THE INFLUENCE OF CURRENT RATIO, DEBT-TO-EQUITY RATIO, AND RETURN ON EQUITY RATIO ON STOCK PRICES OF TRANSPORTATION AND LOGISTICS SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE (2020–2025 PERIOD)
Keywords:
Current Ratio (CR), Debt to Equity Ratio (DER), Return on Equity Ratio (ROE), and Stock PriceAbstract
This study aims to determine the effect of the Current Ratio (CR), Debt to Equity Ratio (DER), and Return on Equity Ratio (ROE) on stock prices (HS) of transportation and logistics sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2025 period. A quantitative research approach was employed. The study population consisted of 40 transportation and logistics companies listed on the IDX between 2020 and 2025, with a sample size of 10 companies. Data analysis techniques included multiple linear regression, classical assumption testing, hypothesis testing, and the coefficient of determination test, utilizing SPSS 26.0 software. The normality test results show a significance value of 0.200 (> 0.05); therefore, the research data are normally distributed. The results of the partial analysis indicate that the Current Ratio (CR) has a significant positive effect on stock prices, the Debt-to-Equity Ratio (DER) has a significant positive effect on stock prices, and the Return on Equity (ROE) has a negative and insignificant effect on stock prices. Simultaneous analysis results show that the Current Ratio (CR), Debt to Equity Ratio (DER), and Return on Equity Ratio (ROE) collectively have a significant effect on the stock prices of transportation and logistics sector companies listed on the IDX during the 2020–2025 period.
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