The Impact of Financial Leverage on the Profitability of Fertilizer Companies of Pakistan
This study identified the impact of financial leverage on the profitability of fertilizer companies of Pakistan. The profitability was measured by ROA. Financial leverage is taken as independent variable. The data was collected over a period of 2012 to 2018 from the annual consolidated financial statement of five companies which consists of 35 observations. Regression analysis was used to examine the impact of financial leverage on profitability. The result showed that financial leverage has a significant negative impact on the profitability of fertilizer companies of Pakistan.