The Influence of Liquidity ratio and Leverage ratio on Financial Distress in The Apparel and Luxury Goods Sub-sector

Ratna Dumilah

doi:10.59890/ijma.v4i1.221

Authors

Ratna Dumilah Universitas Pamulang

DOI:

https://doi.org/10.59890/ijma.v4i1.221

Keywords:

Financial Distress, Current Ratio, Debt to Equity Ratio

Abstract

This research seeks to explore the impact of the Current Ratio and Debt to Equity Ratio on Financial Distress. With a sample six (6) companies from the apparel and luxury goods subsector that listed on the Indonesia Stock Exchange in 2019 until 2023, a quantitative methodology was employed. The hypotheses were evaluated using panel data regression analysis. The findings reveal that the suitable regression approach is a random effects model, and the hypothesis testing results show that both the Current Ratio and Debt to Equity Ratio together affect financial distress.

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