RASIO KEUANGAN SEBAGAI PREDIKSI FINANCIAL DISTRESS PERUSAHAAN PERBANKAN MILIK PEMERINTAH DI BURSA EFEK INDONESIA

Abstract

This research aimed to find out the effect of camel financial ratio which was divided into 6 ratios, namely Capital
Adequity Ratio (CAR), Asset Quality which was referred to Non-Performing Loan (NPL), Fund Management
which was referred to BOPO, Earnings which was referred to Return on Assets (ROA), and Liquidity which was
referred to Return on Equity (ROE) and Loan to Deposit Ratio (LDR) on Financial Distress of state-owned
banking companies which were listed on Indonesia Stock Exchange (IDX) during 2015-2019. The data collection
technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 9
banking companies as the sample. Moreover, the data analysis technique used logistic regression analysis with
analysis test which consist of prerequisite tests, proper model test and hypothesis test with SPSS 24.0. The research
result concluded NPL had positive and significant effect on financial distress. On the other hand, CAR, ROA,
ROE, LDR, and BOPO had insignificant effect on financial distress.
Keywords: financial distress, bank, camel, financial Ratio