PENGARUH CURRENT RATIO, QUICK RATIO DAN DEBT TO EQUITY RASIO TERHADAP HARGA SAHAM PADA PT ADHI KARYA TBK PERIODE 2014-2024

Abstract

This study aims to analyze the effect of Current Ratio (CR), Quick Ratio (QR), and Debt to Equity Ratio (DER) on stock prices at PT Adhi Karya Tbk during the period of 2014–2024. The research employs a quantitative approach using multiple linear regression analysis. The data used are secondary data obtained from PT Adhi Karya Tbk’s annual financial reports and processed using SPSS 27 software. The results of the simultaneous test (F-test) indicate that the variables CR, QR, and DER jointly have a significant effect on stock prices, with an F-value of 23.192 greater than the F-table value of 4.35 and a significance value of 0.001 (< 0.05). The partial test (t-test) results show that QR and DER have a significant effect on stock prices, with significance values of 0.009 and 0.023 respectively (< 0.05), while CR has no significant effect (sig = 0.646 > 0.05). The coefficient of determination (R²) is 86.9%, indicating that these three variables significantly explain the variation in stock prices, while the remaining 13.1% is influenced by other factors beyond this study.