PENGARUH RETURN ON EQUITY, NET PROFIT MARGIN DAN DEBT TO EQUITY RATIO TERHADAP HUTANG PADA PERUSAHAAN PT. ASAM JAWA MEDAN

Drs. Anwar Sanusi, M.Si

Abstract

This study aims to prove the effect of the ratio of profitability and solvency of the debt at
PT. Asam Jawa Medan performed with kuantitatif research methods. PT Asam Jawa
Medan is one of the privately owned plantation company in the archipelago and is currently
managed in a professional manner starting from January 1982. The Development of this
company is increasing every year in terms of both sales and total assets of the company,
the processing system is supported with modern equipment and advanced counted. In the
implementation of PT. Asam Jawa Terrain face multiple barriers one of which is to
maximize debt that may have the ability to raise funding in order to increase profitability
of the company. In this study using secondary data, financial statements. PT. Asam Jawa
Medan and observations taken author is financial statement data from 2004 to 2013. The
results of this research is the analysis of the relationship between the coefficient of
profitabilitasdan solvency ratio of the leverage ratio (R 0.927), which means having a
positive relationship or directly proportional to the level of relations tight or strong. Results
of testing the hypothesis by using test F, variable profitability and solvency ratio has a
significance value of 0.000 is smaller than the significance level of 0.05 and F count> F
table means the ratio of profitability and solvency (X) significantly affects the debt (Y) for
a few things, namely research data for only 10 years, the ratio of profitability only in the
return on equity ratio (ROE) and Net Profit Margin ratio (NPM), and the solvency ratio of
only debt To Equity ratio (DER) and debt (leverage ratio) only on Total debt To Total
Assets Ratio (TDTTA).