PENGARUH LIKUIDITAS, SOLVABILITAS, DAN PROFITABILITAS TERHADAP PREDIKSI FINANCIAL DISTRESS PADA PERUSAHAAN SUBSEKTOR TELEKOMUNIKASI YANG TERDAFTAR DI BURSA EFEK

Abstract

This research aimed to analyze the effect of liquidity which was referred to as Current Ratio, solvability which was referred to as Debt to Asset Ratio, and profitability which was referred to Return On Asset; as the independent variables on financial distress which was referred to as Altman Z-Score as the dependent variable. The research was quantitative. Moreover, the population was 5 Telecommunication sub-sector companies listed on the Indonesia Stock Exchange during 2015-2021. The data collection technique used saturated sample, in which the sample was based on the criteria given. In line with that, there were 4 companies as the sample. Furthermore, the data analysis technique used multiple linear with SPSS 29. The result from the F-test showed that this research was properly used. Additionally, the research result concluded that Current Ratio had a negative and significant effect on financial distress. However, solvability as well as profitability had a significantly positive effect on financial distress