Prediksi Terjadinya Kebangkrutan Perusahaan dengan Metode Altman

Abstract

Bankruptcy is a very essential problem that must be aware by the company. Analysis is done to obtain bankruptcy early warning of bankruptcy. One such tool is the z-score models to predict financial performance, as well as predicting the financial position of each company, the poor financial performance could trigger bankruptcy. The purpose of this paper is to determine how changes in the ratio of five z-score of the company and to determine the potential bankruptcy of the PT XYZ Batam 2011-2013. This type of research is a qualitative research approach that is both descriptive study. Object of this research is PT XYZ Batam. The data is taken from secondary data in the form of financial statements of the company. In this study the method of data collection is the documentation. The result showed a conclusion that the average ratio of Working Capital To Total Assets amounted to 0.042258, Retained Earnings To Total Assets amounted - 0.203619, Earnings Before Interest and Taxes To Total Assets amounted -0.091578, Book Value Of Equity To Book Value Of Debt amounted to 0.519949 and the average ratio of Sales To Total Assets 1.370073. In the z-score analysis, there are three companies that are in the healthy category, a company that is in a grea area, and the company is in the gray area category. In this analysis of PT XYZ Batam in 2011- 2013 experienced a fluctuating ratio.