The study looked at what factors influence how property and real estate companies in Indonesia choose to finance their operations. They analyzed data from 12 companies listed on the Indonesia Stock Exchange and found that assets that can be easily sold, business risk, and company size all play a significant role in determining how much debt these companies take on. However, factors like sales growth and how easily a company can convert assets into cash didn't seem to have much impact. The study also found that a company's profitability can affect how much debt it takes on, with higher profits making it easier to pay off debts. This information can help investors and creditors understand how well these companies can manage their debts.