JAKADARA: JURNAL EKONOMIKA, BISNIS, DAN HUMANIORA
Vol. 4 No. 2 (2025): JAKADARA: JURNAL EKONOMIKA, BISNIS, DAN HUMANIORA

The Influence of Liquidity, Profitability, and Leverage on the Financial Distress of Transportation Companies on the IDX in 2021-2023

Komang Ayuk Supriani (Unknown)
Luh Diah Citra Resmi Cahyadi (Unknown)
Ni Luh Sri Purnama Pradnyani (Unknown)



Article Info

Publish Date
30 Aug 2025

Abstract

Financial difficulty is a condition when a company or individual faces serious financial distress and cannot meet their financial obligations. The main causes include a decline in income, increased debt, or management issues. Factors such as leverage, profitability, and liquidity are key influences on a company's financial health. This research utilized secondary data and a quantitative approach. The study population included 16 transportation companies listed on the Indonesian Stock Exchange (IDX) from 2021 to 2023. Purposive sampling was used to choose the sample with specific criteria, resulting in 48 samples being selected for the analysis. Data analysis was performed using multiple linear regression with SPSS version 24. The findings indicated that for transportation companies listed on the IDX between 2021 and 2023, leverage has a negative effect on financial distress. Conversely, liquidity and profitability were found to have a positive and significant effect on financial distress. Keywords: Liquidity, Profitability, Leverage, Financial Distress

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Journal Info

Abbrev

jakadara

Publisher

Subject

Arts Humanities Decision Sciences, Operations Research & Management Education Languange, Linguistic, Communication & Media Social Sciences

Description

Jurnal Ekonomika, Bisnis, dan Humaniora (JAKADARA) adalah jurnal nasional yang diterbitkan oleh Lembaga Penelitian dan Pengabdian kepada Masyarakat Universitas Dhyana Pura, Bali. Jakadara merupakan jurnal yang terbuka untuk umum dan ditinjau oleh pihak terkait yang merupakan media diseminasi hasil ...