eCo-Fin
Vol. 7 No. 3 (2025): eCo-Fin

Penerapan Metode Altman Z-Score, Grover Score, Springate dan Zmijewski Untuk Memprediksi Potensi Kebangkrutan

Suharsono, Judi (Unknown)
Rustianawati, Mutimmah (Unknown)
Febriani, Alvina (Unknown)
Fithrianto, M Novan (Unknown)
Andrianata, Mufid (Unknown)



Article Info

Publish Date
10 Oct 2025

Abstract

This research was conducted to determine the application of the Altman Z-Score, Grover Score, Springate and Zmijewski methods in predicting potential bankruptcy in food and beverage companies listed on the IDX for the 2021-2023 period. The type of research used is descriptive quantitative. Sample selection using purposive sampling method which resulted in 42 samples with 14 companies. The data used is secondary data, namely the company's annual financial statements food and beverage companies for the period 2021-2023. Data analysis is carried out by collecting financial statement data, calculating ratios, classifying company conditions, and comparing the results of the 4 methods. The results state that the Altman z-score method is the best method based on the ability to detect 4 companies that are at risk in the early stages (gray) before entering bankruptcy (dangerous), this can provide time for companies to improve their financial performance. springate method has 1 company that has gone bankrupt. this method only divides into 2 categories without a gray zone so it is less detailed in identifying early stage risks, while the grover score and zmijewski methods show the results of 14 companies in a healthy condition.

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Journal Info

Abbrev

ef

Publisher

Subject

Economics, Econometrics & Finance

Description

Focusing on the development of economics, especially finance & accounting, both scientific and practical reviews, is expected to be a scientific medium for the creation of integration between theoretical studies and practical studies for the development of economics in various social aspects. ...