“…Hight debt is not accompanied by an increase in income/profits will make the weak firm performance. (Mariam & Ramli, 2019;Priarso, Diatmono & Mariam, 2018;Ramli, 2018b;Puteri & Ramli, 2018;Ramli & Maniagasi, 2018;Ramli, 2019b). This is because the Corporation must bear the interest expense and principal return on the debt, if operating profit cannot cover the interest expense, the Corporation will suffer losses (Ramli, 2017a;Chandra, Takaya & Ramli, 2019;Ramli 2017b), and the Corporation will begin to experience liquidity problems, Financial Distress and the potential for bankruptcy.…”