Analisis Leverage dan Profitabilitas Pada Perusahaan Sektor Transportasi dan Logistik Yang Terdaftar di BEI Periode 2019-2023

This study aims to analyze leverage and profitability in transportation and logistics sector companies listed on the IDX during the 2019–2023 period. The research employs a descriptive quantitative method using secondary data from
financial statements. Leverage is measured by the DAR, DER, and LTDER ratios, while profitability is measured by the ROI, ROE, and NPM ratios. The results show four patterns of relationship, companies with decreasing leverage and increasing profitability, increasing leverage and decreasing profitability, both increasing, and both decreasing. According to the Trade-Off Theory, debt is only considered effective if it generates proportional returns. Therefore, companies with high debt but low profits are advised not to increase their debt but instead focus on improving efficiency and operational performance..
Keywords: Leverage, Profitability, Transportation and Logistics, IDX, Financial Ratios