The Effect of Cash Ratio (CR) and Debt to Equity Ratio (DER) on Stock Prices at PT. Sekar Laut Tbk. Period 2015-2024
DOI:
https://doi.org/10.55927/fjsr.v4i7.508Keywords:
Cash Ratio (CR), Debt to Equity Ratio (DER), Stock PriceAbstract
The purpose of this study is to examine how the cash ratio (CR) and debt-to-equity ratio (DER) of PT Sekar Laut Tbk affect stock prices from 2015 to 2024. This study employs a quantitative approach using data from PT Sekar Laut Tbk's financial statements. Statistical methods such as multiple regression, hypothesis testing, classical assumption testing, and determination coefficient testing are used for data analysis. With a calculated T-value of 4.531 > table T-value of 2.365 and a significance level of 0.002 < 0.05, the results indicate that the Cash Ratio (X1) variable partially influences stock prices in a positive manner. Furthermore, stock prices are somewhat negatively influenced by the Debt-to-Equity Ratio (X2) variable, as indicated by the T-table value of 2.365 > T-calculated value of -3.414 and a significance level of 0.009 < 0.05. Based on the simultaneous test results, stock prices are influenced by the cash ratio (X1) and debt-to-equity ratio (X2) simultaneously, with an F value of 9.922 > F table 4.7374 and a significance level of 0.009 < 0.05. The adjusted R² value of 0.664 indicates that the independent factors contribute 66.4% to the variation in stock prices, while the additional variables not included in this study influence the remaining 33.6%
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