Jurnal AkunStie (JAS)
Vol 5 No 2 (2019): Jurnal Akun STIE (JAS) Desember

ANALISIS RASIO ALTMAN Z-SCORE TERHADAP PREDIKSI FINANCIAL DISTRESS PERUSAHAAN REAL ESTATE YANG LISTING DI BURSA EFEK INDONESIA

Dian Wulan Sari (Program Studi Akuntansi, Universitas Bina Insan Lubuklinggau)



Article Info

Publish Date
09 Dec 2019

Abstract

Financial statements are the heart of the company in order to grow and develop in accordance with the objectives of the company's organization. For this reason, special tools are needed that can predict financial health in order to avoid financial distress or financial difficulties, one of which uses the Altman Z-Score ratio which consists of 5 variables namely Working Capital to Total Assets (X1); Retained Earning to Total Assets (X2); Earnings Before Interest and Taxes to Total Assets (X3); Market Value Equity to Book Value of Total Debt (X4); and Sales to Total Asstes (X5). This research is a quantitative study with data analysis techniques using Multiple Regression Analysis. The study population was property and real estate companies listing on the IDX with 90 samples.The results of this study indicate that the MKTA variable (X1); LATA (X2); EBITA (X3); NPTU (X4); and PETA (X5) have a significant and partially significant effect on the Financial Distress variable on Real Estate Companies listing on the IDX with a confidence level of 95% (sig. 0.05). This research is expected to be used as a reference or reference to other similar research so that the techniques and results obtained are of higher quality.

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Journal Info

Abbrev

jas

Publisher

Subject

Economics, Econometrics & Finance

Description

Menyajikan artikel hasil penelitian akutansi yang meliputi semua bidang ilmu diantaranya Akuntansi Keuangan, Akuntansi Biaya, Akuntansi Manajemen, Akuntansi Pemerintahan, Akuntansi Penganggaran, Akuntansi Perpajakan, Akuntansi ...