Pengaruh Likuiditas, Solvabilitas, dan Profitabilitas terhadap Harga Saham pada Perusahaan yang terdaftar dalam Indeks LQ45 di Bursa Efek Indonesia (BEI) Periode 2021-2025

Sihombing, Paskah Prasbintang (2026) Pengaruh Likuiditas, Solvabilitas, dan Profitabilitas terhadap Harga Saham pada Perusahaan yang terdaftar dalam Indeks LQ45 di Bursa Efek Indonesia (BEI) Periode 2021-2025. Sarjana (S1) thesis, STIE Tri Bhakti.

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Abstract

This study aims to analyze the influence of liquidity measured by Current Ratio (CR), solvency measured by Debt to Equity Ratio (DER), and profitability measured by Return on Assets (ROA) on stock prices in companies listed on the LQ45 index at the Indonesia Stock Exchange (IDX) during the 2021-2025 period. The population in this study is all companies listed on the LQ45 index, with a sample of 10 companies selected using purposive sampling based on criteria of consistent listing during the research period and the availability of complete financial reports. The type of data used is secondary data obtained from company annual reports and the official IDX website. Data analysis methods include descriptive statistics, classical assumption tests (normality, multicollinearity, heteroscedasticity, and autocorrelation), multiple linear regression analysis, and hypothesis testing (t-test, F-test, and coefficient of determination) using SPSS version 27 software. The results show that partially, Current Ratio has a positive and significant effect on stock prices with t-count of 3.182 and significance of 0.003. Debt to Equity Ratio also has a positive and significant effect on stock prices with t-count of 6.353 and significance of 0.000. However, Return on Assets does not have a significant effect on stock prices with t-count of 0.606 and significance of 0.548. Simultaneously, the three independent variables have a significant effect on stock prices as indicated by the F-count of 15.242 with significance of 0.000. The Adjusted R Square value of 0.466 indicates that the three independent variables are able to explain 46.6% of stock price variations, while the remaining 53.4% is explained by other variables outside the research model. This research implies that investors need to consider liquidity and solvency ratios as fundamental indicators in investment decision-making, while companies need to maintain financial health through optimal liquidity management and capital structure.

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