<![CDATA[This study aims to examine the effect of the Debt to Equity Ratio (DER), Total Asset Turnover (TATO), and Operating Cash Flow on financial distress among infrastructure sector companies listed on the Indonesia Stock Exchange during the 2020–2024 period. This study employed a quantitative research approach, with the population consisting of all infrastructure sector companies listed on the Indonesia Stock Exchange throughout the observation period. The sample was selected using a purposive sampling technique, resulting in 40 companies. Data were analyzed using binary logistic regression with the assistance of IBM SPSS Statistics 25 software. The findings indicate that, partially, the Debt to Equity Ratio and Operating Cash Flow have a significant effect on financial distress, whereas Total Asset Turnover has no significant effect on financial distress. Simultaneously, the Debt to Equity Ratio, Total Asset Turnover, and Operating Cash Flow significantly affect financial distress. The Nagelkerke R Square value of 0.34 indicates that 34% of the variation in financial distress can be explained by the three independent variables, while the remaining 66% is explained by other variables outside the research model.]]>
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