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Journal : Journal of International Conference Proceedings

Solvency Analysis of PT Aneka Tambang Tbk. Before and During the Covid-19 Pandemic Suryaningsum, Sri; Pamungkas, Noto; Jasmine, Jasmine; Harleyngton, Carlo
Journal of International Conference Proceedings Vol 6, No 6 (2023): 2023 WIMAYA Yogyakarta Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i6.2772

Abstract

This study aims to analyze the increase or decrease in the solvency ability of PT Aneka Tambang Tbk. This research is important to know the impact of the Covid-19 pandemic. The solvency ability of this study was measured by the Debt to Assets Ratio (DAR), Debt to Equity Ratio (DER), and Long Term Debt to Equity Ratio (LTDER). This research is included in a descriptive study with secondary data in the form of company financial statements for 2017-2021 which were obtained by literature and documentation studies. The analytical technique used in this research is a comparative descriptive analysis between years and also compares the average achievements of the industry. The results showed that there was an increase in  the compny's solvency ability during the Covid-19 pandemic when compared to the value of the DAR, DER, and LTDER ratios before the Covid-19 pandemic, this indicates that the Company is able to improve financial performance in the midst of a pandemic which has been considered the cause occurrence of a financial crisis. In addition, referring to the industry average, the company's DAR value is poor because it is above the average, while the DER and LTDER values are classified as good because they are below the industry average. The results of this study are expected to be developed by further researchers and used as consideration for related parties.
The Effect of Liquidity, Profitability, Operating Cash Flow, and Ownership Structure on Financial Distress (Study on Property and Real Estate Companies Listed on the IDX) Pamungkas, Noto; Qatrunnada, Hasna Salsabila
Journal of International Conference Proceedings Vol 6, No 6 (2023): 2023 WIMAYA Yogyakarta Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i6.2714

Abstract

Financial distress is recognized as the preliminary phase of bankruptcy, resulting from numerous financial and non-financial factors.This study aims to assess the effect of liquidity, profitability, operating cash flow as financial ratios, also managerial and institutional ownership as ownership structure on financial distress. This study use real estate and property companies listed on the Indonesia Stock Exchange (IDX) in the period 2018-2021 as the population. From a total of 80 companies, 28 were selected as the sample for this study using a purposive sampling method that applies several specific criteria. The data were processed using SPSS version 25 with a quantitative approach through multiple linear regression analysis techniques. Since the classical assumption test results of this research do not meet the requirements, the data are modified using log-modulus transformation. The results show that liquidity, profitability, and operating cash flow variables affect financial distress. Moreover, managerial ownership and institutional ownership do not affect financial distress. The results of this study suggest that management should be able to maintain financial performance efficiently to avoid financial distress.
Solvency Analysis of PT Aneka Tambang Tbk. Before and During the Covid-19 Pandemic Suryaningsum, Sri; Pamungkas, Noto; Jasmine, Jasmine; Harleyngton, Carlo
Journal of International Conference Proceedings Vol 6, No 6 (2023): 2023 WIMAYA Yogyakarta Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i6.2772

Abstract

This study aims to analyze the increase or decrease in the solvency ability of PT Aneka Tambang Tbk. This research is important to know the impact of the Covid-19 pandemic. The solvency ability of this study was measured by the Debt to Assets Ratio (DAR), Debt to Equity Ratio (DER), and Long Term Debt to Equity Ratio (LTDER). This research is included in a descriptive study with secondary data in the form of company financial statements for 2017-2021 which were obtained by literature and documentation studies. The analytical technique used in this research is a comparative descriptive analysis between years and also compares the average achievements of the industry. The results showed that there was an increase in  the compny's solvency ability during the Covid-19 pandemic when compared to the value of the DAR, DER, and LTDER ratios before the Covid-19 pandemic, this indicates that the Company is able to improve financial performance in the midst of a pandemic which has been considered the cause occurrence of a financial crisis. In addition, referring to the industry average, the company's DAR value is poor because it is above the average, while the DER and LTDER values are classified as good because they are below the industry average. The results of this study are expected to be developed by further researchers and used as consideration for related parties.
The Effect of Liquidity, Profitability, Operating Cash Flow, and Ownership Structure on Financial Distress (Study on Property and Real Estate Companies Listed on the IDX) Pamungkas, Noto; Qatrunnada, Hasna Salsabila
Journal of International Conference Proceedings Vol 6, No 6 (2023): 2023 WIMAYA Yogyakarta Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i6.2714

Abstract

Financial distress is recognized as the preliminary phase of bankruptcy, resulting from numerous financial and non-financial factors.This study aims to assess the effect of liquidity, profitability, operating cash flow as financial ratios, also managerial and institutional ownership as ownership structure on financial distress. This study use real estate and property companies listed on the Indonesia Stock Exchange (IDX) in the period 2018-2021 as the population. From a total of 80 companies, 28 were selected as the sample for this study using a purposive sampling method that applies several specific criteria. The data were processed using SPSS version 25 with a quantitative approach through multiple linear regression analysis techniques. Since the classical assumption test results of this research do not meet the requirements, the data are modified using log-modulus transformation. The results show that liquidity, profitability, and operating cash flow variables affect financial distress. Moreover, managerial ownership and institutional ownership do not affect financial distress. The results of this study suggest that management should be able to maintain financial performance efficiently to avoid financial distress.