Analysis Of The Effect Of Leverage On Company Value (Study PT case. Gajah Tunggal Tbk 2019-2022)
Keywords:
Leverage, Value Company, PT. Gajah Tunggal TbkAbstract
Company PT. Gajah Tunggal Tbk is the largest tire in Asia especially in Asia southeast . Founded in 1971 and in 1990 officially has offices at the Jakarta Stock Exchange and the Surabaya Stock Exchange . This company located in Jakarta and has factory in town attack and tangerang For support activity the production . objective study This This is For analyze the effect of leverage on mark company PT. Gajah Tunggal Tbk 2020-2022 . Method writing this paper using Grand Theory where to be base the theory are Leverage and Company Value. Grand Theory is something that becomes base birth theory Where theory the Still nature macro or wide Then formulated at the next level . In this paper using quantitative data Where data sources used is secondary data that comes from from report PT finance . Gajah Tunggal Tbk . 2019-2022 . Based on Measurable Leverage serving with Debt to Assets Ratios and Company Value are measured with using the Price to Book Value (PBV) of The years 2019 – 2022 show that PT. Gajah Tunggal Tbk has Debt to Assets The ratio (DAR) is in the GOOD CATEGORY based on category Cashmere (2016) in Fitria (2022). However Debt to Asset value The ratio (DAR) is still ≥ 0.5 according to moneyduck.com.id (2022) including . This matter show that part big asset company financed by debt . Whereas mark company PT. Gajah Tunggal Tbk is calculated through Price to Book Value (PBV) is in the UNDERVALUED CATEGORY .
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