<![CDATA[This study analyzes the bankruptcy potential of two internet service provider companies, PT X and PT Y, clients of Saputra Consultant, using the Modified Altman Z-Score model. The research is motivated by indications of financial distress, including declining revenue, weak capital structure, and equity deficits during 2023–2025. A quantitative descriptive method was employed using secondary data from balance sheets and income statements obtained from the companies’ annual corporate tax returns. The results indicate that PT X consistently remained in the distress zone with negative Z-Scores (-29.676, -20.751, and -14.195), although its financial condition showed gradual improvement. Meanwhile, PT Y consistently stayed in the safe zone with positive Z-Scores (8.840, 7.398, and 11.879). The findings suggest that PT X requires immediate financial restructuring, whereas PT Y remains financially healthy but should monitor declining sales and net income trends.]]>
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