Current ratio, net profit margin, debt-to-equity ratio, and Indonesian banks’ earnings growth

This study examines the associations of the current ratio, net profit margin and debt-to-equity ratio with earnings growth among Indonesian listed banks during 2022–2024. The original manuscript reports a balanced panel of 36 bank-year observations from 12 banks, selected from a reported frame of 47 listed banks. Its selection criteria require positive study variables and exclude any bank with negative earnings growth in any year. This outcome-dependent rule limits the target population and may distort the estimated associations. In addition, the reported regression summaries fail basic consistency checks, so they do not support empirical conclusions. The revised analysis specification requires reconstruction of the accounting data, inclusion of eligible negative-growth observations, and comparisons between pooled ordinary least squares and models with bank-clustered inference and bank and year fixed effects. Descriptive statistics, correlations, model fit, coefficients, confidence intervals, effect sizes and diagnostics must be generated from the same validated data and model objects. The arithmetic audit is reported in Appendix A; it is not a substitute for re-estimation. No conclusion on H1–H4 is warranted until the source data, and complete regression outputs have been reconciled.