Liquidity, Activity, and Growth Influence Toward Profitability Performance with Leverage Variable and Cash Flow as Intervening Variable In Type “C” Hospital at The PT Nusantara Sebelas Medika

Abstract

<p>The purpose of this study was to analyze financial ratios which included liquidity ratios, activity ratios, leverage ratios and profitability ratios to assess the financial performance of three type C hospitals managed by PT Nusantara Sebelas Medika. Data analyzed by Partial Least Square (PLS). The results in this study showed that Liquidity has insignificant effect on Leverage and cash flow. Activity also has insignificant effect on Leverage. Growth has insignificant on Cash Flow. Instead, growth was significant on leverage. Liquidity, activity and growth also have significant effect on profitability performance and support with positive influence direction in this study. Finally, leverage and cash flow have significant effect on profitability performance.</p><p><strong>Keywords:</strong> liquidity ratio, financial leverage, activity ratio, profitability ratio, financial performance.</p><p><em>Tujuan penelitian ini adalah menganalisis rasio keuangan yang meliputi rasio likuiditas, rasio aktivitas, rasio leverage dan rasio profitabilitas untuk menilai kinerja keuangan tiga rumah sakit tipe C yang dikelola oleh PT Nusantara Sebelas Medik. Data dianalisis dengan menggunakan Partial Least Square (PLS). Hasil dalam penelitian ini menunjukkan bahwa likuiditas tidak berpengaruh signifikan terhadap leverage dan cash flow. Aktivitas tidak berpengaruh signifikan terhadap leverage dan pertumbuhan juga tidak berpengaruh signifikan terhadap cash flow, sedangkan pertumbuhan berpengaruh signifikan terhadap leverage. Likuiditas, aktivitas, dan pertumbuhan terbukti berpengaruh signifikan terhadap kinerja profitabilitas dan mendapatkan dukungan dengan arah pengaruh yang positif di dalam penelitian ini. Leverage</em><em>, </em><em>cash flo</em><em>w</em><em> berpengaruh signifikan terhadap kinerja profitabilitas. </em><em></em></p><p><strong><em>Kata Kunci:</em></strong><em> rasio likuiditas, leverage, rasio aktivitas, rasio profitabilitas, kinerja keuangan.</em></p>