Pengaruh Profitabilitas, Likuiditas, Leverage, Rasio Arus Kas dan Ukuran Perusahaan Terhadap Financial Distress

Abstract

This study aims to identify the factors that influence financial distress conditions, either simultaneously or partially in retail trading sub-sector companies listed on the Indonesia Stock Exchange for the 2015-2019 period. This study uses a type of causal comparative research. The sample in this study is the retail trading sub-sector companies listed on the Indonesia Stock Exchange for the 2015-2019 period using the purposive sampling method. There are 10 companies that meet the sample criteria, so there are 50 financial statements. The factors tested in this study are profitability, liquidity, leverage, cash flow ratio and firm size. The results of the study show that partially the profitability variable (NPM) has a positive effect on financial distress, the liquidity (CR) has a negative effect on financial distress, the leverage variable (DER) has no effect on financial distress, the cash flow ratio (CFR) has a negative effect on financial distress and firm size (FS) has no effect on financial distress. Simultaneously there is an effect of profitability (NPM), liquidity (CR), leverage (DER), cash flow ratio (CFR), and firm size (FS) on financial distress.

Influence of Company age and Profitability on the Financial Distress of IDX Listed Manufacturing Companies 2020-2022

“…As a result, profitability has an impact on the likelihood of a company's financial difficulties. These findings are consistent with several research statements submitted by various parties that claim profitability contributes positively to mitigating financial hardship (Rizaky & Dillak, 2020), Purwaningsih &Safitri, 2022), andAugustina et al, 2019). Profitability, according to these parties, have a beneficial effect on the problem of financial distress.…”

“…All of these statements indicate that a company must focus on profitability in order for its internal financial performance to improve. This is consistent with previous research, which also indicates that the company's profitability has a relationship or influence on financial distress (Purwaningsih & Safitri, 2022). This influence is due to the company's financial resilience, which can be seen and measured by the company's ability to generate profits.…”

“…The main concept of this section is an incident that occurs that arises due to the impact of multiple factors on the internal financial performance of the company. According to this event's interpretation, there was a decline in conditions and the emergence of the company's inability to meet various long-term and short-term obligations (Purwaningsih & Safitri, 2022). When businesses experience this condition, their situation is not good.…”

Leverage dan Prediksi Financial Distress: Efek Moderasi Profitabilitas

“…Penelitian lainnya (Giarto & Fachrurrozie, 2020;Hermuningsih et al, 2022;Isayas, 2021;Younas et al, 2021) mencatat leverage berefek negatif terhadap financial distress. Kemudian, terdapat beberapa penelitian (Kurniaty et al, 2022;Oktaviani & Lisiantara, 2022;Prayogi et al, 2022;Purwaningsih & Safitri, 2022;Wijaya & Rasyid, 2022) (Sari & Putri, 2016). Menurut hasil penelitian Amah et al, (2023), profitabilitas dapat menjadi pemoderasi pengaruh leverage terhadap financial distress.…”

The Influence Of Firm Size, Leverage, Liquidity, Cash Turnover On Profitability

“…According to Kustyaningsih and Jefri (2023) , liquidity is one of the tools commonly used in analyzing a company's ability to pay off short-term debt on time. Parties generally have strong liquidity, indicating that they have profitable current assets to cover their current liabilities (Purwaningsih and Safitri, 2022) . According to Insan and Purnama (2021), in their research, they explain that the current ratio used in liquidity requires the company to make short-term debt payments.…”