Abstrak

his study aims to analyze the effect of Mitsubishi vehicle payment methods\r\nconsisting of Cash, Cash Top, and Credit on the liquidity of PT. XYZ during the 2021–\r\n2025 period. A quantitative approach with descriptive and associative methods was\r\nemployed. Secondary data comprising monthly sales unit data by payment method and\r\nmonthly financial statements from January 2021 to December 2025 were collected,\r\nyielding 60 monthly observations. Company liquidity was measured using the Current\r\nRatio (CR) indicator. Data analysis involved descriptive statistics, the Shapiro-Wilk\r\nnormality test, logarithmic transformation, multiple linear regression, t-test, F-test, and\r\nthe coefficient of determination (R²). The results indicate that Credit was the most\r\ndominant payment method with an average of 445.47 units/month (57.0%), followed by\r\nCash Top with 169.68 units/month (26.5%), and Cash with 149.15 units/month (16.5%).\r\nThe mean Current Ratio of PT. XYZ during the observation period was 0.875 (below the\r\nideal benchmark of 1.0 times), ranging between 0.436 and 1.088. Partial testing (t-test)\r\nrevealed that Cash had no significant effect on the Current Ratio (p = 0.451). Conversely,\r\nCash Top showed a positive and statistically significant effect on the Current Ratio (p =\r\n0.008). Meanwhile, Credit had no significant partial effect on the Current Ratio (p =\r\n0.910). Simultaneous testing (F-test) produced a significance value of 0.048 (p < 0.05),\r\ndemonstrating that Cash, Cash Top, and Credit simultaneously exert a significant effect\r\non the Current Ratio. The Adjusted R² of 0.130 indicates that these three payment\r\nmethods collectively explain 13.0% of the variance in company liquidity, with the\r\nremaining 87.0% influenced by external factors outside the model. Practical implications

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