Pengaruh Current Ratio Dan Debt To Equity Ratio Terhadap Return On Assets Pada Perusahaan Asuransi Sektor Asuransi Umum Yang Terdaftar Di Bursa Efek Indonesia
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Abstract
This study aims to examine the effect of Current Ratio (CR) and Debt to Equity Ratio (DER) on Return on Assets (ROA) in general insurance companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. A quantitative research approach was employed using secondary data obtained from the annual financial statements of the sample companies. The population consisted of all general insurance companies listed on the IDX, while the sample was selected using a saturated sampling technique, resulting in nine companies with a total of 45 observations. Data were analyzed using IBM SPSS Statistics 25 through descriptive statistics, classical assumption tests, multiple linear regression analysis, partial significance tests (t-test), simultaneous significance tests (F-test), and the coefficient of determination. The findings indicate that the Current Ratio has no significant effect on Return on Assets. Likewise, the Debt to Equity Ratio does not significantly affect Return on Assets. Simultaneously, both independent variables also have no significant effect on Return on Assets. These findings suggest that the profitability of general insurance companies is influenced more by operational factors and industry-specific characteristics than by liquidity and capital structure. Therefore, companies are encouraged to improve operational efficiency, underwriting performance, and investment management to enhance profitability.
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References
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