Analisis Pengaruh Rasio Keuangan Terhadap Financial Distress

Abstract

This study aims to analyze the effect of financial ratios on financial distress. Using secondary data on property and real estate companies listed on the Indonesia Stock Exchange that are tested on companies listed on the Indonesia Stock Exchange. The ratio of working capital to total assets, the ratio of retained to total assets, the ratio of earnings before interest and taxes to total assets, and the ratio of book value of equity to book value of total debt to the independent variable, while the dependent variable is financial distress measured using the method Altman Z-Score. This research data is obtained from annual reports and company financial statements taken from the Indonesia Stock Exchange. Determination of the sample using purposive sampling method and obtained as many as 165 samples. The hypothesis in this study uses multiple regression analysis. The results of this study working capital to total assets, the ratio of retained to total assets, the ratio of earnings before interest and taxes to total assets, and the ratio of book value of equity to book value of total debt affect financial distress.