The study aims to determine the effect of Growth Opportunity, Cash Conversion Cycle on Cash Holding: A case study of Textile & Garment Sub-Sector Companies. The data taken is secondary data, in the form of Textile & Garment Sub-Sector Companies during 2016-2020 period which consists of 16 companies with an observational data of 80 (balanced data panel). The population data used in this study are from Textile and Garment Sub-Sector Companies Listed on Indonesia Stock Exchange with a total population of 16 companies. The sampling technique is purposive sampling and used a sample 16 companies listed. This study uses the documentation method obtained from reports on cash holding on the official website of the Indonesia Stock Exchange, namely www.idx.co.id.
The results obtained show that (1) Growth Opportunity has a significant positive impact on Cash Holding. (2) Cash Conversion Cycle has a negative and insignificant impact on Cash Holding.