ENDLESS : International Journal of Future Studies
Vol. 6 No. 3 (2023): ENDLESS: International Journal of Future Studies

Deciphering Financial Indicators: Analyzing the Role of Current Ratio, Debt to Equity Ratio, and Net Profit Margin in Shaping Stock Prices of Pharmaceutical Companies on the Indonesian Stock Exchange (2020-2022)

Mujiyani (Universitas Gunadarma, Indonesia)
Sri Sapto Darmawati (Universitas Gunadarma, Indonesia)
Widio Purwani (Universitas Gunadarma, Indonesia)
Mulatsih (Universitas Gunadarma, Indonesia)

Article Info

Publish Date
26 Nov 2023

Abstract

This study was designed to assess how the current ratio, debt to equity ratio, and net profit margin affect the stock prices of pharmaceutical firms listed on the Indonesian stock exchange from 2020 to 2022. Seven companies were chosen using purposive sampling for this analysis. The study was based on secondary data, such as the firms' annual financial reports and stock prices. A multiple linear regression approach was used for the analysis. It was found that the current ratio and net profit margin have a significant effect on stock prices individually, but the debt to equity ratio does not. When considered together, however, the current ratio, debt to equity ratio, and net profit margin do have a significant combined effect on stock prices.

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Journal Info
ENDLESS : International Journal of Future Studies
Website

Abbrev

endless

Publisher

Global Writing Academica Researching and Publishing

Subject

Economics, Econometrics & Finance Environmental Science Industrial & Manufacturing Engineering Law, Crime, Criminology & Criminal Justice

Description

Focus & Scope ENDLESS: International Journal of Futures Studies is a globally-oriented, trans-disciplinary refereed journal. Its mission is to develop high-quality, future-oriented research and thinking, based on the evolving knowledge base of Futures Studies / Foresight. The Journal’s approach ...