Outline Journal of Economic Studies
Vol. 4 No. 2: April-September 2025

Financial Report Analysis in Predicting Bankruptcy Using the Springate Method (S-Score) in Mining Companies Listed on the IDX

Rifky Aimanda Siregar (Unknown)



Article Info

Publish Date
18 Jul 2025

Abstract

The research analysis aims to determine how financial report analysis predicts bankruptcy using the Springate (S-Score) method in Mining companies listed on the IDX. The research method is quantitative descriptive research. The sample in this study was 11 Mining companies listed on the IDX in 2019-2023. Primary data collection using a questionnaire. The results of the study show that in 2019 Mining companies listed on the IDX did not experience bankruptcy. In 2020 the ANTM company went bankrupt by -191,027. In 2021 the PKPK company went bankrupt by -121,165, the ANTM company by -11,771, the CITA company by -53,287, the CKRA company by -254,414 and the MITI company by 0.547. In 2022, the PKPK company went bankrupt by -171,674, the SMMT company by -69,469, the ANTM company by 0.160, the CITA company by -254,414, the CKRA company by -96,895 and the MITI company by -301,884. In 2023, the PKPK company went bankrupt by -36,371, the SMMT company by -29,491 and the CKRA company by -182,653. 

Copyrights © 2025






Journal Info

Abbrev

OJES

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Outline Journal of Economic Studies is published by Outline Publishers. The journal is published twice a year in March and September. The editorial accepts general articles covering the economy both nationally and internationally where no other media has ever ...