Company growth leads to decreased debt usage in Indonesian consumer companies.
The study looked at how factors like company size, asset structure, profitability, liquidity, and sales growth affect the capital structure of non-cyclical consumer companies in Indonesia. They found that as these factors increase, the company's use of debt in its capital structure decreases. This suggests that companies can lower their debt by increasing their size, asset structure, profitability, liquidity, and sales growth. The study focused on specific types of companies listed on the Indonesia Stock Exchange and recommends future research to include more variables and different types of companies for a broader understanding.