The paper aims to investigate the role of
liquidity Ratio, Profitability, and Company Size on Coal
Company Value by using Capital Structure as an
intervening factor during the 2017-2022 period. The
population of this study are coal mining sub-sector
companies listed on the Indonesia Stock Exchange during
the 2017-2022 period. A total of 8 national coal companies
were selected based on criteria using a purposive sample
technique. The findings indicated that Size, Profitability,
and Liquidity all had a detrimental impact on Capital
Structure. The second finding is that Profitability and
Capital Structure have a favourable impact on firm value
whereas Liquidity and Size have a negative impact. In the
coal sub-sector companies listed on the IDX in 2017–2022,
the factors of liquidity, profitability, and size have an
overall influence on company value through capital
structure as an intervening variable.
Keywords : Liquidity Ratio; Profitability; Company Size; Company Value.