Sofyan Syafri Harahap’s Theory Analysis on Current Ratio in Consumer Goods Sector Companies on The Indonesia Stock Exchange

Abstract

This study aims to determine the current ratio in the consumer goods sector companies on the Indonesia Stock Exchange according to Sofyan Syafri Harahap's Theory. The variable of this research is a single variable, namely Sofyan Syafri Harahap's Theory of current ratio, which is measured by using current ratio by comparing current assets with current liabilities. The population in this study were all companies in the consumer goods sector on the Indonesia Stock Exchange for the 2017-2021, while the sample in this study were 30 companies in the consumer goods sector on the Indonesia Stock Exchange for the 2017-2021, which were taken using a purposive sampling technique. The data ware collected by documentation. Data analysis was carried out using current ratio analysis.  The results of this study indicate that 93% of companies in the consumer goods sector on the Indonesia Stock Exchange in 2017 and 2018 the current ratio value is stated in a safe condition because they are considered able to pay their short-term debts. In 2019 it was 87%, for 2020 it was 83% and in 2021 it was also 87%, thus the value of the current ratio in consumer goods companies on the Indonesia Stock Exchange for five years based on Sofyan Syafri Harahap's theory is in a safe condition which means that assets the company's current liabilities can cover the company's short-term debt.