Analysis of Liquidity, Asset Growth, and Tangibility on Profitability with Capital Structure Mediation

This study is meticulously crafted to examine the influence of liquidity, asset growth, and tangibility on profitability within food and beverage companies listed on the Indonesia Stock Exchange from 2019 to 2022, with capital structure acting as a mediating variable. Through the application of quantitative data analysis, the research explores the intricate relationships among these variables. The findings indicate that liquidity has a significant positive effect on profitability, with asset growth also contributing favorably. Conversely, the effect of tangibility on profitability appears to be inconsistent and context-dependent. Furthermore, capital structure is recognized as a mediating factor that connects the independent variables to profitability, highlighting the essential role of effective capital structure management in enhancing financial performance. Ultimately, this research seeks to provide valuable insights for academics, industry practitioners, and investors, thereby aiding informed decision-making within the food and beverage sector.