Analysis of Liquidity, Profitability and Company Size Ratios to Coal Company Value on the Indonesia Stock Exchange 2017-2022 with Capital Structure as an Intervening Factor

The paper aims to investigate the role of liquidity Ratio, Profitability, and Company Size on Coal Company Value by using Capital Structure as an intervening factor during the 2017-2022 period. The population of this study are coal mining sub-sector companies listed on the Indonesia Stock Exchange during the 2017-2022 period. A total of 8 national coal companies were selected based on criteria using a purposive sample technique. The findings indicated that Size, Profitability, and Liquidity all had a detrimental impact on Capital Structure. The second finding is that Profitability and Capital Structure have a favourable impact on firm value whereas Liquidity and Size have a negative impact. In the coal sub-sector companies listed on the IDX in 2017–2022, the factors of liquidity, profitability, and size have an overall influence on company value through capital structure as an intervening variable.

Related Organizations

Mercu Buana University
Indonesia

Keywords

Liquidity Ratio; Profitability; Company Size; Company Value.

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