Pengaruh Likuiditas dan Leverage Terhadap Kinerja Keuangan pada PT. Perkebunan Nusantara III (Persero) Medan

Abstract

This study aims to determine the influence of Liquidity (Current Ratio) and Leverage (Debt to Equity Ratio) partially to the Financial Performance (Return On Equity) At PT. Perkebunan Nusantara III (Persero) Medan. The data used are Financial Statements from 2005 to 2016. The analysis technique used multiple linear regression analysis in t-test. The result of partial hypothesis test shows that the t count for the Current Ratio variable is -1,121 and the t table with 5% is known as 2,034. Thus -that is smaller than -t table (-1,121 ˂ 2,034) and a significance value of 0.291 (greater than 0.05). This shows that the partial Current Ratio does not significantly affect Return On Equity. The result of partial hypothesis test shows that the t count for Debt to Equity Ratio is 2,492 and t table with 5% is known as 2,034. Thus t count is bigger than t table (2,492 > 2,034) and significance value is 0,034 (less than 0,05). This shows that partially Debt to Equity Ratio have significant influence to Return On Equity. The results of this study means supporting the hypothesis that leverage (X2) partially have an influence on Financial Performance at PT. Perkebunan Nusantara III (Persero) Medan.