Analisis financial distress untuk mengukur potensi kebangkrutan pada PT Krakatau Steel

Nazla Amiera 1 Eka Yudhyani Rina Masithoh

Abstract


The theoretical basis used in this research is financial management, financial statements, financial performance, financial distress, bankruptcy, Altman Z-Score method. The analytical tools used in this study are balance sheet, profit and loss, Altman Z-Score formula, Working capital to total assets, retained earnings to total assets, EBIT to total assets, Market value of equity to Book value total debt, Sales to total assets . This research was conducted using financial reports available at idx.com and Krakatausteel.com.

The results of this study include 1). that from 2016 to 2020 PT Krakatau Steel went bankrupt with a poor level of corporate health. This is because PT Krakatau Steel is experiencing financial distress. 2). PT Krakatau Steel has a Z-Score value that continues to decline from 2016 to 2020, especially in 2019 where that year has the lowest Z-Score value

Keywords


Altman Z-Score, Financial distress

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References


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