Analisis Perbandingan Financial Distress pada Perusahaan Sub Sektor Rokok Periode 2015-2019
August 12, 2021  //  DOI: 10.35899/biej.v3i3.304
Anang Makruf, Deni Ramdani

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Analisis Perbandingan Financial Distress pada Perusahaan Sub Sektor Rokok Periode 2015\u002D2019 Image
Abstract

– The aim of the study was to analyze financial distress in cigarette companies list in Indonesia Stock Exchange in 2015-2019 using 3 methods, Altman Z-Score, Zmijewski, and Springate. Purposive sampling is used in this study to determine the sampling technique. The sample used in this study released 4 cigarette companies. Descriptive asalysis with quantitative models was used to analyze data in this research. Altman Z-Score, Zmijewski, and Springate in 2015-2019 PT. HM Sampoerna Tbk, PT. Gudang Garam Tbk, and PT. Wismilak Inti Makmur Tbk is related to safe, but it is needed a company that is estimated to be grey in the Altman Z-Score calculation in 2018, PT. Wismilak Inti Makmur Tbk. The Z-score is at the limit because the companie has a ratio with a lower value in market value of equity  to book value of liabilities
 

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