The Effect of Current Ratio, Debt to Equity Ratio on Return On Assets Case Study of Pt.Tiga Pilar Sejahtera Food Tbk Period 2016-2024

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Quantitative analysis shows current ratio influences ROA in AISA, indicating financial improvements may be necessary.

The current ratio significantly impacts return on assets, while debt to equity ratio has no effect.
Results showed a strong correlation between liquidity and financial performance metrics over the observed years.
Statistical analysis including regression and t-tests was employed to evaluate financial statements from 2016 to 2024.
Findings suggest that immediate financial strategies might be needed to enhance asset returns at PT Tiga Pilar Sejahtera.

Andiani et al. (2025) studied this question.

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