Sustainable Growth Rate and It's Determinants : A Case Study of Consumer Non-Cyclical Companies in Indonesian

The purpose of this study is to evaluate the impact of current ratio (CR), net profit margin (NPM), debt to equity (DER), and total assets turnover (TATO) on non-cyclical consumer businesses.
Companies in the non-cyclical consumer sector that were listed on the Indonesia Stock Exchange between 2018 and 2022 made up the study's population. Purposive sampling was used to choose samples, and those that fit the requirements were chosen. Descriptive statistics, multiple linear regression analysis, correlation and coefficient of determination, F test, t test, and classical assumption testing were used in the study process. There were no variables discovered that didn't follow conventional wisdom. The findings indicated that current ratio (CR) has a negative impact on sustainable growth rate, total asset turnover (TATO), net profit margin (NPM), and debt to equity (DER) had no effect on sustainable growth rate.