<![CDATA[This study aims to examine the effect of liquidity, firm size, profitability, leverage, and sales growth on financial distress among hotel, tourism, and restaurant service companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. This study employs secondary data. The sampling technique used is purposive sampling, resulting in a sample of 23 companies. The data analysis methods include descriptive analysis, classical assumption tests, and hypothesis testing, along with several evaluation procedures using SmartPLS software. The results indicate that liquidity, measured by the Current Ratio (CR), and profitability, measured by Return on Assets (ROA), have a significant effect on financial distress. Meanwhile, firm size, leverage, measured by the Debt to Asset Ratio (DAR), and sales growth do not have a significant effect on financial distress. Penelitian ini bertujuan untuk menguji pengaruh likuiditas, ukuran perusahaan, profitabilitas, leverage, dan pertumbuhan penjualan terhadap financial distress pada perusahaan jasa hotel, pariwisata, dan restoran yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2020–2024. Penelitian ini menggunakan data sekunder. Teknik pengambilan sampel yang digunakan adalah purposive sampling, sehingga diperoleh sampel sebanyak 23 perusahaan. Metode analisis data yang digunakan meliputi analisis deskriptif, uji asumsi klasik, dan pengujian hipotesis, serta beberapa prosedur evaluasi menggunakan perangkat lunak SmartPLS. Hasil penelitian menunjukkan bahwa likuiditas yang diukur menggunakan Current Ratio (CR) dan profitabilitas yang diukur menggunakan Return on Assets (ROA) berpengaruh signifikan terhadap financial distress. Sementara itu, ukuran perusahaan, leverage yang diukur menggunakan Debt to Asset Ratio (DAR), dan pertumbuhan penjualan tidak berpengaruh signifikan terhadap financial distress.]]>
