Debt To Total Assets Research Articles

Analisis pengaruh kinerja keuangan terhadap cash dividend pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI)

This research is intended to know and prove the influence of financial performance towards devident cash on manufacturing industries between 2008 -2011 listed in indonesian stock exchange. And also to measure the degree of influence between financial performance towards cash dividend, thus we used return on investment (ROI) debt to total assets (DTA) and earning per share (EPS) as an indicator that give influence towards cash dividend. We used all manufacturing industries listed in Indonesia stock exchange as a population to calculate the outcome of this research. However, during the research we used purposive sampling method to gather the data and in this case there are 152 companies eligible to be classified as good samples of this research. Then we also used SPSS as a tool to calculate statistical test of regression analysis. Based on the data above, we only found that debt to total assets (H3) did not not prove any significant relationship toward cash dividend. However the rest of the proposed hypothesis (H1, H2, H4 and H5) that consist of return on investment, current ratio and earning per share do have significant relationship toward cash dividend. In the other hand all proposed hypothesis’ have significant and positive relationship toward cash dividend simultaneously. During the statistical calculation we also found that independent variable influences as much as 20,7 % toward cash dividend showed in Adjusted R2 calculation and 79,3 % is influenced by other variables outside this research.

Effect of Company Firms size, Debt to Total Asset, and Return on asset on Dividend Payout Ratio (Emprirical Study of Coal Sector Companies Listed on the Indonesia Stock Exchange in 2016-2020

This study aims to examine the impact of company size variables, Debt to total assets (DTTA), and Return on assets (ROA) on dividend payout ratios in coal companies listed on the Indonesia Stock Exchange during the 2016-2020 period. This type of research is quantitative. The research sample consisted of 23 companies selected using purposive sampling method. Multiple linear regression analysis was used to determine the effect of the independent variables on the dependent variable. This study uses SPSS 23 data processing. The results of this study for the variables Firm Size, Debt to total assets, and Return on asset ratio have a significant effect on Dividend payout in coal companies listed on the Indonesia Stock Exchange.

The Influence of Cash Ratio, Current Ratio, and Debt To Total Asset on Cash Dividend in Large Consumption and Production Goods Trading Sector Companies Listed on The Indonesian Stock Exchange in The Financial Reporting Period 2013 to 2018

This study aims to analyze the effect of Cash Ratio, Current Ratio, and Debt to Total Assets (DTA) on Cash Dividends in large consumer goods and production trade companies listed on the Indonesia Stock Exchange in the 2013 to 2018 financial reporting period. This research is an explanatory research explaining the causality relationship using secondary data with the population is that all sectors of the wholesale trade of consumer goods and production listed on the IDX in 2018 are 35 companies. A sample of 7 companies was selected using the purposive sample method in accordance with predetermined criteria including being listed on the IDX and delivering in full accordance with the required information, namely Cash Dividends, Cash Ratio, Current Ratio, and Debt to Total Assets (DTA) during period 2013 - 2018. The method of analysis used is linear regression panel data. The results showed that at the 95% confidence level of the three dependent variables studied, namely: Cash Ratio, Current Ratio, and Debt to Total Assets (DTA), there is one variable that has a significant effect on Cash Dividend of companies in the wholesale trade sector of consumer goods and production, namely Cash ratio. Meanwhile, if tested simultaneously, the Cash Ratio, Current Ratio, and Debt to Total Assets (DTA) have a significant effect on Cash Dividends.
 Keywords: Cash Ratio, Current Ratio, and Debt to Total Assets (DTA) and Cash Dividends

Faktor Determinasi Income Smoothing dengan Tarif Pajak Efektif sebagai Variable Mediasi

Income Smoothing (IS) is one of the earnings management carried out by the company to demonstrate management's ability to generate profits for external parties. The purpose of this study was to determine the effect of Return on Equity (ROE), Debt to Total Assets (DTA), and Current Ratio (CR) on IS with the effective tax rate as a mediating variable. The effective tax rate is expected to influence the relationship between ROE, DTA, and CR on IC. The amount of tax paid by the company is directly proportional to the increase in company profits. The object of research is all companies engaged in the mining sector that are on the Indonesia Stock Exchange (IDX) in the analysis period for the 2019 to 2022 financial reporting years. The number of companies that meet the criteria is 20 companies. The data analysis technique uses the Partial Least Square (PLS) method with the WarpPLS 8.0 application. Based on the results of the analysis, DTA, CR and effective tax rates have a positive effect on IS. ROE has no effect on IS. ROE and CR have a negative effect on the effective tax rate. DTA has no effect on the effective tax rate. This study also shows that effective tax rates can mediate the relationship between CR and IS, so that taxes and effective tax rates cannot mediate the relationship between DTA and ROE with IS. This study also found that ROE, DTA, CR, and effective tax rates can affect IS by 6%.

Analysis of Company Size, Profitability, and Solvency on Firm Value at BUMN IDX20

This research was conducted to test and determine the factors that affect the value of the company. This study also uses company size and two main factors in financial performance, namely profitability, and solvency. Profitability uses the return on equity (ROE) indicator in its measurement, and solvency uses debt to total assets (DTA) in its measurement. This study uses a quantitative method with the help of the IBM SPSS Statistic 25 tool in processing the results of data calculations, then the sample used is the IDX20 state-owned company listed on the Indonesian stock exchange for the 2018-2021 period by using the purposive sampling method as the population selection in this study. The results of this study found that the size of the company has a significant positive effect on the value of the company, then the financial performance of profitability which is proxied in return on equity gives results with no effect on the firm value and solvency which is indicated by a debt to total assets which shows the results which have a significant negative effect on firm value.

Financial Performance and Prediction of Financial Distress in Food and Beverage Companies Listed on the Indonesia Stock Exchange

Bankruptcy risk is a risk that is avoided by all companies because it can have an impact on the liquidation of company. This study examines several factors that are thought to affect financial distress. Financial distress is measured by the Z-Score from Altman, while the factors that are thought to influence are liquidity as measured by the current ratio (CR), profitability as measured by net profit margin (NPM), leverage as measured by debt to total assets (DTA), and company growth is measured by sales growth. The population of this research are companies in the food and beverage sector on the Indonesia Stock Exchange as many as 32 companies with a sample of 27 companies using purposive sampling technique. Test the hypothesis using multiple regression analysis with a significance level of 0.05. The results show that liquidity and profitability have a significant effect on financial distress, while leverage and company growth have no effect on financial distress.

PENGARUH FINANCIAL LEVERAGE TERHADAP SYSTEMATIC RISK SAHAM

This Research examine the influence of financial leverage measure by Debt Ratio there are Degree of Financial Leverage (DFL), Debt to Total Asset (DTA) and Debt to Equity Ratio (DER) to the systematic risk (beta) of stock, and also examine the difference influence of thus debt ratio to the systematic risk (beta) of stock in normal period and in the global financial crisis in the year of 2008. This research use the data of firms in the manufacture sector which is listed on Indonesia Stock Exchange (Bursa Efek Indonesia) for the year of 2006 untill 2009. Using the purposive sampling method founded 87 firms for the sample. Research analysis use the panel data regression with General Least Square (GLS) method and 95% degree of confidence. The result of this research found that DFL, DTA and DER have a positive influence to the systematic risk (beta) of stock and also found that there is no difference influence of thus debt ratio to the systematic risk (beta) of stock in the normal period and on the global financial crisis in the year of 2008.

Analisis Faktor-Faktor Yang Mempengaruhi Kebijakan Dividen

The purpose of this research is to study the influence of cash position, Total Assets Turnover (TATO), Return On Assets (ROA) and Debt to Total Assets (DTA) on the Dividend Payout Ratio (DPR). The sample used in this study is the company incorporated in the Business Index 27 on the Indonesia Stock Exchange for the period 2013-2017. The technique used in sampling is purposive sampling with secondary data in the form of financial statements. The data analysis tool in this study uses multiple linear regression. Data testing consists of classic assumption and hypothesis testing. The results of this study indicate that the variables TATO and DTA affect the DPR while the variable cash position and ROA have no effect on the DPR. Discussion and implication were suggested in the paper.

Impact of the Financial Factors on Return on Assets (Roa)

Among the many return indicators, Return on Assets (ROA) is mostly used by firms’ managers to measure the performance of a company. This paper studies the factors that influence the ROA. There are different types of financial factors[current asset (CR), quick ratio (QR), cash ratio (CSR), operating profit margin (OPM), net profit margin (NPM), total asset turnover (TAT), current asset turnover (CAT), fixed asset turnover (FAT), account receivable turnover (ART), inventory turnover (IT), inventory holding period (IHP), debt to equity (DTE), debt to total asset (DTTA), debt ratio (DT), return on equity(ROE), earning per share (EPS)] used to measure return on assets (ROA). A multiple linear regression model is used to measure the influence of these factors on ROA where ROA is used as a dependent variable and rest of the factors are used as independent variables. This study has found that most of the factors have positive relationship with ROA; however some of the factors have negative relationship with ROA.

Analisis Kinerja Keuangan KUD Werdhi Mendala Di Desa Batubulan Kecamatan Sukawati Kabupaten Gianyar

The Financial Performance Analysis of Rural Cooperative of Werdhi MendalaIn Batubulan Village Sukawati Sub-District of Gianyar Regency
 KUD or rural cooperative is expected to be able to realize economic democracy in theefforts to develop cooperatives into an independent people's economic institutions. Thefinancial statements are an important tool for obtaining information related to thefinancial condition and results of cooperative activities. The objectives of the researchare to determine (1) the ability of KUD to fulfill its short term financial obligationassessed from the liquidity ratio, (2) how far is the KUD assets financed by its debtassessed from the solvency ratio, (3) how effective the KUD in using its funding sourceassessed from the activity ratio and (4) the ability of KUD to obtain the Return onInvestment assessed by the profitability ratio. Types of data used in the study arequalitative data and quantitative data with financial ratio analysis as a method of dataanalysis in the research. Data Sources of the study are primary and secondary data. Thekey informants were the Manager and Finance Department of KUD Werdhi Mendala.Data analysis method used is financial ratio analysis. Financial ratios used are the ratioof liquidity, solvency ratio, activity ratio and profitability ratio.The result of ratioanalysis during 2011-2015 shows that liquidity ratio at current ratio and quick ratio issaid to be very inadequate. The solvency ratio in total debt to equity ratio and total debtto total asset are said to be very inadequate. The ratio of activity to total assets turnoveris not good and receivable turnover is said to be very inadequate. Profitability ratio onnet profit margin is said to be quite capable, return of investment / ROI is said to be veryinadequate and return of equity / ROE (Rentability of Own Capital) is said to be quitecapable.

Pengaruh Return On Asset (ROA), Debt To Total Asset (DTA), Cash Ratio, Growth, dan Firm Size Terhadap Kebijakan Dividen

The purpose of this study is to examine the effect of Return on Assets (ROA), Debt to Total Assets (DTA), Cash Ratio, Growth, and Firm Sise on Dividend Policy. The population in this study is a manufacturing company listed on the Indonesia Stock Exchange period 2013-2016. While the sample of the study was determined by using purposive sampling, which obtained a number of 25 companies that qualify as research samples.Based on the analysis results can be seen that the Return on Asset (ROA) have a significant positive effect on dividend policy, Debt to Total Asset (DTA) and Cash Ratio (CR) have no significant positive effect on dividend policy. While Growth and Firm Size have no significant negative effect on dividend policy.
 Key Words: Return on Assets (ROA), Debt to Total Assets (DTA), Cash Ratio, Growth, Firm Size, Dividend Payout Ratio (DPR)

On the Efficiency of Bank-Affiliated Venture Capital

This paper examines the effect of bank-affiliated venture capital (BVC) on portfolio companies across seven Western European countries from 1991 to 2010. First, BVC deals are more likely in larger VC syndicates, and in countries with lower earnings aggressiveness, higher market capitalization, and for local deals and international deals among countries with similar legal systems. These results are robust to three different methodologies that control for non-random ‘double’ unobserved selection between portfolio companies and VC syndicates. Second, syndicates involving BVCs have a large positive impact on portfolio companies' sales value: 47%. When investigating the dynamics of such sales performance improvements, we find a short-term impact that ranges from 34% to 43% – depending on the selected short term window – and a long-term impact ranging between 56% and 63%. In terms of firm efficiency – as measured by means of the asset utilization ratio – the impact of BVC is positive and statistically significant, and it ranges from 6% in the short-term to 9% in the long-term. Data also indicate that BVCs do not have an effect on debt to total assets (DTA) , return on assets (ROA), and have a negative effect on firm liquidity – as proxied by net cash flows to total assets – which is larger in the short-term (between -21% and -23%) than in the long-term. We also show a selection effect of BVCs in terms of portfolio companies’ liquidity: prior to receiving VC funding it is 25% lower than that of non-VC-backed firms. This finding may be attributed to the strategic objectives of BVCs: to enhance demand of debt capital from portfolio companies that need liquidity to invest and grow at a stable pace and that would borrow additional debt in the future from the parent bank of the BVC fund. These results are stable across several econometric methods: fixed effects regressions with “leads” to control for selection bias, controls for potential cross-country time-varying unknown selection bias (e.g. reform measures about start-up financing, seed financing and access to finance; data on systemic banking crises), instrumental variables estimates, and Bayesian model averaging procedures. We also design an identification strategy to estimate the net effect that BVCs add to syndicates led by IVCs, finding that the net effect on portfolio companies' sales value is 6% - while there is no statistically significant impact on DTA, liquidity, ROA and efficiency. Finally, by means of multinomial logit regressions we find that syndicates involving BVCs have a large positive impact on the likelihood of positive exits – in the form of IPOs ( 132%) or acquisitions ( 138%) – while there is no statistically significant impact on firm liquidation. We still use the above identification strategy to estimate the net effect that BVCs add to syndicates led by IVCs, and find that the estimated net effect of BVCs on positive exits is 32%. As to firm liquidation, the estimated net effect is 168%.

PENGARUH RETURN ON INVESTMENT (ROI), CASH RATION, DEBT TOTAL ASSET, EARNING PER SHARE (EPS) DAN SIZE ATAS DIVIDEN KAS (STUDI PADA EMITEN MANUFAKTUR DI BURSA EFEK JAKARTA)

The objective of this research is to examine and analyze the influence of return on investment (ROI), cash ratio, current ratio, debt to total asset (DTA), earning pershare (EPS), and size as independent variabel to dividen kast as dependent variabel both simultaneously an partially in manufacturing companies listed in Jakarta stock exchange (JSX). Observation periods from 2001 until 2005. The type of research used in verification research or research to verify hypothesis with simple random sampling.The object of population are manufacturing industries which listed in Jakarta Stock Exchange (JSX) that it’s financial statement has information about return on investment (ROI,) cash ratio, current ratio, debt to total asset (DTA), earning pershare (EPS), size and paid to dividen kast. The research samples 21 manufacturing corporation. To aimed influence of independent variable to dependent variable both simultaneously and partially use multiple regression.Result of this research show that; (1) ROI has no significant influence on dividen kast, (2) cash ratio has no significant influence on dividen kast, (3) current ratio has significant influence on dividen kast, (4) DTA has no significant influence on dividen kast, (5) EPS has a significant influence on dividen kast,(6) size has no significant influence on dividen kast, (7) simultaneously ROI, Cash ratio, current ratio, DTA, EPS and size has a significant (72%) influence on dividen kast. Keywords: return oninvestment (ROI), Cash ratio, current ratio, debt to total asset (DTA),earning per share ( EPS), size and dividen kast.

Analisis Faktor-Faktor yang Memengaruhi Dividend Payout Ratio pada Perusahaan Sektor Industri yang Terdaftar di Bursa Efek Indonesia

The primary objective of this research is to learn the effect among return on assets (ROA), current ratio (CR), debt to equity ratio (DER), debt to total assets (DTA), and net income after tax (NIAT) with dividend payout ratio (DPR), either partially or simultaneously. Research used qualitative method with secondary data collected by purposive sampling from industrial companies sector listed in IDX and preceding journals of scientific articles. Research used simple regression to test the hypothesis simultaneously with F test and t test for testing the partial hypothesis. Results of this research describe that return on assets (ROA) and net income aftar tax (NIAT) have significant effects to dividend payout ratio, but current ratio (CR), debt to equity ratio (DER), and debt to total assets do not have significant effects to dividend payout ratio. It is recommended to further research that the topic of this reseach can be continued using merchandising and distribution company groups, or service company groups either general or special, like: hotels, insurances, hospitals, and banks.

Influence of Working Capital Management on Profitability: A Study on Indian FMCG Companies

The paper aims to explore the effects of components of working capital management like cash conversion cycle(CCC), age of inventory (AI), age of debtors (AD), age of creditors (AC), debt to total assets (DTA) and debtequity ratio (DER) on profitability of FMCG firms. The profitability of firms is measured in terms of return ontotal assets (ROTA) and return on investment (ROI). Working capital management is considered to be a vitalissue in financial management decision and it affects both liquidity and profitability of the firm. The secondarydata for analysis is retrieved from Prowess Database of CMIE for ten year period from 2000-01 to 2009-10.Apart from using Pearson’s correlation analysis, panel data regression analysis like pooled OLS model and fixedeffect LSDV model are employed in the study. Like previous authors, our study results show a sturdy negativeassociation between working capital management variables and firms’ profitability. The results of our study alsoindicate the better explanatory power of fixed effect LSDV model than that of pooled OLS model.

On the distributional properties of financial ratios in annual reports of Greek listed companies

Financial ratios drawn from annual financial reports have been used extensively in prior research for various purposes (corporate predictions, acquisitions, liquidations, rating decisions, etc). In this study financial ratios (profitability, liquidity and long-term solvency) have been used in an effort to investigate the distributional properties of financial ratios. Distributions presented in both theory and practice such as Cauchy, chi-square, Erlang, exponential, extreme value, Gamma, Laplace, logistic, lognormal, Student t, triangular, uniform and Weibull have been tested in this study. Panel data (even after outliers excluded or after transformation) of financial ratios for the time period 1974-2006 for Greek listed companies indicate that none of the financial ratios selected in this study follows a normal distribution. The value of test statistic (Kolmogorov-Smirnov) is relatively large and the p-value of the test is lower than 1%. This is merely inconsistent with the literature. According to prior studies WCTA (working capital to total assets), QATA (quick assets to total assets) and DTA (debt to total assets) were always normally distributed.