Pengaruh Struktur Modal, Pertumbuhan Penjualan dan Ukuran Perusahaan Terhadap Stabilitas Keuangan pada Perusahaan Subsektor Makanan & Minuman Yang Terdaftar di Bei Periode 2022-2024

This study aims to analyze the effect of capital structure, sales growth, and firm size on financial stability in food and beverage subsector companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2024 period. The study employs a quantitative approach using secondary data obtained from audited annual financial statements. The research sample consists of 34 companies with a total of 102 observations selected through purposive sampling. Capital structure is proxied by the Debt to Equity Ratio (DER), sales growth is measured by the percentage change in net sales, firm size is measured using the natural logarithm of total assets, and financial stability is measured using the Current Ratio (CR). The data are analyzed using multiple linear regression analysis. The results indicate that capital structure has no significant effect on financial stability, while sales growth and firm size have a positive and significant effect on financial stability. Furthermore, the simultaneous test shows that capital structure, sales growth, and firm size jointly have a significant effect on financial stability. From a theoretical perspective, this study provides empirical evidence that internal growth factors and firm scale play a more dominant role in maintaining financial stability than capital structure. From a practical perspective, the findings provide implications for managers and investors in making financial decisions, particularly in focusing on sustainable sales growth and optimal asset management to strengthen firms’ financial stability.