Abstract :
This study aimed to examine the effect of default risk bonds, cash turnover, liquidity, capital adequacy, and the operational efficiency of the company's profitability. The population in this study is a non-financial companies listed on the Indonesia Stock Exchange and are rated by bond rating agency PT Pefindo. The research sample obtained is as much as 27 Company. Hypothesis testing using multiple regression analysis with SPSS version 16. The results show that the first hypothesis (H1) default risk of bonds and the fourth hypothesis (H4) the level of capital adequacy affect the profitability of the company. The second hypothesis (H2) cash turnover, the third hypothesis (H3) liquidity, and the fifth hypothesis (H5) operational efficiency does not affect the profitability of the company.