Analisis Kepailitan Perusahaan Yang Tercatat di BEI Sub Sektor Telekomunikasi

Muhammad Nur Abdi (Universitas muhammadiyah Makassar)
Agusdiwana Suarni (Universitas Muhammadiyah Makassar)
Arvina Arham (Universitas Muhammadiyah Makassar)

Jurnal Multidisiplin Madani (MUDIMA)
Vol. 2 No. 6 (2022): June 2022

The purpose of this study is to analyze the bankruptcy of companies in the telecommunication sub-sector listed on the IDX for the 2016-2019 period using the Altman ZScore. Quantitative research methods use secondary information. Sources of information from the company's financial statements PT Telekomunikasi Tbk, PT XL Axiata Tbk, & PT Indosat Tbk. Based on the Altman ZScore, five types of ratios are used, namely working capital/complete assets, retained earnings/absolute assets, earnings before interest & taxes/all out assets, market value of equity/book value of debt, & sales/all out assets. With the formula ZScore = 1.2X1 + 1.4X2 + 3.3X3 + 0.6X4 + 0.1X5. The results stated that PT Telekomunikasi Indonesia Tbk was in good health from 2016 to 2019. PTXLAxiataTbk and PTIndosatTbk 2016-2019 were in a bankrupt or unhealthy condition.