The Effect of Current Ratio, Debt to Equity Ratio, and Net Profit Margin on Stock Prices
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Abstract
The purpose of this study is to determine the effect of Current Ratio, Debt to Equity Ratio and Net Profit Margin on Stock Prices in the banking sector listed on the Indonesia Stock Exchange for the period 2021-2023. The implementation of this study uses an associative causality research design with secondary data types. The sampling technique used purposive sampling and obtained 30 companies that met the criteria from the population with a research period of 3 years, so that 90 sample data were obtained. This study uses a multiple linear regression analysis model. The results of the study show that Current Ratio has no positive effect on Stock Prices, Debt to Equity Ratio does not have a negative effect on Stock Prices and Net Profit Margin has a positive effect on Stock Prices. Further researchers are expected to consider or add other variables that can affect Stock Prices such as Sales Growth, Dividend Policy, Inflation Rates and Interest Rates on different research objects. The Net Profit Margin factor can be used as the main reference for companies in an effort to increase the company's Stock Price.
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