Enrichment : Journal of Management
Vol. 12 No. 5 (2022): December: Management Science And Field

Altman Z-Score Model, Springate, Grover, Ohlson and Zmijweski to Assess the Financial Distress Potential of PT. Garuda Indonesia Tbk During and After the Covid-19 Pandemic

Agung Anggoro Seto (Politeknik Negeri Sriwijaya)



Article Info

Publish Date
09 Dec 2022

Abstract

This study aimed to assess PT. Garuda Indonesia Tbk's potential for financial distress during and after the covid-19 pandemic. This research employed descriptive quantitative type; it described the potential for financial distress at PT. Garuda Indonesia Tbk. Secondary data were utilised, namely the financial statements of PT. Garuda Indonesia Tbk for the years 2018-2021. Data collection approaches involving documentation and literature study. The data analysis method utilised descriptive analysis with the research variable of financial distress. This study's five models used to measurement financial distress were Z-Score Altman, Springate, Grover, Ohlson, and Zmijweski. The findings indicate that PT. Garuda Indonesia Tbk is in a condition of financial distress or has the potential to declare bankruptcy between 2018 and 2021, which determined using the Z-Score Altman, Springate, Grover, Ohlson, and Zmijweski methods.

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Journal Info

Abbrev

enrichment

Publisher

Subject

Economics, Econometrics & Finance

Description

The Enrichment : Journal of Management offers wide ranging and widespread analysis of all surfaces of management and science. Published two times per year, it delivers a emphasis for universal proficiency in the vital methods, techniques and areas of research; presents a opportunity for its readers ...