PENGARUH LIKUIDITAS, LEVERAGE, AKTIVITAS DAN PROFITABILITAS DALAM MEMPREDIKSI FINANCIAL DISTRESS

Abstract

The purpose of this research is to test empirically the influence of liquidity, financial leverage, activity and
profitability to the condition of financial distress. The population in this study are all textile and garment
companies listed on the Indonesia Stock Exchange during 2011-2015. Sampling technique used with purposive
sampling method so that the research samples obtained as much as 15 companies textile and garment with the
amount of data observed as many as 75 observations. Data analysis technique using logistic regression analysis
method. The result of hypothesis testing that Liquidity measured with current ratio has no effect on financial
distress. financial leverage as measured by debt to total asset has a positive effect on financial distress. activities
measured by total asset turnover has a negative effect on financial distress. profitability as measured by return
on asset mapun with return on equity has a negative effect on financial distress.
Keywords: liquidity ratio, solvency ratio, activity ratio, profitability ratio, financial distress