PENGARUH RASIO KEUANGAN TERHADAP PREDIKSI KONDISI FINANCIAL DISTRESS PERUSAHAAN PERKEBUNAN DI BEI

Abstract

This research aimed to analyze the effect of financial ratio on financial distress condition. While, financial distress condition was measured by assessing companies’ income statement which regularly had losses and profit minimum 2 years in row. Moreover, the population was plantation companies which were listed on Indonesia Stock Exchange (IDX) during 2013-2018. The research was quantitative. Moreover, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 11 sample from 19 plantation companies during 2013-2018. Furthermore, the data analysis technique used logistic regression with SPSS 24. The research result concluded current ratio, debt to equity ratio, and total asset trun over had positive effect on financial distress condition. On the other hand, retrun on asset had negative effect on financial distress condition. Meanwhile, there were 5 companies which were estimated bankruptcy and other 9 companies were in gray area. At this situation, they would have either bankruptcy oe not since their financial condition was fluctuated
Keywords: current ratio, debt to equity ratio, total asset turn over, retrun on assets, financial distress.