Jurnal Ekonomi, Manajemen, Akuntansi dan Keuangan
Vol. 2 No. 4 (2021): OKTOBER

Analysis of Financial Distress Using Altman Methode (Z-score) in Bank Umum Milik Negara (BUMN)

Empon Tri Ayu (Study Program of Accountancy, Faculty of Economic, Universitas Dehasen Bengkulu)
Ida Anggriani (Faculty of Economic, Universitas Dehasen Bengkulu)
Herlin Herlin (Faculty of Economic, Universitas Dehasen Bengkulu)



Article Info

Publish Date
16 Oct 2021

Abstract

The purpose of this study was to analyze bankruptcy using the Altman (Z-Score) method at State-Owned Commercial Banks (BUMN). The results showed that PT. BRI (Persero) Tbk with a condition that is not bankrupt or healthy in 2015 and 2016 the Z-score is 3,404 and 3,341. In 2017 the Z-score is 2,099, in 2018 it is 1,901 and in 2019 it is 2,057 which means it is included in the gray area (it is in growth zone). PT. BNI 46 (Persero) Tbk in 2015 obtained a Z-score of 4.213, meaning that it is not in a state of bankruptcy or health. In 2016 the Z-score was 1.622, 2017 was 1.702, in 2018 it was 1.578 and in 2019 it was 1.388, this means it is included in the gray area (in the growth zone). PT. Bank Mandiri (Persero) Tbk, in 2015 obtained a Z-score of 1,985, in 2016 was 2,074, in 2017 it was 1,914, in 2018 it was 1,818 and in 2019 it was 1,943, this means it is included in a gray area or in a growth zone. PT. BTN (Persero) Tbk in 2015 obtained a Z-score of 1.659, meaning it is included in the gray area (in the growth zone). In 2016 the Z-score was 0.932, 2017 was 0.962, 2018 was 0.835 and 2019 is 0.912, this shows that PT. BTN (Persero) Tbk has the potential to go bankrupt.

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Journal Info

Abbrev

JURNALEMAK

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Journal of Economics, Management, Accounting and Finance is an online journal with full reference (double-blind peer review) and open access for academics, researchers, postgraduate students, early career researchers and university students, published by ADM Publisher Bengkulu, Indonesia.Jurnal Emak ...