Effect of Short-Term Debt on Sales Growth in Food and Beverage Companies

Abstract

The company plays a role as a contributor to the country's economic progress. Companies need variable debt to continue to grow and increase production. Companies engaged in the food and beverage business are PT. Sentra Food Indonesia Tbk, PT Sentra Food Indonesia Tbk (FOOD) is one of the companies that currently continues to grow. PT. Short-term debt can help companies meet fund needs that cannot be met with internal resources, such as to finance operational activities. This research method uses a quantitative approach. Researchers collected data on short-term debt, and sales growth, then made calculations. Based on the analysis conducted, short-term debt fluctuates and the average current ratio in the company is 0.64. The development of sales growth shows unfavorable numbers from 2019 to 2022. The results showed that the current ratio did not have a significant effect on sales growth. The positive number but the independent variable is very insignificant to the dependent variable so that there is no significant influence between short-term debt on the company's growth.