Pengaruh Rasio Keuangan pada Financial Distress

Mahaningrum, A. A. Istri Agung; Merkusiwati, Ni Ketut Lely Aryani

doi:10.24843/eja.2020.v30.i08.p06

Cited by 22 publications

(38 citation statements)

References 19 publications

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“…Financial distress is a condition of companies that experience a lack of cash flow to meet debt obligations (Altman et al, 2019). Financial distress is characterized by the condition of the company experiencing financial difficulties or liquidation that must be faced before the occurrence of bankruptcy (Mahaningrum & Merkusiwati, 2020;Tanjaya & Santoso, 2020). There are several indicators to determine financial distress conditions, namely negative profits in a row, negative working capital, negative cash flow and difficulty in paying obligations (Kristanti, 2019).…”

Section: Financial Distressmentioning

confidence: 99%

The Effect of Profitability, Liquidity, and Solvency on Financial Distress of Textile and Garment Companies in Indonesia

Maximillian

Septina²

2022

ECODEMICA

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Indonesia's manufacturing GDP growth experienced a downward trend from 2015-2020. All manufacturing companies experienced a decline, including textile and garment sub-sector companies. There are 4 textile and garment sub-sector companies that have suffered consecutive losses and high raw material costs caused indications of financial distress in textile and garment sub-sector companies. This study aims to determine the effect of profitability, liquidity, and solvency on financial distress in textile and garment sub-sector companies for the period 2015-2020. Profitability is measured by Return On Asset (ROA), liquidity is measured by Current Asset (CR), solvency is measured by Debt to Asset (DAR), and financial distress is measured by Altman Z-score. This study sample used 15 textile and garment sub-sector companies listed on the Indonesia Stock Exchange. This study uses a quantitative approach. Data analysis method using Pooled Least Square. The results showed that profitability and liquidity had a positive and significant effect on financial distress. Solvency has a negative and significant effect on financial distress.

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Section: Financial Distressmentioning

confidence: 99%

The Effect of Profitability, Liquidity, and Solvency on Financial Distress of Textile and Garment Companies in Indonesia

Maximillian

Septina²

2022

ECODEMICA

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“…Melalui penelitiannya (Zain, 2021) menemukan bahwa adanya pengaruh dari rasio profitabilitas dengan proksi melalui ROA pada financial distress. Namun Mahaningrum & Merkusiwati (2020) dalam penelitiannya menemukan hal sebaliknya, bahwa tidak terdapat pengaruh dari rasio profitabilitas dengan proksi melalui ROA pada financial distress. Adapun penelitian ini menerapkan rasio solvabilitasnya melalui Debt to Equity Ratio (DER), yang mendeskripsikan rasio dana eksternal (modal pinjaman) dengan dana pemilik atau pemegang saham (equity).…”

Section: Gambar 2 Perusahan Delisting Bei 2018-2021unclassified

Pengaruh rasio profitabilitas, rasio solvabilitas, dan rasio likuiditas terhadap financial distress

Putri

Hendayana

2022

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This study aims to determine the effect of profitability ratios, solvency ratios, and liquidity ratios on financial distress in energy sector companies listed on the Indonesia Stock Exchange for the 2018-2021 period. The sample in this study was 40 (forty) companies obtained by using the purposive sampling method. The method used in this study is causal associative and the statistical method used to test the hypothesis is logistic regression analysis using the SPSS 25 application. The results show that partially the profitability ratio influences financial distress of 0.000, while the solvency ratio is 0.622 and the ratio liquidity of 0.213 has no effect on financial distress. The research also shows that the profitability ratio, solvency ratio, and liquidity ratio influence financial distress of 67.7%, and the rest is explained by other variables outside of this research model, which is 32.3%. This research is expected to serve as an enrichment consideration for companies when managing financial health to prevent financial distress and assist shareholders in considering investment decisions.

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“…Sebaliknya semakin rendah rasio likuiditas, maka kemungkinan perusahaan akan mengalami financial distress. Ini memberikan sinyal buruk bagi investor bahwa keadaan perusahaan tidak sehat dan kemungkinan terjadi financial distress (Mahaningrum & Merkusiwati, 2020). Informasi tersebut sesuai dengan fungsi signaling theory yang memberikan sinyal bagi para investor untuk berinvestasi atau tidaknya pada perusahaan.…”

Section: Pengaruh Likuiditas Terhadap Kesulitan Keuanganunclassified

Pengaruh Struktur Kepemilikan, Kinerja Keuangan, Dan Ukuran Perusahaan Terhadap Indikasi Kesulitan Keuangan

Andani

Puspitasari

2021

JMA

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This reserach aims to determine what can affect financial distress in mining companies and to examine and analyze the impact of the independent variable on the dependent variable. The independent variables used in this research are ownership structure, financial performance and firm size. This research is processed using secondary data types. Tests in this research used descriptive statistics and multiple linear regression analysis to analyze the data. By using the sampling method with purposive sampling technique, 160 data were obtained where this research was processed using the SPSS version 25 program, and the population studied included mining companies listed on the IDX during the 2016-2019 period. This reserach shows that: Institutional Ownership, Liquidity, Leverage, Profitability shows a significant impact on Financial Distress. It is inversely proportional to Managerial Ownership and Company Size which indicate does not have effect on Financial Distress

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Pengaruh Rasio Keuangan pada Financial Distress

Cited by 22 publications

References 19 publications

The Effect of Profitability, Liquidity, and Solvency on Financial Distress of Textile and Garment Companies in Indonesia

The Effect of Profitability, Liquidity, and Solvency on Financial Distress of Textile and Garment Companies in Indonesia

Pengaruh rasio profitabilitas, rasio solvabilitas, dan rasio likuiditas terhadap financial distress

Pengaruh Struktur Kepemilikan, Kinerja Keuangan, Dan Ukuran Perusahaan Terhadap Indikasi Kesulitan Keuangan

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