PENGARUH PROFITABILITAS, ASET TETAP, DAN PERTUMBUHAN PENJUALAN TERHADAP UTANG JANGKA PANJANG PERUSAHAAN (Studi Empiris Pada Perusahaan Ritel yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2018)

Abstract

Intense competition between companies, especially retail companies, causes companies to carry out economic activities and manage the functions contained in the company effectively. A company is able to develop its business with funding sources in the form of long-term debt. Funding decisions are important decisions that will directly determine a company's ability to survive and thrive. The factors that affect long-term debt taking include profitability, fixed assets and sales growth. This research method is quantitative with a sampling technique using side purposive and obtained samples of 11 companies. The results of the regression test showed that 15.6% of long-term debt decision factors could be explained by profitability, fixed assets and long-term debt, while the remaining 84.4% was explained by other factors not studied in this study. The F test results show that simultaneously the variables profitability, fixed assets and sales growth have no significant effect on long-term debt. The results of the T test show that partially these three variables have no effect on the long-term debt of retail companies listed on the IDX.