Pengaruh Stuktur Aset, Kebijakan Dividen, dan Profitabilitas Terhadap Hutang Dengan Free Cashflow Sebagai Variabel Moderasi Pada Perusahaan Manufaktur Subsektor Tekstil dan Garmen Yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2020

This study aims to analyze the effect of asset structure, dividend policy, and profitability on debt policy with free cash flow as a moderating variable. This research is a type of associative quantitative research. The type of data used in this study is secondary data obtained from www.idx.co.id and the company's website. The data analysis technique used is multiple regression analysis. The population in this study are textile and garment sub-sector companies listed on the Indonesia Stock Exchange during the 2015-2020 period. For the sampling technique of this study was determined by the purposive sampling method in order to obtain 24 data that can be processed. Based on the results of the partial analysis, profitability as proxied by ROE has a positive effect on debt policy and asset structure, dividend policy has no effect on debt policy. Meanwhile, simultaneously, asset structure, dividend policy, and profitability have an effect on debt policy. This study also uses moderating variables, based on the moderation test, free cash flow is able to moderate the relationship between asset structure, dividend policy, and profitability on debt policy.