Pengaruh Likuiditas, Leverage, dan Profitabilitas Perusahaan Terhadap Financial Distress (Studi Kasus Pada Perusahaan Tekstil dan Garmen yang Terdaftar di Bursa Efek Indonesia 2022-2024)

Irma Arung Padang, Catur Kumala Dewi, Muhammad Maulana

Abstract


This study aims to determine and analyze the effect of liquidity, leverage, and profitability on financial distress in textile and garment companies listed on the Indonesia stock exchange for the period 2022-2024. The research sample used was 4 textile and garment companies. The theoretical basis used in this study includes Liquidity, Leverage, Profitability, and Financial distress.

This research method is quantitative. This study uses the analysis tools Current Ratio, Debt Equity Ratio, Return on Equity and the Altman Z-Score model. Formula CR = Current Assets: Current Debt. DER formula = Total Debt: Total Equity. ROE formula = Net Profit After Tax: Total Own Capital. Z-Score model 1.2X1+1.4X2+3.3X3+0.6X4+1.99X5. The data required is quarter 1 to 3 in 2022, 2023, 2024. Data obtained from the Indonesia Stock Exchange.

The results of this study indicate that liquidity has no partial effect but leverage and profitability partially affect financial distress. Simultaneously liquidity, leverage, and profitability affect financial distress.



Keywords


Liquidity, Leverage, Profitability, Financial distress.

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References


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