This study aims to determine the effect of Leverage, Financial Performance, and Capital Structure on Financial Distress with Good Corporate Governance as an Intervening variable in Pharmaceutical sub-sector companies listed on the Indonesian Stock Exchange (IDX). The population in this study are pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange in 2017-2021. The method of analysis in this study is path analysis using Smart PLS 2.0 software. The end result of this research is a picture of causation, so this method uses samples and hypotheses. The test results show that Leverage has a significant effect on Financial Distress, Leverage has a significant effect on Good Corporate Governance, Financial Performance has a significant effect on Financial Distress, Financial Performance has a significant effect on Good Corporate Governance, Capital Structure has a significant effect on Financial Distress, Capital Structure has a significant effect on Good Corporate Governance, Good Corporate Governance has a significant effect on Financial Distress, Leverage has a significant effect on Financial Performance, and Capital Structure has a significant effect on Financial Performance.
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