Pengaruh financial leverage terhadap financial performance pada sub sektor batubara di indonesia.
P enelitian ini betujuan untuk menganalisis faktor-faktor evaluasi financialleverage yang mempengaruhi financial performance pada perusahaanpertambangan sub-sektor pertambangan batu bara. Financial leverage yang diukurmenggunakan equity multiplier, interest coverage, fixed charge coverage, debt toebitda, capitalization ratio, dan financial performance diukur dengan tobin’s q.Sampel yang digunakan sebanyak 27 perusahaan pertambangan batu bara yangterdaftar di Bursa Efek Indonesia dan memiliki laporan keuangan secara lengkapsejak tahun 2019-2023. Teknik pengambilan sampel yang digunakan yaitupurposive sampling dengan metode analisis yang digunakan yaitu regresi data paneldengan menggunakan software eviews9. Hasil penelitian ini menunjukan variabelfinancial leverage yang diukur dengan equity multiplier berpengaruh signifikanpositif terhadap tobin’s q, interest coverage berpengaruh dan signifikan negatifterhadap tobin’s q, fixed charge coverage berpengaruh signifikan positif terhadaptobin’s q, debt to ebida tidak signifikan terhadap tobin’s q, dan terakhircapitalization ratio berpengaruh signifikan positif terhadap tobin’s q
T his study aims to analyze the evaluation factors of financial leverage that affectfinancial performance in mining companies in the coal mining sub-sector. Financialleverage as measured using equity multiplier, interest coverage, fixed chargecoverage, debt to ebitda, capitalization ratio, and financial performance as measuredby Tobin\\\'s Q. The sample used was 27 coal mining companies listed on theIndonesia Stock Exchange and had complete financial reports from 2019-2023. Thesampling technique used is purposive sampling with the analysis method used,namely panel data regression using eviews9 software. The results of this studyindicate that the financial leverage variable as measured by the equity multiplierhas a significant positive effect on tobin\\\'s q, interest coverage has a negative andsignificant effect on tobin\\\'s q, fixed charge coverage has a significant positive effecton tobin\\\'s q, debt to ebida is insignificant tobin\\\'s q, and the last is the capitalizationratio has a significant positive effect on tobin\\\'s q.