PENGARUH CURRENT RATIO DAN DEBT TO EQUITY RATIO TERHADAP PRICE TO BOOK VALUE PADA PT SILOAM INTERNATIONAL HOSPITALS TBK PERIODE 2015-2024

Vanesa Putri Cristhin Haloho; Endang Nurita

doi:10.58174/69n5ag64

Authors

Vanesa Putri Cristhin Haloho Universitas Pamulang
Endang Nurita Universitas Pamulang

DOI:

https://doi.org/10.58174/69n5ag64

Keywords:

Current Ratio; Debt to Equity Ratio; Price to Book Value; nilai perusahaan; sektor Kesehatan, Current Ratio; Debt to Equity Ratio; Price to Book Value; Company Value; Health sector

Abstract

This study aims to analyze the influence of Current Ratio (CR) and Debt to Equity Ratio (DER) on Price to Book Value (PBV) in PT Siloam International Hospitals Tbk for the period 2015-2024. The study uses a quantitative approach with secondary data in the form of annual financial statements which are analyzed through multiple linear regression with the help of SPSS version 25. The results of the study show that the Current Ratio partially does not have a significant effect on Price to Book Value (t count 1.137 < t table 2.365; sig. 0.293), while Debt to Equity Ratio has a significant and positive effect on Price to Book Value (t count 2.729 > t table 2.365; sig. 0.029). Simultaneously, the two variables had no significant effect on Price to Book Value (F calculated 3.726 < F table 4.74; sig. 0.079), with a determination coefficient (R²) of 0.516. These findings indicate that capital structure, rather than short-term liquidity, is the more dominant consideration for investors in assessing the valuation of capital-intensive hospital companies.

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