Open AccessANALISIS PREDIKSI KONDISI FINANCIAL DISTRESS MENGGUNAKAN RASIO LIKUIDITAS, PROFITABILITAS, FINANCIAL LEVERAGE DAN ARUS KAS
Author(s) -
Dwiyani Sudaryanti,
Annisa Dinar
Publication year - 2019
Publication title -
jurnal ilmiah bisnis dan ekonomi asia
Language(s) - English
Resource type - Journals
eISSN - 2620-875X
pISSN - 0126-1258
DOI - 10.32812/jibeka.v13i2.120
Subject(s) - financial ratio , nonprobability sampling , leverage (statistics) , market liquidity , population , business , profitability index , bankruptcy , finance , bankruptcy prediction , logistic regression , actuarial science , statistics , mathematics , demography , sociology
Financial distress is pre condition before bankruptcy, so prediction of the condition is very important that will help company to decide policy in the future. This study aims to test financial ratios which are believed as the predictors of financial distress condition.
Research population is mine coal companies that are listed on Bursa Efek Indonesia. With purposive sampling as sampling technique, there are 15 companies as sample with 60 financial statements as the data. This research use regression logistic as the research method.
The result shosw that liquidity ratio, financial leverage, and cash flow can not be used as financial distress predictor. however profitability ratio can. This research implies that financial performance in funding doesn’t always correlate with operational performance. Next researches are needed with different variables and population so that the result can be generalized.