ℹ️ Informasi Publikasi

Tanggal Publikasi

06 December 2024

Volume / Nomor / Tahun

Volume 3, Nomor 4, Tahun 2024

📝 HOW TO CITE

Devi, Shinta Prasetia; Haribowo, Siget Fitrianto; Damayanti, Vidya; Hamdani, Umar; Siswanto, Ely, "Pengaruh Leverage Terhadap Profitabilitas Pada PT.Pabrik Kertas Tjiwi Kimia Tbk," Jurnal Ekonomi, Bisnis dan Manajemen (EBISMEN), vol. 3, no. 4, Dec. 2024.

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