Analisis Rasio Keuangan Untuk Memprediksi Financial Distress Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia

Abstract

This study aims to predict financial distress through the variable lancer ratio, return on assets and debt to equity ratio since 1, 2 and 3 years before it occurs in manufacturing companies listed on the Indonesia Stock Exchange. The study population was all manufacturing companies listed on the Indonesia Stock Exchange, and by using purposive sampling, a sample of 66 companies was obtained. The data analysis method used is logistic regression. The results showed the current ratio variable, return on assets and debt to equity ratio, together had a significant effect on the probability of financial distress for one, two and three years before it occurred in the manufacturing companies listed on the Indonesia Stock Exchange since one, two and three before it occurs at α = 5 percent. The level of prediction accuracy of the effect of financial ratio information on the probability of financial distress on companies that have been listed on the Indonesia Stock Exchange since one, two and three years before experiencing financial distress occurred respectively was 97.0 percent, 77.3 percent and 74.2 percent. The current ratio variable and the debt to equity ratio partially do not significantly influence the probability of financial distress for one, two and three years before it occurs, whereas the debt to equity ratio partially has a positive and significant effect on financial distress for one, two and three years before it occurs in companies that have been listed on the Indonesia Stock Exchange.

Pengaruh Human Capital, Intangible Asset, Diversifikasi dan Investasi Teknologi Informasi terhadap Financial Distress dalam Situasi Covid-19

“…International Federation of Accountant (IFAC) mengatakan bahwa perusahaan saat ini tidak dapat diukur hanya dengan fixed asset atau tangible asset saja, tetapi juga harus mempertimbangkan intangible asset [8]. Salah satu indikator dalam memperkirakan financial distress yakni intangible asset [9].…”

Analisis Financial Distress Dengan Metode Altman Z-Score Pada Perusahaan Otomotif Dan Komponen Yang Terdaftar Di Bei Tahun 2017-2021

“…Untuk memastikan kelangsungan hidupnya, industri harus terus mengembangkan produk yang memenuhi atau melampaui harapan konsumen sambil tetap bersaing. Kondisi krisis yang mengharuskan industri ini bertahan dalam persaingan yang ketat menjadi dasar strategi industri ini (Karmini, 2019).…”

The Effect of Good Corporate Governance on Financial Distress

“…As a company is experiencing a decline in its financial condition, it enters a phase of financial distress. It is feared that the company will have difficulty obtaining sources of financing, will not be able to fulfill its obligations or debts, and the company's performance will be poor, which will trigger conditions of Financial Distress leading to bankruptcy (Pundi et al, 2022). Therefore, being aware of conditions is one of the actions that can be taken by analyzing the company's financial reports using financial ratios.…”