The purpose of this research is to analyze the
factors that affected the Debt Policy on Company
Financial Statements registered on the Indonesia Stock
Exchange (IDX). The Independent variable in this
research is Profitability, Growth of the Company, Firm
Size and Free Cash Flow. Meanwhile, the dependent
variable is Debt Policy. Populations in this research are
companies subsector Food and Beverages registered on
the Indonesia Stock Exchange (IDX) from 2013-2017.
The sampling technique is done with purposive
sampling method. Samples in this research are 11
companies and total samples in this research are 55
financial statements. This research uses multiple
regression analysis. The result shows that Profitability,
Growth of the Company and Firm Size have significant
effect towards Debt Policy meanwhile FCF has no effect
on Debt Policy.
Keywords : Debt Policy, Debt to Equity Ratio, Profitability, Free Cash Flow, Firm Growth, Firm Size.