the effect of debt to asset ratio and debt to equity ratio on return on assets inhotel, restaurant, and tourism sub sectors listed on indonesia stock exchangefor the 2014-2018 period

This study aims to determine the effect of debt to asset ratio and debt to equity ratio on return onassets in hotel, restaurant and tourism sub-sectors listed on the indonesia stock exchange for the 2014-2018 period, either partially or simultaneously. this research is a quantitative research. the samplingtechnique in this study was purposive sampling with a sample of 16 companies from a population of 35sub-sector companies including hotel, restaurant and tourism listed on indonesia stock exchange. thedata analysis techniques used in this study included descriptive statistics, classic assumption tests, partialcorrelation analysis, coefficient of determination, multiple regression analysis, and hypothesis testing.additionally, multiple regression equation in this study was roa= 0.308 + 0.154dar – 0.038der. theresults of this study indicated that debt to asset ratio partially had a positive and significant effect onreturn on assets. it was indicated by β value of 0.154 and significance level of 0.000 < 0.05. in addition,the results also found that debt to equity ratio had a negative effect on return on assets, in which β valuewas-0.038 and significance level of 0.000<0.05.debt to asset ratio and debt to equity ratio simultaneouslyhave a significant effect on return on assets, indicated by a significance level of 0.000 <0.05.