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All Journal Indonesian Accounting Research Journal
Chiesa NurApriansyah Apriansyah
Jurusan Akuntansi, Politeknik Negeri Bandung
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Analisis Potensi Kebangkrutan Perusahaan Dengan Pendekatan Altman Z-Score Pada Perusahaan Klien Di Saputra Consultant Chiesa NurApriansyah Apriansyah; Sugih Sutrisno Putra
Indonesian Accounting Research Journal Vol. 6 No. 2 (2026): Vol. 6 No. 2 (2026): Indonesian Accounting Research Journal (February 2026)
Publisher : Jurusan Akuntansi Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/iarj.v6i2.7230

Abstract

This study analyzes the bankruptcy potential of two internet service provider companies, PT X and PT Y, clients of Saputra Consultant, using the Modified Altman Z-Score model. The research is motivated by indications of financial distress, including declining revenue, weak capital structure, and equity deficits during 2023–2025. A quantitative descriptive method was employed using secondary data from balance sheets and income statements obtained from the companies’ annual corporate tax returns. The results indicate that PT X consistently remained in the distress zone with negative Z-Scores (-29.676, -20.751, and -14.195), although its financial condition showed gradual improvement. Meanwhile, PT Y consistently stayed in the safe zone with positive Z-Scores (8.840, 7.398, and 11.879). The findings suggest that PT X requires immediate financial restructuring, whereas PT Y remains financially healthy but should monitor declining sales and net income trends.
Co-Authors Putra, Sugih Sutrisno