Article Per Year (5 Year)
p-Index From 2020 - 2025
0.408
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All Journal International Journal of Business, Economics, and Social Development
Hasanah, Fayza Safira
Unknown Affiliation
Humanities Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Social Sciences

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Financial Distress Prediction Analysis at PT Garuda Indonesia Tbk for 2020-2023 Using the Grover, Taffler and Springate Methods Hasanah, Fayza Safira; Hasanah, Ananda Putri; Budianto, Erwin
International Journal of Business, Economics, and Social Development Vol 6, No 2 (2025)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i2.891

Abstract

This study aims to evaluate the potential financial distress of PT Garuda Indonesia Tbk during the period 2020-2023 using three prediction models: Grover, Taffler, and Springate. Financial distress is an early sign of financial instability that can lead to bankruptcy, so it is important to analyze it to prevent greater risks. This study uses a quantitative descriptive method with secondary data from the company's financial statements. The results of the analysis show that although Garuda Indonesia's financial condition improved in 2021 and 2022, financial stress returned in 2023. The Grover model is more sensitive in identifying financial distress, while the Taffler method tends to be optimistic, and Springate shows more variable results. Based on these findings, companies need to implement more effective financial strategies to maintain their stability and reduce the risk of bankruptcy.
Financial Distress Prediction Analysis at PT Garuda Indonesia Tbk for 2020-2023 Using the Grover, Taffler and Springate Methods Hasanah, Fayza Safira; Hasanah, Ananda Putri; Budianto, Erwin
International Journal of Business, Economics, and Social Development Vol. 6 No. 2 (2025)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i2.891

Abstract

This study aims to evaluate the potential financial distress of PT Garuda Indonesia Tbk during the period 2020-2023 using three prediction models: Grover, Taffler, and Springate. Financial distress is an early sign of financial instability that can lead to bankruptcy, so it is important to analyze it to prevent greater risks. This study uses a quantitative descriptive method with secondary data from the company's financial statements. The results of the analysis show that although Garuda Indonesia's financial condition improved in 2021 and 2022, financial stress returned in 2023. The Grover model is more sensitive in identifying financial distress, while the Taffler method tends to be optimistic, and Springate shows more variable results. Based on these findings, companies need to implement more effective financial strategies to maintain their stability and reduce the risk of bankruptcy.
Co-Authors Budianto, Erwin Hasanah, Ananda Putri