The Effect of Current Ratio, Return on Assets, Debt to Asset Ratio, and Earnings per Share on Stock Prices

  • Odi Prabowo Faculty of Economics and Business, Hasanuddin University, Indonesia.
  • Aulia Thalita Sada Abbas Faculty of Economics and Business, Hasanuddin University, Indonesia.
  • Dwi Evrilyan Faculty of Economics and Business, Hasanuddin University, Indonesia.
  • Nurwakia Nurwakia Faculty of Economics and Business, Hasanuddin University, Indonesia.
  • Abdul Hamid Habbe Faculty of Economics and Business, Hasanuddin University, Indonesia.
  • Agus Bandang Faculty of Economics and Business, Hasanuddin University, Indonesia.
DOI: https://doi.org/10.63922/ijebir.v5i01.2652
Keywords: Stock Price, Current Ratio, Return on Asset, Debt to Asset Ratio, Earnings per Share

Abstract

This study examines the effect of the Current Ratio, Return on Assets, Debt to Asset Ratio, and Earnings per Share on stock prices of technology sector companies listed on the Indonesia Stock Exchange during the 2022–2024 period. A quantitative approach was employed, with samples selected using purposive sampling, and data were analyzed through multiple linear regression. The results indicate that the Current Ratio does not have a significant effect on stock prices, and Return on Assets also shows no significant influence. In contrast, the Debt to Asset Ratio has a negative and significant effect on stock prices, while Earnings per Share has a positive and significant effect. These findings suggest that investors in the technology sector place greater emphasis on leverage risk and earnings performance than on short-term liquidity and profitability measures.

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Published
2025-12-08
How to Cite
Prabowo, O., Thalita Sada Abbas, A., Evrilyan, D., Nurwakia, N., Hamid Habbe, A., & Bandang, A. (2025). The Effect of Current Ratio, Return on Assets, Debt to Asset Ratio, and Earnings per Share on Stock Prices. International Journal of Economics, Business and Innovation Research, 5(01), 193-207. https://doi.org/10.63922/ijebir.v5i01.2652
Issue
Vol. 5 No. 01 (2026): December - January, International Journal of Economics, Business and Innovation Research( IJEBIR)
Section
Articles