International Journal of Economic Entrepreneurship and Business Management
Vol 1, No 3 (2024): International Journal of Economic Entrepreneurship and Business Management

ANALYSIS OF THE SPRINGATE METHOD TO PREDICT BANKRUPTCY IN PT. AIR ASIA INDONESIA TBK PERIOD 2018-2022

Rizha, Rizha (Unknown)



Article Info

Publish Date
17 Dec 2024

Abstract

The purpose of this study is to analyze the prediction of bankruptcy in PT. Air Asia Indonesia Tbk by using the Springate Method (S-score) for the 2018-2022 Period. This research was conducted on PT. Air Asia Indonesia Tbk. Using data sources accessed through the official website (www.idx.co.id). The type of data is secondary data, and the type of research is in the form of quantitative research with data collection techniques in the form of documentation and literature studies. The results of PT. Air Asia Indonesia Tbk. in 2018 obtained a Sscore value of -0.62918 so that it is categorized as experiencing financial distress or potentially experiencing bankruptcy. In 2019, PT. Air Asia Indonesia Tbk. obtained an S-Score of 0.43773 so it is categorized as experiencing financial distress or potentially experiencing bankruptcy. In 2020, PT. Air Asia Indonesia Tbk. obtained an S-Score of -2.79858 so it is categorized as experiencing financial distress or potentially experiencing bankruptcy. In 2020, PT. Air Asia Indonesia Tbk. obtained an S-Score of -2.50815 so it is categorized as experiencing financial distress or potentially experiencing bankruptcy. And in 2022 also PT. Air Asia Indonesia Tbk. obtained an S-Score of -1.99309 so it is categorized as experiencing financial distress or potentially experiencing bankruptcy.Keywords: Metode Springate; S-Score; Financial Distress.

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Journal Info

Abbrev

ijeebm

Publisher

Subject

Economics, Econometrics & Finance

Description

"International Journal of Economic Entrepreneurship and Business Management" (IJEEBM) is an academic journal that concentrates on the fields of economics, entrepreneurship and business management. Our Journal has been listed on e-ISSN : ...