The Effect of Current Ratio and Quick Ratio on Sharia Stock Prices at PT. Various Tbk Mines Registered in The Jakarta Islamic Index (JII) Period 2018-2023
Abstract
This research aims to analyze the effect of the Current Ratio and Quick Ratio on the Islamic stock price of PT Aneka Tambang Tbk, which is listed on the Jakarta Islamic Index (JII) from 2018 to 2023. The Current Ratio is calculated by comparing current assets to current liabilities, while the Quick Ratio is computed by subtracting inventory from current assets and then comparing the result to current liabilities. The Islamic stock price is measured based on the equity value divided by the number of outstanding shares.The population of this study includes all quarterly financial reports of PT Aneka Tambang Tbk listed on the JII during the 2018-2023 period, totaling 24 reports. Since the population is less than 100, the entire population was used as the research sample using a saturated sampling technique. The analysis method employed is linear regression with the assistance of SPSS software.The results indicate that the Current Ratio has a significant partial effect on the Islamic stock price. Similarly, the Quick Ratio also shows a significant partial effect on the Islamic stock price. Furthermore, both the Current Ratio and Quick Ratio have a significant simultaneous impact on the Islamic stock price of PT Aneka Tambang Tbk listed on the Jakarta Islamic Index during the studied period. These findings suggest that the company's liquidity ratios can serve as important indicators in determining Islamic stock prices.
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