Pengaruh Quick Ratio, Long Term Debt to Equity Ratio (LTDER) dan Net Profit Margin (Npm) Terhadap Harga Saham pada Perusahaan Sub Sektor Farmasi yang Terdaftar di BEI

Abstract

This study aims to analyze the effect of Quick Ratio (QR), Long-Term Debt to Equity Ratio (LTDER), and Net Profit Margin (NPM) on stock prices of pharmaceutical subsector companies listed on the Indonesia Stock Exchange (IDX). The study employed a quantitative method with an associative approach. The population consisted of 15 pharmaceutical subsector companies, while the sample was selected using purposive sampling, resulting in 3 companies observed during the 2020–2024 period with a total of 15 observations. Secondary data were obtained from corporate financial statements and analyzed using multiple linear regression with SPSS version 22. The results indicate that, partially, Quick Ratio has a significant effect on stock prices, Long-Term Debt to Equity Ratio has no significant effect on stock prices, and Net Profit Margin significantly affects stock prices. Simultaneously, Quick Ratio, Long-Term Debt to Equity Ratio, and Net Profit Margin have a significant effect on stock prices. The coefficient of determination (R²) of 79.2% indicates that stock price variations can be explained by the three independent variables, while the remaining 20.8% is influenced by other factors outside the scope of this study