This study looked at how different factors like company size, growth opportunities, risk, profitability, assets, age, and liquidity affect the way food and beverages companies in Indonesia make decisions about their finances. They found that company size, profitability, and business risk have a significant impact on how these companies structure their capital. Growth opportunities, asset tangibility, firm age, and liquidity also play a role, but to a lesser extent. Overall, all these factors together have a significant influence on the capital structure decisions of these companies.