ANALISIS RASIO KEUANGAN UNTUK MEMPREDIKSI KONDISI FINANCIAL DISTRESS PADA PERUSAHAAN PERTAMBANGAN

Abstract

This research aims to examine the influence of financial ratios that include liquidity, profitability, net profit margin, and financial leverage in predicting the condition of financial distress in mining companies which listed in Indonesia Stock Exchange (IDX) period 2013-2016. The population in this research is obtained by using purposive sampling method at mining company listed in the Indonesia Stock Exchange (BEI) during 2013-2016 period and based on predetermined criterion, the sample of 42 mining companies with category 0 for non-financial distress company and category 1 for companies experiencing financial distress. The statistic method used to test the research hypothesis is logistic regression with SPSS application tool (statistical product and service solutions). The results showed that the ratio of profitability (return on total asset) has a negative and significant influence on financial distress with regression coefficient of -11.780, and the level of significance 0.043. While the liquidity variable, net profit margin, and financial leverage have no significant influence on financial distress.
Keywords: liquidity, profitability, net profit margin, financial leverage, and financial distress.