Determinan Struktur Modal Pada Perusahaan Manufaktur di Indonesia

This research is conducted to examine the effect of sales growth and asset structure on capital structure. In this study, sales growth is measured by looking at changes in increase or decrease from year to year. The asset structure is measured using the ratio of fixed assets to total assets. Capital structure is calculated using the ratio of total debt divided by total equity. This research was conducted at manufacturing companies listed on the Indonesia Stock Exchange in the 2017-2021 period that met the sample criteria. The analysis method used in this research is the regression analysis model. The results of this study state that sales growth has an insignificant positive effect on capital structure and the effect of asset structure is obtained significantly positive on capital structure. For simultaneous testing, it is found that sales growth and asset structure simultaneously have a significant effect on capital structure.