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All Journal Operations Research: International Conference Series International Journal of Global Operations Research
Wandira, Ika
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Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Engineering Mathematics

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Journal : Operations Research: International Conference Series

 1 
Analysis of the Effect of Cash Ratio on Corporate Bankruptcy Risk: Case Study of Manufacturing Companies Tenripada, Andi Sakinah Yan; Wandira, Ika
Operations Research: International Conference Series Vol. 6 No. 2 (2025): Operations Research International Conference Series (ORICS), June 2025
Publisher : Indonesian Operations Research Association (IORA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/orics.v6i2.349

Abstract

This study aims to explore the relationship between cash ratio and bankruptcy risk using an empirical analysis approach, and relate it to the Altman Z-score model as an indicator of financial sustainability. By analyzing the financial statement data of companies listed on the stock exchange during the period 2019-2023, this study investigates the impact of liquidity measured by cash ratio on bankruptcy potential. Regression method is used to assess the relationship, while Altman Z-score serves as a tool to measure the financial health of the company. The results show that the cash ratio contributes little to reducing the risk of bankruptcy, yet firms with higher liquidity exhibit a better Z-score. These findings highlight the importance of liquidity management as a strategy to ensure the financial sustainability of firms in the face of bankruptcy challenges.
Co-Authors Tenripada, Andi Sakinah Yan