PENGARUH LIKUIDITAS DAN SOLVAVILITAS TERHADAP PROFITABILITAS PERUSAHAAN SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BEI TAHUN 2021-2023

Abstrak

This study aims to analyze the influence of liquidity and solvency on the profitability of food and beverage sub-sector companies listed on the Indonesia Stock Exchange during the 2021–2023 period. The research adopts a quantitative approach using secondary data analysis from the companies' annual financial statements. The population of this study comprises all food and beverage sector companies listed on the IDX from 2021 to 2023. The sampling method employed is purposive sampling, selecting companies based on specific criteria. The dependent variable is profitability, measured using Return on Assets (ROA), while the independent variables are liquidity, measured by the Current Ratio, and solvency, measured by the Debt to Equity Ratio (DER).The results reveal that liquidity and solvency significantly affect profitability. The negative impact of high liquidity and solvency indicates that unproductive funds and increasing fixed costs can burden profitability. The findings imply that companies need to consider a balance between liquidity and solvency in financial management to enhance profitability. Future research is recommended to include additional variables and expand the sample to improve the generalizability of the findings.