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EMPIRICAL ANALYSIS OF THE EFFECT OF CAPITAL ADEQUACY RATIO, NON-PERFORMING LOAN, AND RETURN ON ASSET ON THE FINANCIAL SUSTAINABILITY OF ENERGY SECTOR COMPANIES GOING PUBLIC IN 2022-2024

Abstract

This study aims to analyze the effect of financial ratios on Financial Sustainability in publicly listed energy sector companies in 2022-2024. Capital Adequacy Ratio, Non- Performing Loan, and Return On Asset are expected to have an effect on Financial Sustainability. Quantitative research using a sample strategy, namely purposive sampling, is used in this study,, so that 147 samples were obtained that met the criteria during the period 2022-2024. Multiple linear regression analysis in SPSS was the method chosen for data analysis. The study's findings demonstrated that Capital Adequacy Ratio and Non-Performing Loan have an effect on Financial Sustainability, while Return On Asset has no effect on Financial Sustainability.