This study aims to analyze the effect of managerial ownership, institusional ownership, dividend policy and profitability on debt policy in manufacturing companies listed on the Indonesia Stock Exchange in the 2014-2018 period. This study used a sample of 135 selected using a purposive sampling method with criteria determined by the author. The data used is secondary data from the company's annual financial statements. the analysis tool used is SPSS. Based on the analysis there are three variables accepted and one variable rejected. The results of this study were that managerial ownership had no effect on debt policy, institusional ownership had a significant negative effect on debt policy, dividend policy had a significant positive effect on debt policy, and profitability had a significant negative effect on profitability.