ANALISIS KEKUATAN RASIO KEUANGAN UNTUK MEMPREDIKSI KONDISI FINANCIAL DISTRESS (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2017-2021)

Yuniarti Yuniarti

Abstract


This study aims to analyze the power of financial ratios in predicting the occurrence of financial distress. The financial ratio variables used in this research are liquidity ratios, profitability ratios, leverage ratios, and operating cash flow ratios. This research is associative, using purposive sampling method. Manufacturing companies are the population in this study with the results of 165 research sample data. The analysis technique used in this study is logistic regression. There are five variables used in this study: financial distress as the dependent variable, while the liquidity ratio, profitability ratio, leverage ratio and operating cash flow ratio as the independent variable. The results of this study indicate that the liquidity ratio proxied by CR has a significant negative effect on financial distress, the profitability ratio proxied by ROA has a significant negative effect on financial distress. leverage proxied by DER has no significant effect on financial distress, the operating cash flow ratio has no effect on financial distress. Based on these results, management is expected to be able to make the right decisions to improve conditions of financial difficulties that lead to potential bankruptcy.


Keywords


Financial distress; Leverage ratio; Liquidity ratio; Operating cash flow ratio; Profitability ratio

Full Text:

PDF

References


Aisyah, S., Nurhayati (2022). Pengaruh Leverage Ratio, Likuiditas Ratio, dan Sales Growth Ratio

Terhadap Financial Distress Bank Umum Syariah Tahun 2016-2020. 2(1).

Amin, K.A., Santoso, R.T., & Estrini, H.D. (2022). Analisis Pengaruh Rasio Keauangan Terhadap Prediksi Kondisi Financial Distress (Studi Pada Perusahaan Sub Sektor Transportasi di Bursa Efek Indonesia). Journal arimbi (APPLIED RESEARCH IN MANAGEMENT AND BUSINESS. 2(2).

Brigham, & Houston. (2019). Dasar-Dasar Manajemen Keuangan (Edisi Empat Belas). Salemba

Empat.

Dewi, N. K. U. G. , & Dana, M. (2017). Variabel Penentu Financial Distress Pada Perusahaan

Manufaktur Di Bursa Efek Indonesia . E-Jurnal Manajemen Unud, 6(11), 5834–5858.

Ghozali, I. (2018). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 25 (9th ed) (Edisi

Sembilan). Badan Penerbit Universitas Diponogoro.

Ginting, M.C. (2017). Pengaruh Current Ratio dan Debt to Equity Ratio (DER) Terhadap Financial Distress Pada Perusahaan Property & Real Estate di Bursa Efek Indonesia, Jurnal Manajemen, 3(2), pp. 37-44. https://ejournal.Imiimedan.net/index.php/jm/article/view/12/12.

Hanifah, O. E., & Purwanto, A. (2013). Pengaruh struktur Corporate Governance Dan Financial Indicators Terhadap Kondisi Financial Distress. Journal Of Accounting, 2(2). http://ejournal-s1.undip.ac.id/index.php/accounting

Hanifah. (2022). Pengaruh Rasio Keuangan Terhadap Financial Distress, 2(2).

Heniwati, E., & Essen, E. (2020). Which Retail Firm Characteristics Impact On Financial Distress?

Jurnal Akuntansi Dan Keuangan, 22(1), 40–46. https://doi.org/10.9744/jak.22.1.40-46.

Putri, F.F., Haifa, Widaninggar. N. (2022) Analisis Pengaruh Rasio Keuangan dan Faktor Ekonomi Makro Terhadap Financial Distress Pada Perusahaan Manufaktur. Journal Akuntansi dan Manajemen. 3(1).

Rissi, M.D., Herman, A.L. (2021). Pengaruh Likuiditas, Profitabilitas, Financial Leverage, dan

Arus Kas Operasi Dalam Memprediksi Kondisi Financial Distress. 16(2).

Williem, N., Ugut, S.G. (2022). Analisis rasio Keuangan Terhadap Financial Distress pada Perusahaan Ritel Yang Terdaftar di BEI Periode 2013-2019. Jurnal Pendidikan, Akuntansi dan Keuangan. 5(1).


Refbacks

  • There are currently no refbacks.


Jurnal Kajian Ilmiah Akuntansi Fakultas Ekonomi UNTAN (KIAFE)

Program Studi Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Tanjungpura

Jl. Prof.Hadari Nawawi, Pontianak - Kalimantan Barat (78121)

Phone : (0561) 785342, 583865

Email : [email protected]